Sorry for the strange title, didn't quite know how else to phrase it though.
What I'd like to do is set up a folder for my wife (or kids, whoever is left to succeed me) that includes relevant information for how to claim life insurance benefits, social security, and generally just be able to "get" to my 401k, other investments, etc. after I die. My wife isn't the most financially savvy person on Earth (not terrible, but just doesn't have a great interest in the subject), so the clearer I can spell this stuff out for her, the easier it would make it. Obviously I'd be keeping this folder in a locked safe, where only she and the kids know about it.
My question is, what all else should be included in this? I've covered the basic stuff, but do you guys have any other ideas on what all should be in it? Or is this just a crazy, OCD idea that is unnecessary?
What I'd like to do is set up a folder for my wife (or kids, whoever is left to succeed me) that includes relevant information for how to claim life insurance benefits, social security, and generally just be able to "get" to my 401k, other investments, etc. after I die. My wife isn't the most financially savvy person on Earth (not terrible, but just doesn't have a great interest in the subject), so the clearer I can spell this stuff out for her, the easier it would make it. Obviously I'd be keeping this folder in a locked safe, where only she and the kids know about it.
My question is, what all else should be included in this? I've covered the basic stuff, but do you guys have any other ideas on what all should be in it? Or is this just a crazy, OCD idea that is unnecessary?
Comment