Section 2.2 Documentation 51
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Up-to-Date Information
Along with other important documents, keep financial documents handy
for yourself and for anyone you designate to handle your financial and legal
affairs if you become unable to do so. Keep the following items in a secure
place.
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name of the financial institution where each account is located
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dates, names of persons authorized to use each account, and numbers to
call for lost cards
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passwords for online accounts
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funds with identifying numbers, names of issuers, estimated values,
purchase prices and dates, names of brokers, and locations of certificates
and accounts
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papers, insurance policies with claims information, mortgage papers,
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plans and employee benefit documents, and Social Security and
Medicare records
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business partners or co-owners, real estate brokers, and others who
should be consulted in the management of your legal and financial
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estimated market values, appraisals, and details of purchases
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features, use and care, and servicing options
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will, which outlines provisions for dependents, disposal of property
and possessions, other wishes you want carried out if you die, and
instructions to be followed if you are incapacitated
Make your recordkeeping system simple and convenient. You can keep
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in one place. Some people keep their most important financial and legal
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home files. These procedures will be more significant when you deal with the
details of adult life.
Information stored on your computer needs to be organized, secure, and
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As you go to work or
school each day, you
may encounter others
who categorize people
using biased words and
comments. Using age,
gender, race, disability,
or ethnicity as a way
to describe others is
unethical and sometimes
even illegal. Use bias-free
language in all of your
communications, whether
verbal or printed, to show
respect for others.
Ethics