Comments on: Money Tip: Keep a one page account summary

By: Thicken My Wallet » Blog Archive » Tips on organizing your estate

Thicken My Wallet » Blog Archive » Tips on organizing your estate — Mon, 30 Nov 2009 09:03:05 +0000

[...] Capitalist recently wrote about the issues of settling an estate where the details of the deceased was not easily findable. This post expands on the topic by [...]

By: Prime – 0.25% for MDJ Readers and Weekend Links | Million Dollar Journey

Fri, 23 Oct 2009 10:30:23 +0000

[...] Money Tip: Keep a one page account summary @ Canadian Capitalist [...]

By: CanadianInvestor

CanadianInvestor — Fri, 23 Oct 2009 08:08:01 +0000

This should be no.1 on the estate planning checklist. Trying to find stuff can consume a ridiculous amount of time in an executor’s job.

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Fri, 23 Oct 2009 01:15:56 +0000

[...] The Canadian Capitalist recently had to help settle a loved one’s estate and shares some valuable advice from his experience. [...]

By: Phil S

Phil S — Wed, 21 Oct 2009 01:01:20 +0000

I guess I’m still walking with the dinosaurs when I say that I just have my own Excel spreadsheet files for tracking all of my bank accounts. And the first page of my Excel sheet is a summary page showing current status of everything. Of course I have 3 files, one for my CDN account, US account and one for my corporate account.

By: uberVU - social comments

uberVU - social comments — Tue, 20 Oct 2009 04:42:51 +0000

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By: The Rat

The Rat — Tue, 20 Oct 2009 02:40:40 +0000

Great tip that is often overlooked

By: Canadian Capitalist

Canadian Capitalist — Mon, 19 Oct 2009 18:52:22 +0000

@brad: Interesting tidbit about Quicken. I use Money and to my knowledge it doesn’t have anything on emergency records. I’m planning on simply updating account information when I draw up our net worth statement.

@Ben: Yep, it probably takes a bit longer the first time around but updating the records should be a breeze.

@M K: It’s natural to procrastinate things such as this but also saves so much trouble for loved ones at a very stressful time when at least the financials are clear.

@pete: Actually, our relative tried to have conversations about his estate but the beneficiaries weren’t paying much attention! Still, a summary document would have been very handy.

By: pete

pete — Mon, 19 Oct 2009 17:46:01 +0000

had that very conversation with my dad about a year ago.

A bit awkward at first, but we both realized I’ll be the one to deal with this stuff. To see it all on one 8.5 x 11 piece of handwritten paper made me feel a bit better.

By: M K

M K — Mon, 19 Oct 2009 16:24:27 +0000

good idea. I was involved for a number of years doing power-of-attorney type activities, and I always did this as a matter of course, knowing (and expecting) that it would be needed by the lawyers in short order once the person passed away.
As a result, my POA records were always much better organized than those for my own accounts….go figure.
Good tip—-I need to do it for myself (and my wife) as well.