Often, even when you think you have all the big pieces of the puzzle in place, the after effects of an unexpected event aren’t a pretty picture.
Take my friend Michael, whose father died and no one had the pass code to the large safe he had built into the house. They spent days rifling through every piece of paper in his office, wondering what to do. Could they hire someone to drill it out? But then, how much would it cost to fix? And why did they have to think about this stupid safe when their hearts were so heavy
Make tough times just a little easier. Give your family the information they need, all in one place.
Or Donna, whose husband planned to go over some financial details with her on Monday. But died of a sudden heart attack on Saturday. She knew the basics, but he handled most of the bill paying and investing. Unraveling how to log into his credit card accounts, how the cable bill was paid, and whether they paid property taxes quarterly or annually took months. It’s been a year, and sometimes she still unearths small things she missed.
The trouble is, our financial, family, and online lives are more complicated than ever before. Bills are no longer mailed to the house, you have to know they exist. And especially in families where one spouse handles most of the finances, this is hard to handle.
My husband knows the budget, but I couldn’t guarantee that he would remember how all our accounts connect together. What bills are on autopay, which need to be paid manually. And I knew my mom or brother would be completely lost.
So, I did something about it.