Ready to Get Organized? Part THREE

There are two types of people – those who are organized and those who aren’t. Which do you fall under? How about with your finances? It’s extremely important to have your finances organized. In fact, I believe that a lack of organization is one of the top reasons that people do not reach the peak of their financial potential. So, are you ready to get organized? Here we go!

PART ONE  Understand why you are doing this in the first place

PART TWO  Prepare a list of all of your financial accounts

PART THREE  Information to include on your Financial Accounts Form

This form is meant to be the be-all end-all location for your entire financial picture. When you are looking for key financial information, you won’t have to go far because it is all contained within this file. When you pass away, it will allow your estate executor to easily understand what they are dealing with.

Here are the key items to include on your Financial Accounts Form.

  • Investment Accounts: Include your 401(k), 403(b), 457, TSP, Roth IRA, IRA, Stocks, Bonds, and Mutual Fund Investments
  • Bank Accounts: Include checking, savings, money market, CDs, and any other accounts held at a bank or credit union.
  • Real Estate: If you own real estate, be sure to list the addresses and the financial status of these holdings.
  • Will: According to LexisNexis and LegalZoom, 55% of Americans do not have a will or other estate plan in place. Have one, and include it’s location and your assigned executor on this document.
  • Power of Attorney: Healthcare POA, Limited POA, or other legal assignments of responsibility should be included in this document
  • Insurance Policies: Include Life Insurance – be sure to include policies provided through your workplace. Also include insurance on key possessions owned.
  • Jewelry (or other valuables): If you have valuable possessions, be sure to list them and their location
  • Safe Deposit Box: If you have one, indicate it on this document and include it’s location.

I know! I know! This can seem overwhelming, but it is absolutely worth the effort to put this together!


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