In the course of Estate Planning with clients, we always discuss the importance of an “emergency file” to act as a road map for your Personal Representatives appointed under a Will, or Agents appointed under a Power of Attorney. (Emergency files aren’t a bad idea for our own personal organization either!) More of our accounts and personal information are stored online with passwords, and internet security concerns dictate the use of multiple passwords and the regular change of those passwords to keep our digital information safe. If you can hardly keep up with your own list of accounts and passwords, how difficult will it be for your Personal Representatives or Agents to guess the information? Solid planning includes more than Wills, or Trusts, and Powers of Attorney. The planning includes an emergency file, and this article provides a good discussion of the issue.
http://www.usatoday.com/story/money/personalfinance/2014/05/25/wall-st-cheat-sheet-estate-planning/9513293/
Please note my new contact information below. I have joined the Douglas County law firm of Folkestad Fazekas Barrick & Patoile, P.C., as of August 4, 2014, and if you have any questions about Colorado Personal Representative laws or estate planning issues of any kind, please contact me for a free initial telephone consultation at 303-688-3045. Thank you.
Kathryn T. James
Attorney at Law
FOLKESTAD FAZEKAS BARRICK & PATOILE, P.C.
18 South Wilcox Street, Suite 200
Castle Rock, Colorado 80104-1909
EMAIL KATHRYN JAMES (By sending any email you are agreeing to the Terms of Use)
Phone: 303.688.3045
Fax: 303.688.3189
