My Father done the same.My Dad just died last month. 10 years ago, he gave me a folder with important information, such as:He then had a notebook on his desk with the bills he paid monthly, along with all his 2023 tax documents, the title to his truck, and bank account statements.
- His will
- Life insurance policy numbers and phone numbers (not a lot, but it paid for the funeral)
- DD214 (military papers)
- Phone numbers of people to be contacted
- Information to include in the obituary
- Recommendations for a funeral home, who to give the eulogy, a lawyer, an auction company, and a realtor
He had also put his bank account and deed to his house jointly in my name 10 years ago. This allowed me to avoid probate and use a small estate affidavit for everything. It saved me a ton of hassle and expense.
I am going to do all of this for my kids.
My brother and I were listed as co-owners on the accounts we were to receive. New deeds were drafted with our names on the property we were to inherit, but left unrecorded. We recorded the deeds after his death. It was a very smooth transition.
I currently have a Will and Trust, but if I'm fortunate enough to see it coming, I plan on doing the same as my Father did.
Statistics: Posted by DireStraits — Tue Mar 19, 2024 12:12 pm — Replies 25 — Views 1932