It Can Happen to You

iv>* How do I collect social security?
"It Can Happen to You"by: Joyce Moseley Pierce* Whose advice can I trust?
You see it every day on the news. You get up andIf you don’t know the answers to these
turn thetv on in the morning and learn that while youquestions, now is agood time for you to start
were sleeping,others were involved in accidents thatthinking about them. What are somethings you can
caused their death. As onefriend put it, "You watchdo to be better prepared for these situations?
the news and think that somehow yourfamily is1. Talk to your spouse (and don’t forget your
protected from these tragedies. After all,parents) and explainthe importance of working
thesepeople don't live in your neighborhood. Theytogether to put this informationtogether now.
come from adifferent social class. They were in theAccidents aren’t something we schedule!
wrong place atthe wrong time." It wasn't until his 212. Gather important papers. Include birth
year-old sister waskilled in a skiing accident that hecertificates,pre-paid funeral arrangements, military
realized that all ofhis justifications were wrong. Yourrecords, current bankand credit card statements,
family most certainlycan be affected.wills, safe deposit information
Donna had asked her husband to write some things(bank, box number, authorized signers, contents),
down forher before his flight to the Middle Eastemploymentinformation - insurance, savings plans,
several years ago.retirement accounts, etc.,savings account
He scratched some things out on the back of anstatements, stock certificates, loan
envelope andtold her she was being silly. He returnedagreements,automobile titles, health and life insurance.
from that trip,but a few short months later was killed3. Discuss the disposition of personal items. This
by a drunk driver.willhelp avoid family feuds when it comes time to
At least Donna had something to start with, but shedecide who shouldget grandfather's watch or
wasn'tprepared for all of the questions the funeralmother's pearls.
home firedat her. She knew what bank accounts4. Make copies of these documents and file the
they had, and had helpedwith paying the bills overoriginalsin a safe place. A fireproof safe at home is
the years, but what about funeralarrangements? Didrecommendedso you'll have access to them on the
he want to be buried in Louisiana with hisparents, orweekend. You might evenconsider scanning them and
here in Texas where she and her familysaving them to a CD.
lived?cremation or burial? What about the obituary5. Keep the information up to date. Decide to go
for thenewspaper? Did she have all of the accuratethroughthese records at least annually to make sure
informationthey needed to write it?the informationhasn't changed. Take this opportunity
Her emotions were raw as she tried to deal with theto discard outdatedinformation.
realityof it all. Was this all just a bad dream that6. Make sure someone in your family, and a trusted
would soonend? She just wanted to go home andfamilyfriend, knows where this information is stored
grieve, but there weretoo many things to thinkso it can beretrieved at a moment's notice. The
about.fireproof box is a goodplace to keep it along with
* How long will it take to settle the estate?your original documents, but besure to put it back
* Will I have enough cash to live on until then?each time you update the information.
* Will the insurance come before they foreclose onYou are doing your family a disservice if you don't
the house?prepare thisinformation for them while you're able. It
* Where is the real copy of the will?doesn’t make senseto provide for them
* How can I prove stock ownership?throughout your life, only to leave themstruggling
* Do I know about all bank accounts and insurancewhen they need your guidance more than ever.
policies?