We all dream of a day when we will have everything in order. A place for everything and everything in its place. Then we will enjoy peace of mind. Yet, despite good intentions, many of us leave behind scattered documents and a financial scavenger hunt for our heirs, an additional burden at a difficult time. Is this the legacy you want to leave to your family?
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A Cautionary Tale: The Executors
An elderly widow of modest means died after a short illness. She had hastily done a will and chosen co-executors during a previous illness. However, she did not communicate with her executors about her intentions or her assets. When she died, they were not prepared with records of her assets or their location. Nothing was organized. When they went to her house, they discovered that it was filled to the rafters--with canned goods to sewing kits to clothes to stationery--and hardly a place to sit down. The mail and other documents such as bank statements were piled in the kitchen and in the dining room and in the bedroom. Jewelry was hidden around the house and a diamond ring had rolled under the bed. As they began to empty the bedroom closet, they discovered a safe, but had no idea what the combination was. The executors took months to clear out the house and settle the estate. Things could have been different if only the widow had her affairs in order.
Who would you be in this story? The one who left a mess behind? Or the ones who cleaned it up? Who in your family do you see in this story?
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