When my daughter was suddenly killed in a car crash I was overcome with grief. She was 45 years old, finally at a secure place in life, excited about her children and her job. My father-in-law died on the same weekend and, though we expected his death, it was still a shock. I am co-executor of my daughter’s estate.
I would not recommend storing vital documents such as your will, birth certificate, etc. in the Memory Box. Those items should either be stored in a Safe deposit box for sale at the bank, or at home in a fire resistant box (remember, there is no such thing as a fireproof box for the home!). Some people store their vital documents in a regular file folder in their filing cabinet, and keep copies (or the originals) in a separate location. In the event that an emergency causes a very quick evacuation, the people and pets go out first, followed by the vital documents, and then the Memory Boxes.
There are two assets that seem to constantly act like safe-havens. Gold and Treasuries were the only ones to rise during bear markets and the last two recessions.
OInvest in a jewelry travel case that rolls up. This will keep jewelry from falling out and getting lost in transit. Cases are available in different styles so that you can choose one for the amount and type of jewelry you normally take with you when you travel.
This is also the time of year when we start shopping for gifts and the last thing you need is for your bank or credit card accounts to be stolen by “cyber grifters”. They are counting on some of us to follow the instructions in the email.
In the very latest high-tech safe deposit boxes, there is no key. These safe-deposit boxes can be opened only with fingerprint scans. Another solution is to use boxes in places where they have combination locks. Experienced safe-crackers are good at opening combo-locks. They are less secure than complex keys – in our experience. We are likewise not keen on secret memorized numbers. Why? Because we have more than once forgotten an important combination or password.
11. Stay in contact with your probate attorney. The estate can pay his fees, but you must be sure that what you’re doing is within the law. Ignorance is no excuse.