Personal Preparedness To Do List Week #3
Review Insurance Policies and Wills
This week our challenge is to find all of our insurance policies, and our wills, and get them organized and updated. Part of that organizing them is to read through them and understand what is exactly being said in each of them. This will help us be more prepared when the time comes for us to use one of them.
I was having a conversation with a couple of my kids the other day about our own will, and it has been probably about 20 years since our will was last updated. Way too long! I have recently reviewed the house insurance and car insurance policies, but not really thoroughly. I need to do that. And I need to get them all together in one place that is easy to find. I don't know about your house, but more often than not at my house, the paper trail, turns into paper piles and it can be difficult to find things. That would not be a good situation if we needed one of our insurance policies in a pinch, or the unspeakable, someone died, and I am pretty sure that nobody would be able to find our wills, without digging. Ugh! I think I should do the digging first and updating, and then organizing, rather than leave it for someone else to clean up the mess some day.
A good reason to have updated insurance policies - check out this article I wrote a while back. It tells you what kinds of things you should have included with your insurance policies to be able to get exactly what you need out of them.
Here is your to do list for this week. I left one side of the list blank, because there are always thoughts that I have as I am going through things, and I need to write them down. Leave no page unturned!
2 comments:
Great posting! If your will deals with the guardianship of minor children, then whom ever you have appointed their guardians should also have a copy. You should also discuss with your children once they are old enough, who you have appointed, and your children should be encouraged to develop a relationship with those people on their own - even if its a once a year lunch.
True enough. I have learned that wills should be pretty detailed in every aspect to avoid any confusion what so ever. Make it cut and dry and make sure those who need copies have them. Good thoughts.
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