A good checklist found in a recent article in Money Magazine is below. These are items that you should discuss with your parents - at any age. You don't need all the info now, but you should know how to find it:
-Will
-Life Insurance Policies
-Long-Term-Care Policies
-Banking & Brokerage Accounts
-Social Security Cards
-Medicare & Insurance Cards
-Doctor's Names & Numbers
-List of Medications
-Lawyer & Accountant Numbers
Seems pretty basic, but helpful to review. I mention it here because of the frequency with which I work with people who have lost their parents, and are facing major financial implications that we are coordinating through strategic mortgage planning. Its not a fun topic to discuss, but help yourself by cutting out some of the chaos that ensues when you cannot find the items listed above.
Real Estate Finance & Mortgage Planning
San Francisco
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