Documents to create before death?

Simple living, extreme early retirement, being wealthy, ...
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TopHatFox
Posts: 1944
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Location: FL; 25

Documents to create before death?

Post by TopHatFox » Tue Dec 20, 2016 8:37 pm

Probably a living will, death will, instructions for burial, a "what to do if I'm not conscious" document, etc.

What documents are useful to create while alive? Could be a fun writing project~

James_0011
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Joined: Wed Nov 09, 2016 12:00 am

Re: Documents to create before death?

Post by James_0011 » Tue Dec 20, 2016 9:59 pm

I'd suggest taking a bunch of magic mushrooms, you'll stop worrying about this 'death' thing.

The Old Man
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Joined: Sat Jun 30, 2012 5:55 pm

Re: Documents to create before death?

Post by The Old Man » Tue Dec 20, 2016 10:31 pm

This would be called Estate Planning. I generally find NOLO to be pretty useful in legal matters.
http://www.nolo.com/legal-encyclopedia/ ... ts-estates

sfchristo
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Location: SF Bay Area, USA

Re: Documents to create before death?

Post by sfchristo » Wed Dec 21, 2016 12:12 pm

Besides the usual: will, living will, advanced health directive, financial and health POA (power of attorney) (depends on your state) I'd add at least one more. A brief document explaining where "everything is"/an inventory of things that would make life MUCH easier for people: lists of passwords, bank accounts, where the safe deposit box is and so on.

The big thing for me was when my father died suddenly at age 57 leaving behind my mother and 4 adult children. He ran a small business for 30 years and it would have been enormously helpful just to know the physical location of various keys and book keeping logs. Plus even a one or two page summary of the nuts and bolts of his daily and monthly business practices would have saved my family enormous guesswork and effort (trying to run, appraise the value, and then sell off the business).

His brother died at 47 leaving a wife, two minor children, and NO will. Oh, and he was my father's business partner - with no partnership agreement. No preset way or guide on how to dissolve the business. This really messed things up in my family - FOREVER (court cases, newly minted "EX" relatives).

So, if your life is simple (you are an unpartnered student or a work-a-day office worker etc) then the standard papers should do it but if you have more complexity, you're doing everyone else a huge service by listing out the whereabouts of keys, bills, accounts, and various other assets.

And setting the record straight will help prevent arguments when nerves are frayed and tensions are high (because you just died) "Says here that Dad wanted to be cremated and have his ashes scattered." That settles the matter. People aren't likely to fight over that. That kind of thing won't be part of a will but it could be part of a paper of final wishes. So much better to write it out and sign it instead of just telling a friend or relative verbally.

Some people won't do any of this because of a deep seated feeling/superstition that by doing it, they'll be giving the universe permission to kill them (or something).

OP: You're not planning on leaving any time soon, are you?

TopHatFox
Posts: 1944
Joined: Thu Oct 17, 2013 10:07 pm
Location: FL; 25

Re: Documents to create before death?

Post by TopHatFox » Wed Dec 21, 2016 3:50 pm

sfchristo wrote:Besides the usual: will, living will, advanced health directive, financial and health POA (power of attorney) (depends on your state) I'd add at least one more. A brief document explaining where "everything is"/an inventory of things that would make life MUCH easier for people: lists of passwords, bank accounts, where the safe deposit box is and so on.
Haha I've been meaning to make the "where everything is" document for a few years now; it'd be nice to know where all the damn passwords are at now. :lol:

And nope, I want to live a GREAT life 'till say, around 100. I want it filled with many loving partners, thru hiking, sailing around the world, fighting for a more equitable and sustainable world, hard work, green tea, and good books. ^^

Scott 2
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Re: Documents to create before death?

Post by Scott 2 » Wed Dec 21, 2016 6:50 pm

The tech savvy people I know use an encrypted password manager tool, like last pass, to track that stuff. Very useful.

batbatmanne
Posts: 31
Joined: Fri Sep 19, 2014 10:35 pm

Re: Documents to create before death?

Post by batbatmanne » Thu Dec 22, 2016 11:36 am

Scott 2 wrote:The tech savvy people I know use an encrypted password manager tool, like last pass, to track that stuff. Very useful.
That sounds like a good idea. Set up a digital dead man's switch that triggers every month or so and releases your master password that gives access to everything.

DonaldButler
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Joined: Thu Dec 22, 2016 4:24 am

Re: Documents to create before death?

Post by DonaldButler » Fri Dec 23, 2016 4:25 am

The simplest and the best thing to do before you die is to create a will so that your family is saved from the possible legal hassles!

BlueNote
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Location: Toronto, Canada

Re: Documents to create before death?

Post by BlueNote » Tue Jan 03, 2017 6:11 pm

I keep a death folder with all the important stuff (account numbers, legal docs, full personal balance sheet etc.)

Safe deposit boxes are pretty much the perfect place to store this kind of stuff.

It was a drag to set it up because you're thinking about dying the whole time but I'm glad I have it. My wife knows exactly where to find the file if I die.

I've seen friends and relatives die without leaving behind any death related documents and it can get MESSY! You'd be surprised at how fast people you barely knew or people you hated will come out of the woodwork to try and get some stuff. One friend who recently passed on had a license to grow marijuana for medical purposes. Very soon after his death someone broke into his home and stole all his legal marijuana paraphernalia (death file wouldn't have helped here). I met an Aunt for the first time at my Grandmothers funeral , she was there to get stuff and collect on her inheritance, I never saw her again (I was surprised that Grandma left her anything).

I used this series of articles as a guide for setting up my death file: http://www.thebluntbeancounter.com/2013 ... -your.html

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