Your Master List: A Guide for Your Family, Agent, and Executor

If you were to become incapacitated or die tomorrow, would your spouse, agent (the person you granted power of attorney), or executor be able to easily take over your financial affairs? Would they know about all of your financial assets and debts-or would they spend considerable time hunting them down, never quite certain that they'd found everything?

To help ensure a smooth transition, consider preparing a master list of all the information someone may need to manage your financial affairs or distribute your estate. Here are some of the things you many want to include on your list.

Once your list is complete, there are three things left to do: 1) keep the list safe, 2) keep it updated, and 3) let a trusted person know where to find it.



If you create your master list on paper, keep it locked up and let someone you trust know where the key is. If you create a digital document, protect it with a password and let someone know the name of the file, its location, and its password or where they can locate the password when they need it. Taking these steps now can make a big difference to your family, agent, and executor later on.

Article published in September/October 2021 edition of Eye on Money. If you would like to be added to our mail list please email jennifer@dh-cpa.com.