had me going Organizing foremost Records and Organizing Your Life - A 15-Minute Guide
January. The New Year. It always seems like a good time to reflect, plan and begin anew.
Organizing foremost Records and Organizing Your Life - A 15-Minute Guide
You make resolutions to lose weight or make more money to good your life.
You vow to eat healthy. To practice more. To purge your closets of the fashions you never wear. Or maybe you promise to spend more time with friends and family.
Yet there is a little-known resolution unknown to most people. A uncomplicated and painless commitment that brings those who decree to make it an organized life, less daily worry and unblemished peace of mind.
More specifically, I am talking about eliminating your worry and concerns about money, your life and your health by organizing all your foremost records and documents.
In fact, organizing your foremost documents is one resolution you can and should keep. It will give you and your loved ones protection and peace of mind in the event of a crisis or unforeseen emergency.
It is good to look ahead and get ready than to look back and regret.
- Jackie Joyner Kersee
As a daily money manager, expert organizer and house office counselor for more than 20 years, I have seen panic-stricken families scrambling to uncover foremost records while times of crisis when they should be spending time with their loved ones.
Rather than searching your home or office for the vital data you need, you can have all of this data organized in easy-to-find locations. This will allow you to focus on the event or crisis at hand. It is a relief to know exactly where to find foremost medical and insurance information, burial papers, real estate deeds, forces records, safe deposit keys, financial accounts and wills. It also helps you get through the crisis faster with the smoothest transition inherent inspecting the circumstances.
Although it will take a dinky time, it is not difficult to obtain and create your vital information. That is why it is so foremost to start right now.
The key is to break the process down into uncomplicated fact conferrence sessions where the whole house can get involved. After getting all of your foremost documents and data in order, you store them in a safe place.
Following is a quick, easy-to-use plan for organizing your vital records... And your life.
Home
The first thing you need to do is have all your foremost household documents, files and papers organized and easily ready so you and your loved ones can find this data without issue.
Make a unblemished narrative of personal data for each member of your family. Include name, address, group protection number, marital status, etc. Be sure to Include data about aging parents if you are responsible for their care (power of attorney, medical info, elder care details, etc.).
Make an catalogue of the contents in your home and any items in storage. Maintain this catalogue with photographs, video recordings and licensed appraisals when possible.
generate a list and narrative of all real estate you own. uncover and create deeds, leases and title information. Include all properties such as residential, rental, investment, commercial and time-shares.
uncover and create all insurance records (life, health, accident, business, etc.).
Make a list together with names, addresses and phone numbers of all assistance providers and advisers (plumber, electrician, doctor, dentist, lawyers, accountant, insurance agents, etc.)
Make a list together with names, addresses and phone numbers of all domestic hires (nannies, caregivers, housekeepers, gardeners, etc).
Make a list of all online accounts and passwords. This is especially foremost for financial accounts such as bank, speculation and withdrawal accounts.
Health
Having your health data easily ready is not only prudent, it can be a lifesaver in the event of an emergency. This is especially true for individuals with acute illnesses, disabilities and older adults.
Make a file with medical history for each member of your family. Be sure to Include date of birth, current height/weight, allergies, blood type and past or current illnesses.
Make a list of doctors and their specialties, pharmacies used, health insurers and local hospital information. Include addresses and phone numbers.
Make and post an crisis caress list. Put it in an inescapable location such as on the refrigerator door, inside a cabinet or above a kitchen phone. Include names and addresses for house members, doctors and all crisis contacts.
Make and verbalize an strict list of current prescriptions and pharmacies.
Assets
Protect your loved ones with true and organized narrative holding in increasing to financial and estate planning. This will help ensure you minimize taxes and asset loss.
Keep an updated list of all assets and liabilities.
Keep one copy and give an additional one to a trusted adviser and or a relative.
uncover and create all asset associated documents (investments, retirement, insurances, etc.).
Make a list of every insurance policy you own. Include benefit, prime and customer assistance data for each.
Plan to lose your wallet! Make a list of all credit, Atm and insurance cards along with phone numbers for cancellation and replacement.
Have your income and dividend checks deposited directly into your bank account. It is easy, obtain and eliminates lost or stolen checks.
catalogue the contents of your protection deposit box and store the data in a safe place. Do not keep whatever in your safe deposit box that you need immediate access to such as an customary will, cemetery deed, burial instructions, etc.
If you use a safe in the home to store foremost records and assets, be sure it is fireproof and that someone you trust has the compound or key to gain access.
Estate Planning
The best way to safe your current lifestyle is to make personal and financial arrangements before life-changing events occur. This is the only way to be sure your wishes are carried out in the event of disability or death. Please note: it is best to seek the guidance of an estate lawyer and financial adviser when planning your estate.
Make a will or revocable living trust now, while you are able to make timely and competent decisions.
designate a power of attorney for those circumstances where you may be temporarily or permanently disabled.
get ready a living will and health care proxy that by comparison your wishes regarding synthetic life-support measures. Be as detailed as possible.
Store your will and health care proxy documents in an organized filing theory with other vital records.
pick a guardian or guardians for minor children and make standard financial provisions for them.
Uncle Sam
Whether a expert prepares your taxes or you get ready them yourself, it is foremost to keep and create all data needed to file returns. Maintaining good tax records throughout the year will alleviate tax time jitters and save you a vital whole of time.
Set up a grass catch file to hold all tax associated documents for the current year. Include medical receipts, real estate receipts, company expenses, speculation expenses, Irs 1099s, W-2, K-1 and stock buy/sell confirmations. create and store completed tax returns and supporting documents by year in a permanent location. narrative where copies of the last three years of returns can be placed along with the name, address and telephone whole of your accountant or preparer. Maintain tax records, bank statements, deposit slips, canceled checks and reputation card statements for three to seven years. Be sure to pay all federal, state, local and real estate tax liabilities on time to avoid late fees and penalties. Keep records and receipts for all home improvements. This is still a great tax deduction when you sell your home. Have your tax refund electronically deposited into an interest bearing bank account. This saves time and you start earning interest immediately.
Of course, there are other activities and documents you should Include when organizing your life. But the uncomplicated plan outlined here includes the most foremost things you need to consider.
So what are you waiting for? Get organized this January and enjoy your best year ever!
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