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LifeRecords® FAQ
1.
What is LifeRecords?
2. What are the benefits of
using LifeRecords?
3. What information is contained in the LifeRecords notebook?
4.
What does LifeRecords cost?
5.
How do I get a copy?
If you have any other questions, please
contact us.
1. What is LifeRecords?
LifeRecords® is a personal
information organizer designed to help organize important
personal financial records and estate planning documents in
one convenient location. It consists of the following -
-
Guidelines that
suggest which records should be kept, where they should be kept,
and how long they should be kept.
-
Forms that
address the important information for each of the types of records
to be retained. These forms act not only as a repository of
information, but also provide an outline that helps you work
through the tasks associated with collecting and organizing
the records.
-
Folders
where you can store various documents associated with the forms.
(The notebook is a three-ring binder that allows you to easily
add other documents.)
-
A copy
of all of the forms on a CD in a format (RTF) that can be opened
in most major word processing software. This provides the option
of completing the forms on your computer and saving the results
in both printed and electronic form.
LifeRecords is a “living organizer”
that can be edited and updated as often as needed.
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2. What are the benefits
of using LifeRecords?
As personal, financial, and
legal records grow in volume and importance over the years, the
task of organizing such documents may seem overwhelming.
And yet, the importance of having vital records readily accessible
cannot be over emphasized.
A good set of records provides
the input needed to develop an appropriate financial plan.
Whether you are in need of an investment, retirement, or estate
plan or a plan for educational funding for your children or grandchildren,
the “facts” as defined by your financial records form the initial
basis for conversations with your planning professionals.
Having accurate records readily
available can save significant time and energy when you are making
major purchases (like a new home), updating your insurance, or
performing other necessary tasks.
In the event of your untimely
incapacitation or death, your loved ones will need many of these
documents to insure that your wishes are carried out. With
the appropriate records collected and organized, you can help
provide a smooth transition for family members during a time that
is very stressful. Good records can also minimize loss and
delay in settling an estate by ensuring that all assets are properly
accounted for, such as life insurance policies and business interests.
Of course, gathering and organizing
our financial records is something we all intend to do but most
of us just never get around to sorting through the mass of paper
and confusion.
LifeRecords can help you understand
your financial picture, plan for the future, and communicate those
plans to the appropriate person(s), and, you will know that your
affairs are in order.
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3. What information
is contained in the LifeRecords notebook?
The following is a partial
list of forms contained in the notebook. (Note that since
LifeRecords is contained in a three-ring binder, you can add whatever
additional papers you think are appropriate.)
Personal Profile
Personal Information
Divorce, Alimony, and Child Support Information
Children from Current Marriage
Children from Prior Marriage(s)
Other Heirs or Beneficiaries
Identification and Health Care Cards
Emergency Contact Information
Professional Service Providers
Utility and Household Service Providers
Birth Certificate(s)
Marriage License
Adoption Records
Spouse’s Death Certificate
Military Discharge Papers
Passport/Visa/Green Card(s)
Legal Documents
Safe Deposit Box Information
Durable Power of Attorney
Durable Power of Attorney for Health Care
Living Will/Medical Directive
Organ Donation Form
Will
Living Trust Document
Testamentary Letter
Personal Property to Be Distributed upon Death
Memorandum Disposing of Personal Property
Pre-nuptial, Post-nuptial, and Relationship Agreements
Divorce, Separation, Alimony, Maintenance and Child Support Obligations
Financial Information
Types of Ownership
Summary of Assets
Bank and Brokerage Accounts
Real Estate Owned
Retirement Account(s)
Annuities
Business Interests
Trusts
Other Financial Assets
Automobiles and Other Motor Vehicles
Other Personal Property
Summary of Liabilities
Credit Card Information
Monthly or Annual Income Information
Annual Employer Benefits Statement(s)
Annual Social Security Statement(s)
Insurance Information
Life Insurance
Accidental Death and Dismemberment Insurance
Business Travel Accident Insurance
Health Care Insurance
Medicare Supplemental Insurance
Special Illness Insurance
Long-term Care Insurance
Short-term Disability Insurance
Long-term Disability Insurance
Homeowner’s Insurance
Homeowner’s Insurance Riders for Miscellaneous Casualties
Auto and Boat Insurance
Tax Returns
U.S. Individual Income Tax Returns
State Individual Tax Returns
U.S. Estate (and Generation-Skipping Transfer) Tax Returns
U.S. Gift (and Generation-Skipping Transfer) Tax Returns
Funeral and Burial Information
Funeral and Burial Wishes
Obituary Information
Photo for Obituary
Burial Policy and Deed
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4. What does LifeRecords cost?
LifeRecords is available for
$75 (plus applicable sales tax and shipping).
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page.)
5. How do I get a
copy?
Contact
us to order a copy or for more information.
(Click here to return to top of
page.)
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