Sign and notarize this form as soon as it’s done!
In this document, my mom named me as her agent and granted general authority. She also designated Successor Agents, in case I was unable or unwilling to act for her.
It’s fairly self-explanatory, and hers was easy because she just initialed next to “All preceding subjects.”
It’s important to note, though, that this document only remains in effect while the person (the “principal”) is still living. From my understanding, a will is still needed for after the person is deceased. But had my mom been incapacitated at any point, I would have been able to present this document to anyone who needed verification as I acted on her behalf.
- Schedule of Personal Assets & Finances, with contact information for financial advisor, if applicable (Download)
This isn’t as complicated as it sounds. Here’s a breakdown of what was included in my mom’s:
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- Bulleted list of assets with significant value: home(s), vehicle(s), bank accounts, furniture (my mom included her piano), electronics, art, etc.
**Make notes of the location for items that may not be easy to find (i.e., deed to the home). - Life Insurance Policies/Financial Assets
- List of Current Creditors
- Instructions for bills
- Additional Information
- Bulleted list of assets with significant value: home(s), vehicle(s), bank accounts, furniture (my mom included her piano), electronics, art, etc.
I mentioned the “Additional Information” section in the first “San’s Envelope” post. In my mom’s, she listed the following:
- Key to Safe is… [Include the address as well]
- Phone Unlock:
- Keeper App Master Code: