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If you’re like most people, you aren’t eager to spend time thinking about what would happen if you became unable to direct your own medical care because of illness, an accident, or advanced age. However, if you don’t do at least a little bit of planning — writing down your wishes about the kinds of […]

Your health care directives — including your living will and power of attorney for health care — might be the most important estate planning documents you ever make. Giving your family clear, written direction about your end-of-life wishes can spare them anguish — and make sure you get the kind of care you want. With […]

The 4 legal documents every adult should have One part of being responsible to your family and friends is having the right legal documents in place to protect them if something happens to you. Most people procrastinate doing this because they think it’ll be expensive or time consuming–and, of course, preparing for tragedy isn’t cheery.…

Day 14

Personal Property

Welcome to Day 14! 

Today you will compile Info on your Personal Property.

If you have the Yup I’m Dead…Now What? Book, you can find it in Chapter 15.

In this Chapter, you will document a your Real Estate owned, Rentals, Vehicles, Heirlooms and Personal Items, Firearms, Storage Units, Safe, Safe Deposit Boxes and any hidden treasures you may have. 🙂 I smirk about the hidden treasures, because ever since I’ve known by husband (23+ years), he has been talking about how it would be something if we found a hidden treasure? Maybe I’ll fulfill his dream and hide a box full of coins for him. ;0)

Real Estate – The easy part is documenting the details. You will go through Chapter 15 and document key details of property you own and location of legal documents.

Vehicles: Cars, Boats, etc. – Same here. Easy Peasy.

Heirlooms and Personal Items – This is where it may get a little trickier. If you have one child. It may be easier to decide who gets what. My goal is to avoid any family conflict. I want my children to continue to have their close relationship after I’m gone, so my plan is to talk about it up front, and avoid surprises.

Here’s a couple articles to help you.

How to Manage Family Heirlooms

Why are Heirlooms the Source of Family Conflict?

Firearms – Many people are lawful firearms owners. They may own guns for personal protection, as part of a collection, or for hunting. My husband has a collection of guns that many would love to have. When firearms are included in an estate, many questions come up. Read What Happens to Firearms in an Estate here.

Storage Units – If you have a storage unit, please note that state laws differ in how it will be dealt with when you “depart this joint”. Family members who do not possess a key or have an entry code are usually not allowed to access the unit even with the Manager present. In this case, the family or friends must continue to pay the rent on the unit to avoid foreclosure of the contents until they can gain access. The best way to avoid this is to be sure trusted family members are aware of the Storage Unit, and where the key or code is located.

Safe – What good is securing your important items, if no one can access when you “ditch this joint”? Be sure trusted family members know the location of keys and combination and what is located in the safe.

Safe Deposit Box – If you are incapacitated and someone co-owns a safe deposit box with you, their access is unaffected if you are Zombified. You can read more about access in Chapter 15 of the Yup I’m Dead…Now What? Book. DO NOT STORE YOUR ORIGINAL WILL IN YOUR SAFE DEPOSIT BOX! A copy is fine. But in some states, your box is sealed for a few weeks following your departure.

Phew! That was long Day 14! Tomorrow you will be at the 1/2 way point.

Next up – Day 15 – Insurance

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