Part of the journey is the end. – Tony Stark.
We are all going to lose whatever we have built on earth when we die. Before that, we need to be ready.
Design and prepare you Death Dossier soon, or else, you can be setting up your heirs for frustration and financial pain.
THE ESSENTIALS
- Will
- Letter of instructions
- Trust Documents
- Power of Attorney
- Estate plan
- Colored Photocopy of Valid Government issued IDs
- Birth Certificate of heirs, children and spouse
HEALTH CARE CONFIDENTIAL
- Family Medical History
- PhilHealth
- Living Will. (Do not resuscitate order if you wish)
- Healthcare Power of Attorney
- Health History
- Birth Certificate
BANK ACCOUNTS
- List of all bank accounts
- List of all Usernames and Passwords
- List of Safe Deposit Boxes
- Bank books
PROOF OF OWNERSHIP
- Housing, Land and Cemetery Deeds
- Mortgage Accounts
- Proof of Loans made and Debts owned
- Vehicle Titles or OR/CR
- Stock Certificates, Savings Bonds
- Partnership and Corporate Operating Agreements
- BIR Tax Returns
LIFE INSURANCE AND RETIREMENT
- Life Insurance Policies
- SSS number and SSS ID, Pag-IBIG number, GSIS ID (if applicable)
- Retirement accounts (Provident fund, company retirement plans, etc.)
MARRIAGE (if applicable)
- Marriage certificate
- Colored Photocopy of Valid Government issued IDs of the spouse
- Annulment papers (if annulled)
Estate planning is the process of establishing a framework to manage your assets upon death, disability or incapacity. It involves creating documents that outline your wishes when something happens to you unexpectedly.
While estate planning is not a pleasant task, it is critical that you implement it before you need it because lack of it shall endanger your wealth as well as the peace and harmony within your family.
Dr. Pinky Intal is a Estate Planner Associate who can design an Estate Plan customized to you and your family’s needs. Contact her here.
For your Financial Health,
READ MORE:
- 7 Things You Need To Know About The Coming Estate Tax Amnesty. This will make you cry…
- The Essential Guide to Estate tax under TRAIN law
- The Real Benefits of Estate Planning Part 5 of Estate Planning 101
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