Nick Perry explains how to set up an "in case of death" folder for your family. Organize five categories: identity documents, legal papers, financial assets, property deeds, and digital accounts including crypto wallets. Share the folder with family so they know where everything is.
If you don't have this, you are not ready to die, especially as a parent or adult responsible for other people. It's called an in case of death folder, and it's the biggest key that you can pass on to your family after you're gone. So here's how to structure it. One folder. Five subfolders. In the first subfolder are your identity documents. What you must add here is the birth certificate, the marriage certificate, and the divorce decree, if any. Because these are the documents upon which a lot of disputes happen after a person is gone. The second subfolder is for legal documents. This is where you put your register, registered will and succession certificate for all the movable properties that you have. Then comes the third subfolder, which is for financial assets. I'm not just talking about bank accounts and mutual funds. I'm also talking about things like insurance policies too. After that comes the fourth subfolder, which is for all your property documents, the mother deed, the title deed, all the utility documents. If you own rental properties, you might want to add the tenancy agreements, because sometimes tenants decide to not leave the property after the owner passes on. And then last but not least, is the folder for all the digital asset things like Your domain names, URLs, emails, and any crypto wallets that you have. So before you pass on, get that in order and before you scroll, share this with someone who may need it.
