Where to Keep Your Estate Planning Documents?
Keep your estate planning documents in a safe place. You want to make sure, though, that you keep them in a place that can be found by your relatives after you die. Or, better yet, make sure to tell your family where you keep your documents.
It may be a good idea to keep your documents in a fireproof safe at home. Some people give their documents to a person named in their documents, but this may not be the best idea. For example, if you decide to update your documents, it can be difficult to track down and destroy the old documents. If you’re unable to destroy all the old documents, it can get confusing about which documents are your most current.
It’s definitely not a good idea to keep your estate planning documents in a bank safety deposit box. If something happens to you over the weekend or holiday, your estate planning documents are not easily accessible. Also, it can be difficult for another person to gain access to the safety deposit box if you’re not available. The best place to store your estate planning documents is at home in a safe but accessible place with your other legal documents.