We all want to know that our loved ones will be safe, secure and happy after we die – but one woman has taken her preparations one step further.
A mother-of-five from Australia has created a clever ‘fearless folder’ so her family will know exactly what to do if she gets seriously injured or dies unexpectedly.
Deidre prepared a fireproof safe, which includes documents and her ‘fearless answers’ to a series of ‘important questions that would be asked’ if she were to die.
‘It’s about preparing for the worst so your family is financially protected. You can be perfectly healthy one minute, then be incapacitated the next,’ she said in Mums Who Budget & Save.
She used a checklist from ‘The Barefoot Investor for Families’ book by author Scott Pape, to make sure she had included everything her husband and children would need.
She included her net worth and details about her life insurance policy and income protection.
‘I’m the main financial organiser in my family, if anything happened to me, figuring out all this stuff would be very tough for my husband, and sorting out a financial nightmare is the last thing a grieving person needs.’
Deidre also wrote letters to her husband and five children.
Death is something that most of us like to ignore completely, but getting organised before it’s too late could be an enormous help for the people who depend on you.
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