I have to admit that we have NOT done our will yet. Every time we talk about it - it seems we have a disagreement! LOL. If we had birth children there would be no question. I do believe that we have finally come to a consensus of what to do and a will is happening this year.
We do have everything we own in both of our names - so that makes life a lot simpler (in our state) as spouses, if something happens to one of us.
We have many things with beneficiaries added in the event that something would happen to both of us.
G decided to make some forms of his own that enables us to list all important information about banking, insurance, property, etc.
I advise EVERYONE to have some place that ALL your info is together for the sake of your survivors.
I know we all think if there is a will, that is all that needs to be done. Not really - especially if you are incapacitated for some reason or medical attention is needed, etc. I know with just us, that I am not sure exactly where everything is (without going to safety deposit box), like what policy is here or there, and so on.
If you make up a set of forms PLEASE REMEMBER to leave the info off of them while they are on your computer!!!!! You sure wouldn't want someone strange having access to all that info if your were hacked. PRINT BLANK forms and write in your personal information.
We are keeping a copy here (so I have easy access) and we are giving one in a sealed envelope to a trusted family member (our soon to be executor) to keep. He will be instructed to only open in the event of the last death (of G & I).
There are kits that you can get at many funeral homes, that have forms you can fill out similar information on, to help your heirs. If you have an estate lawyer - they probably have forms as well.
I just feel like it is a good idea for WHOEVER is left to have everything (as far as info) all together.
The first big purchase we made together after marrying was our cemetery plots and headstone. Romantic aren't we??? We still keep talking about pre-planning and paying for our funerals - but the only time I feel certain that will happen is when there is only one of us left. I don't want to put that burden on anyone else.
I know a lot of people don't like talking about these things or even thinking about planning for an event of death. They just think it is gruesome or creepy. Just remember - you are at your MOST vulnerable when someone close passes and people CAN and DO take advantage.
Sit down with your partner and get things in order. Make sure that you both know where all your policies are, where all deeds and pertinent information is. Have copies of each other medical insurance cards.
G has medical issues that would limit types of treatment he could receive safely, and that is all written down for me, and in a place that I could grab it, if emergency help was needed. It is a good idea that you have this info with your children as well. We can't all remember everything, especially in a stressful situation.
If you have a special wish that something you own, go to a certain person (jewelry, heirlooms, etc.) - PLEASE make sure your spouse knows. Hopefully they will follow your wishes. If you don't vocalize what you want done - it may not happen.
Please just take time and get your life in order. It will help those left behind without a doubt.