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Pre-Crisis Planning

Apr 20, 2009
Financial Topics
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A quick tip related to Personal Asset Protection…

 

If you are married or in a long term relationship with joint finances, then the person who handles the finances for the household should take the time while they are healthy and able, to write out a simple list of all bank accounts and retirement accounts that you have with the names of the institutions and the account numbers.   Also,  a list of all insurance policies.

 

Put the page in a place that is obvious and tell your loved one that it is there, and maybe at the same time give them a ten minute description of the filing system, (video tape this if you want).

Every year  update the list or keep it updated through the year. (I do it between Christmas and New Years)

 

God Forbid, if anything happens to you, then at least your family will have some clarity on these issues as they deal with other issues.  And that is a gift that you can give them in a few minutes if you plan ahead of time.

 

Rob

 

 

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21 Comments
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20 Comments

  1. Duane CunninghamNo Gravatar (51 comments)  •  Apr 20, 2009 @7:06 am

    Hi Rob

    Great advice…always good to be prepared should anything untoward happen

    Duane

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  2. JJ JalopyNo Gravatar (57 comments)  •  Apr 20, 2009 @8:25 am

    Thanks Rob.

    This is the kind of great, practical advice that I really enjoy.

    Every boy scout knows it’s good to be prepared for the worst.

    JJ Jalopy.
    Life Coaching and Home Business Advice with JJ Jalopy

    Reply

  3. Lynn LaneNo Gravatar (57 comments)  •  Apr 20, 2009 @9:25 am

    Rob,

    This will indeed be a gift for your family. Very good idea.

    Lynn Lane
    http://www.Warriorofsuccess.com

    Reply

  4. John HoNo Gravatar (86 comments)  •  Apr 20, 2009 @9:59 am

    Keeping good record is essential to avoid chaos and time consuming “Where IS” exercises.

    Just like so many log ons /user names / passwords … for the internet access.

    John Ho
    Numerology Expert Helps Understanding Personalities for Better Influence & Persuasion (WordPress Blog)
    Numerology Expert Helps Understanding Personalities for Better Influence & Persuasion (Money Page)

    Reply

  5. Christian HallerNo Gravatar (48 comments)  •  Apr 20, 2009 @10:05 am

    Practical, simple, obvious advice that few of us follow. Thanks for the reminder.
    Christian Haller
    The Art of Good Eating
    Easy Italian Recipes

    Reply

  6. Pam SchulzNo Gravatar (48 comments)  •  Apr 20, 2009 @10:24 am

    Rob – GREAT advice not only for spouses and significant others but also for elderly parents for their children. I am the executrix of my mom’s estate. She lives in PA and I am in TX. The other day out of the blue she sent me a 5 page list of every account/location/contact person who I will need to take care of her estate. Talk about a huge GIFT!!! This will save me hours of headaches and aggrevation when that awful – but inevitable – time comes.

    Reply

  7. David PowerNo Gravatar (42 comments)  •  Apr 20, 2009 @10:51 am

    Rob.. this is so importnt when it comes to realtives…my parents keep putting off writing a will just beacasue it makes them feel old..but one can never be too prepared
    !!!

    David Power
    Expert in Medical Hypnosis,Success Thinking and Practical Parenting

    David Power’s Hour

    Reply

  8. Jennifer BattaglinoNo Gravatar (25 comments)  •  Apr 20, 2009 @11:14 am

    Great advice. My parents, as I mentioned, are finishing up a change to their will so lately my mother has been giving us bits and pieces of where “everything” is.

    It has been an experience. I think it would have been easier to do this sooner rather than having it sound like this is the last act before the play is over…

    Jen B

    The Harwood Center – Tinnitus, Chronic Illness, Fers, Phobias, and Anxiety

    Reply

  9. Mitchell RehaumeNo Gravatar (12 comments)  •  Apr 20, 2009 @12:45 pm

    Rob,

    That is a great idea! I know that we are currently not doing any of what you recommended and will start soon!

    BlackBerry Mobile Education
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    Reply

  10. Anthony LemmeNo Gravatar (41 comments)  •  Apr 20, 2009 @2:51 pm

    Great advice. Sound, simple and usually not acted upon!

    Regards,
    Anthony
    http://www.anthonylemme.com

    Reply

  11. Bob KauferNo Gravatar (49 comments)  •  Apr 20, 2009 @2:52 pm

    I usually end up updating my list right before traveling, great tip.

    Bob Kaufer
    Z Health For Life

    Reply

  12. Yann Vernier - ProfitsTactics.comNo Gravatar (38 comments)  •  Apr 20, 2009 @3:32 pm

    Very sound advice Rob. My father took the time to do this a few days before he passed away, it was nearly complete and certainly made it much simpler for my mother and I to deal with the situation.

    All the best,
    Yann
    http://www.ProfitsTactics.com

    Reply

  13. Darryl PaceNo Gravatar (66 comments)  •  Apr 20, 2009 @6:48 pm

    Rob,

    Great advice. I’ve told my wife that I was going to give her such a list on several occasions, but because she doesn’t like to talk about the possibility of me not being around, and I’ve not pressed the issue, I haven’t yet done it. I may do this very soon, like tonight.

    Health, Fitness — Darryl Pace
    Fitness Product Review

    Reply

    April BraswellNo Gravatar (73 comments) Reply:
    April 20th, 2009 at 7:08 pm

    Just do it – prepare it – and THEN give it to her. Lead. (please oh please!) Really, she will be grateful and feel cherished by you later that you DID. Of course she doesn’t like to talk about that possibility. Who would? Women, we have estrogen hormones that often makes us more feelers. Just, we are. Doesn’t mean the feeling has to rule things. Just cherish our feelings… and lead.

    Rob, GREAT GREAT GREAT point. I still find things of my late husband’s that were just all over the place. Trying to collect our thoughts and find such things when the veil of grief has befuddled our brains (think choice overwhelm) is NOT the time to have to think, where are such items?

    It is a LOVING ACT to do so.

    Best regards,

    April Braswell

    Dating Expert and Online Dating Coach

    Reply

  14. Sonya LenzoNo Gravatar (30 comments)  •  Apr 20, 2009 @8:17 pm

    Even if you are single, this is a good thing to do. When I was gacing surgery, I did my will, living will, power of attorney and the lists of above, plus a list of anyone who I would want her to call if anything happened to me. She was SO grateful. It was..uh…icky …to do. But I was so relieved once it was done, and every year as I get older I am just happier that it is DONE>
    SunnyMarie
    http://www.sunnymarie.com
    http://www.sunnymarie.wordpress.com

    Reply

  15. Don ShepherdNo Gravatar (44 comments)  •  Apr 20, 2009 @8:26 pm

    Rob great advice,not only for the people you mentioned, but for those of us who are going through divorce.

    it’s also good to have a medical list.

    I see a product in the making.

    Don Shepherd
    Central Oregon Expert

    Reply

  16. Steve ChambersNo Gravatar (103 comments)  •  Apr 20, 2009 @9:20 pm

    This is great advice and something we all should do regularly. Plus, I need to leave the GPS coordinates for where I have the guns and gold buried.

    Steve

    Reply

  17. jc mackenzieNo Gravatar (48 comments)  •  Apr 20, 2009 @10:29 pm

    Sound advice! When Gayle’s Dad passed, we found a notebook on his desk. In it he had everything-keys, phone numbers, policies, combinations. He brought new meaning to the concept of prepared

    Smart guy. I hope to do even half as well.

    Thanks
    JC JC

    Reply

  18. Lisa McLellanNo Gravatar (90 comments)  •  Apr 20, 2009 @10:46 pm

    If I knew where all those things were and what they were, I’d definitely make a list!!! I’ll get to it someday. Thanks for the reminder. Great advice.

    Lisa McLellan, Babysitting Classes – Babysitters, Nannies, and Au-pairs

    Reply

  19. Pat BeckerNo Gravatar (40 comments)  •  Apr 21, 2009 @12:00 am

    Not only is this good advice, it must give you peace of mind knowing you have prepared to the best of your ability. What a gift of love.

    Pat
    Business Owners Fast Track to Internet Profits

    Reply

  20. mark mallenNo Gravatar (35 comments)  •  Apr 21, 2009 @12:01 am

    Rob, great advice for keeping your family informed. Mark

    Marketingscoops

    Reply

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