Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, December 4, 2018

How to Make Your Estate Plan Doomsday Ready

BombWith the news filled with stories of nature being on a rampage, it causes people that have never faced such a disaster to contemplate their own plans. What would they do if they lost everything in just one moment? How would they access the important information they needed to rebuild their life?

What type of information do you need to secure in the case of a natural disaster?

  • Account numbers and passwords.
    • For safety reasons, keep these two in separate areas.
  • Copies of legal documents.
    • This includes wills, trusts, power of attorneys, health care directives, and property deeds.
  • Contact information for your lawyer, accountant, insurance agents, and financial advisors.
    • Keeping copies of your insurance policies and tax returns can speed up the recovery process.
  • Medical information could be a literal life saver.
    • Have a complete list of all your prescriptions and contact information for your medical providers.     
  • Where to store the information?
    • Cloud based software, fireproof box, paper in wallet or purse

See Christine Fletcher, How to Make Your Estate Plan Doomsday Ready, Forbes, December 3, 2018.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2018/12/how-to-make-your-estate-plan-doomsday-ready.html

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