What do you do with your estate documents?

| Sep 19, 2019 | Estate Planning

You’ve been smart and you’re prepared — you’ve been to an attorney and have your estate plans drawn up, including a will and powers of attorney for financial matters and health care.

Now, what do you do with all the paperwork? You want to keep things secure — but you also want to make sure that your heirs have access to whatever they need to handle your final affairs.

Safety boxes at banks have long been a preferred method of storage for important papers — but they’re not good places for documents like your powers of attorney and a living will. Those kinds of documents need to be accessible in an emergency, and you can’t count on emergencies to happen during banking hours.

In addition, storing things in a safety deposit box is tricky if you want someone besides you to be able to access them. Unless you have a co-owner on the record, no one can access the safety deposit box once you’ve died. If you do have a co-owner, you’re automatically giving that person unfettered access to whatever else you keep in the box, which may not be convenient for you.

Some people turn to home safes or filing cabinets as an option. If you decide to go that route, just make sure that your heirs and executor know where to find the keys and how to get the documents out safely. It may be wise to make a copy of everything and have it stored electronically, as well.

For more ideas on what to do about your most important end-of-life documents, talk to your estate planning or elder law attorney for advice.

Get Started By Contacting Our Firm

How We Are Different

Excellence
We strive to become one of the most sought-after providers of legal services in the Metropolitan Detroit area.
Service
We endeavor to meet or exceed the expectations of our clients in all aspects of their legal representation.
Encouragement
We promote a collegial atmosphere in which all individuals are encouraged to learn, improve and excel and to become leaders in the legal, business and civic communities.
Community
We will pursue our belief that individuals with a sense of family and community and with interests outside the practice of law are better for it.
Creighton McLean & Shea PLC

14881 Farmington Road
| Livonia, MI 48154

Phone: 734-245-9289  Fax: 734-422-0461