Do You Have a Love Drawer?
In each family, there is usually one person who takes care of the finances and one person who is less involved and may not know all of the details. If something unforeseen would happen to the person who keeps track of the finances, would the other spouse, or anyone else in charge or your estate, know what to do?
A love drawer is a drawer in your home that contains all the important information that your family needs if something happens to you. It gets the name from the fact that you love your family so much that you get all your matters in order and put it in this drawer, so that the information is easy to get to and understand when they need it.
The essential components of a love drawer are as follows :
A love drawer is a drawer in your home that contains all the important information that your family needs if something happens to you. It gets the name from the fact that you love your family so much that you get all your matters in order and put it in this drawer, so that the information is easy to get to and understand when they need it.
The essential components of a love drawer are as follows :
- will and estate plan
- information on the financial accounts
- funeral instructions
- insurance policies
- monthly budget
- tax returns
- location of safe deposit box
- passwords
- other important documents - birth certificates, deeds, titles, social security cards, etc.
- legacy letters
Furthermore, do you have a will already written and signed? If you do not, we strongly encourage you to get one done as soon as possible. If you have children and you die without a will, your children will become wards of your state. For a simple will, you can get started by visiting USLegalForms.com.
Comments