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Is there some sort program to record information for survivors when someone dies?
July 27th, 2010
My boss wants me to try to find some sort of program that he can record information that his wife would need if he were to (and I quote him) ‘kick the bucket.’ He’s had the books where he’d fill out the blanks and all that, but he doesn’t like writing it all out. He wants some sort of computer program or spreadsheet that she can access by internet or disc. He would want something that he could record business information as well as all their personal stuff…insurance, banks, bills…everything. She’d be completely lost if anything were to happen to him because he is the one that handles EVERYTHING. So, if anyone knows of anything, I’d appreciate it! Thanks!
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July 27th, 2010
The first thing I would do is an Internet search looking for programs that have wills or trusts contained in them. There are a few good ones out there. You might have him ask other business associates what they might do or use.
Suzie Orman offers a "Protection Portfolio" that will help organize the various financial information you mentioned. It comes with a disk for doing everything on the computer and has a workbook to help along the way.
Owning a business myself, it can be a daunting task to enter in all the information and then what does his wife do with it after he "cashes in all his chips".
My suggestion would be for your boss to get in touch with a good estate lawyer and set up a living trust. They know all the right questions to ask to protect him and his wife when dies. If he just puts everything in writing it doesn’t have any legal standing as to who gets what if it is not done properly. What happens to his business and other property if they are both killed?
My vote would be to get professional legal help. I feel that it is the only sure way to protect his wife and all his assets. The lawyer can help answer any questions she might have regarding her husbands wishes and he intent "After he meets his Maker".
When he eventually "Bites the bullet" he will be shocked by all the Vultures trying to get a piece of his financial carcass.
A good Estate lawyer is not cheap but neither is a long drawn out legal battle to settle the matter of PROBATE! It also keeps the Gov’t from taking a big share of the pie.
July 27th, 2010
Most funeral homes, lawyers, and life insurance agents will have something.