The recent passing of my father resulted in many things. A funeral, speeches that tried to summarize his life (as if one can summarize a life within a few minutes), burial, grief and mourning. It also resulted in one of the largest, most complex and challenging documentation projects I have ever encountered.
My father was a brilliant man, university educated, successful, intelligent, a great speaker, and also extremely organized. He left behind various papers contained in two 2-drawer filing cabinets, two small lockboxes, and a couple of cardboard boxes. The paperwork included various legal, insurance, tax and financial information, bills and statements, and other assorted papers. I estimated there was about 3,000 pieces of paper in total; a literal tsunami of documentation.
Now, to be fair, it was somewhat organized. Items were placed in drawers marked for the lawyer and the accountant. However, when I began actually reviewing the papers, I discovered that the collection was sheer chaos.
The main problem was that there were many papers which did not need to be retained. These included bills and statements that were many years old and therefore had no value. In addition, there were many of the informational inserts and brochures that come with statements which are generally quite useless. You can find the information within these either online or through a phone call. I estimated that I discarded almost 95% of all the papers, filling several garbage bags.
The remaining papers had to be meticulously examined and properly filed. I purchased several cardboard banker’s boxes and a box of 100 legal-size file folders and began organizing the papers into individual folders, such as: Banking, Insurance, Investments, Utility Bills, Legal, Tax, and so on. The entire process took about three full days. I had to reverse-engineer what my father was thinking, and then organize the papers accordingly.
However, that was not the end of the project. For the purpose of organizing all these papers was so that that my mother could bring them to her various professionals (her lawyer, financial advisor and accountant) and be able to easily supply them the required documents. Organizing the documentation was not enough. I also had to create an entire set of electronic documents that described these paper documents, how to manage them, questions to ask her professionals, important things to do and so on. I also created documents of a more personal nature, including links to the various obituaries and speeches, and inspirational information, a sort of “Widow’s Toolkit”. It sounds strange, but my mother found it helpful.
However, this is not not the end of this documentation project. My mother and I will continue to work together so that when the time comes, all of her paperwork and information will be in order. Never again do I want to go through the pain of organizing a mountain of information after a parent has died. It is an unbearably tedious and painful task.
Therefore, everyone, no matter what age, should organize all the information that is important in their life. This includes:
- A to do list describing everything that needs to be done upon your death.
- A list with phone numbers of all your important contacts including your lawyer, accountant, financial advisor, spiritual leader (priest, rabbi, imam, and so on) and your primary doctor.
- Information about all your bank accounts, credit cards and financial investments.
- Documents for your lawyer – your will, marriage, birth certificate, passport, health card, and power of attorney in this folder
- Life insurance information, policies and amounts
- Tax documents for your accountant – these include old tax returns and related documents, which you must keep for 7 years
- A living will describing how you want to be treated if you are terminally ill, instructions for your funeral, and any parting words for your loved ones
- Your home and auto and insurance policies
- Logins and passwords – these should be stored in a password protected document and should include not only your online passwords, but passwords for your phone, tablet, computers and any of your other devices that require a password
- Info about your Canada Pension Plan, Old Age Security, or any other pensions you have
- Health plan information
- A list of all calling cards, rewards cards, memberships and subscriptions
- Documents related to your property: the house sale, deed, mortgage, assessment, letters of sale, and land survey
- If you have pre-planned your funeral (which is advisable to do to spare your family a financial and emotional burden), information about the funeral home and the package you have selected
- TV, phone, realty tax, hydro, gas and other utility bills
- Miscellaneous documents
- Warranties and any other important bills
Any financial, banking, insurance, legal, tax and other important information should include:
- the name of the institution
- the account number(s)
- the balance of the account (if applicable)
- the name and phone number of the primary contact
Organize the printed documents in a clear, easy to follow file folder system, with the folders in alphabetical order. At the start of every year, discard any documents you don’t need.
Maintain as much information as you can in a single password-protected Word document, then give your loved ones that password! Review this document every year (perhaps on your birthday) to ensure it’s up to date.
By documenting your life, you’ll ensure that your relatives will not have to go through the pain, frustration and anguish of having to sort through, decipher and decode this mountain of information.
In doing so, you’ll finally solve life’s ultimate documentation problem. And don’t you want to enter heaven with all your docs organized?