Thursday, July 7, 2011

The Documents You Need Before You Die

The Wall Street Journal has printed a list of the 25 documents you need before you die. They include:
• An original will;
• Proof of ownership for major assets, such as real property and motor vehicles;
• A complete listing of all bank accounts;
• A durable health-care power-of-attorney form;
• Life insurance policies and retirement accounts;
• Marriage and/or divorce papers.

The Journal also gives some advice on where to store these items. However, the laws of each state vary and, in certain jurisdictions, the locations suggested could create legal problems for your heirs.

Therefore, while everyone is strongly encouraged to locate and/or prepare these documents, anyone reading this list should make sure to consult with a competent attorney of their own choosing before following all the advice in this article.