I'm single and no kid. That's the way it should stay.
I live in a city, far from any family member.
In case something should happen to me, I insist on easing my family's task when it comes to what to do with my finances. Information is the key. I can write a will, leave it an enveloppe, and when they come and pick up my stuff, they may not even see it... Should I write several wills and mail them to some family members?
This is my plan. Please feel free to give me suggestions.
I will put all my credit card, RRSP and bank statements in an enveloppe along with my will. I will also include a detailed list of all my debts and assets so they won't miss anything.
These are the items I will list:
1. Bank account numbers
2. Credit card numbers (They will be needed to be paid off and closed)
3. Bank account number.
Q: Will they be able to retrieve whatever money there is in it? Is there a procedure they have to follow? If so, I'll write it down for them.
4. RRSP plan number
5. Life insurance policy number I have with my employer.
6. The name and phone number of my employer so they can receive whatever money.
7. I don't have much as material other than a computer, a few pieces of furniture, a bike and a guitar.
I should not bother with that, I guess.
In case something should happen to me, I insist on easing my family's task when it comes to what to do with my finances. Information is the key. I can write a will, leave it an enveloppe, and when they come and pick up my stuff, they may not even see it... Should I write several wills and mail them to some family members?
This is my plan. Please feel free to give me suggestions.
I will put all my credit card, RRSP and bank statements in an enveloppe along with my will. I will also include a detailed list of all my debts and assets so they won't miss anything.
These are the items I will list:
1. Bank account numbers
2. Credit card numbers (They will be needed to be paid off and closed)
3. Bank account number.
Q: Will they be able to retrieve whatever money there is in it? Is there a procedure they have to follow? If so, I'll write it down for them.
4. RRSP plan number
5. Life insurance policy number I have with my employer.
6. The name and phone number of my employer so they can receive whatever money.
7. I don't have much as material other than a computer, a few pieces of furniture, a bike and a guitar.