Broker Check

Do You Have a Financial Emergency Kit?

| April 19, 2021
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When we think of emergency preparedness, flashlights, bottled water, and first aid kits immediately come to mind. While having a physical emergency supply kit on hand is an important first step when disaster hits, being financially prepared is just as critical for reducing stress and taking action when the unexpected occurs. Start by gathering important financial information and copies of documents, including:

  • A list of financial institutions, accounts, and usernames and passwords for online access
  • Homeowner, auto, and life insurance policies 
  • Wills, power of attorney(s) and other estate planning documents
  • Checks and adequate cash in the event ATMs and cash registers are inoperable due to power outages

Also consider the following tips: 

  • Don’t rely solely on mobile apps to access account information as it may be difficult to charge mobile devices in a widespread power outage. 
  • Make sure your financial preparedness kit is in a secure but accessible location so you can quickly grab it and go when needed. 
  • Always keep original copies of wills, estate planning documents, insurance certificates, passports, deeds, titles, and other important papers in a secure location, such as a bank safe deposit box or a waterproof/fireproof safe. 

If you’d like to learn more about financial preparedness, including asset protection and financial risk management strategies, reach out today to schedule a consultation.

This communication is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.

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