Blackbox
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Are you ready… to die tonight? |
Sorry; for asking such as question but God forbid; if this were to really happen, are you really ready?
While living life we tend to forget how important or rather how detrimental the situation can be, in case of the absence of the main person of the household, who handles the finance. The more a person has, the more it is spread across more are the hassles and problems. The family may need to go through hell if things are not organised properly during your life. The loss of a family member is an emotional trauma which cannot be reduced.
However we CAN reduce the nightmare of the family wading through papers, statements, cupboards, lockers and computers; to try and fathom what is where.
What are we talking about?
Simply put; we are talking about getting the house in order. We are talking about making a ‘Black Box’
The Black Box
► Critical aspect of planning resolved by putting all financial details of family together in a single location viz; Black Box.
► Every detail right from bank accounts, credit cards, loan accounts, insurance policies, bank locker details, to IDs and passwords, to FDs, to nominations, demat accounts, original agreements of purchase of real estate, details of Wills and other contracts etc., everything placed and held together
► Contact numbers of important people who would be helpful in case of an emergency the financial planner, CA, the family advocate, bank contact numbers and the like.
► Helps you to identify things that were overlooked
► Serves as a special diary for all annual financial liabilities and commitments
► Helps you to collate all the relevant original papers, sale agreements, share certificates, policies etc to be put together at one place.
We can also assist you be being executors and custodians of your Black Box should you so desire. All said and done the relief felt after doing this exercise will be priceless.
