Layout:
Home > Follow-up to Legacy Drawer Completion

Follow-up to Legacy Drawer Completion

March 14th, 2013 at 09:33 pm

Last month I completed my legacy drawer and the last items I was waiting for were the updated deeds to my primary home and rental property. I received the last deed in the mail a couple days ago and for some reason I decided to contact my insurance agent to find out if it mattered or not that both homes have now been placed in my living trust.

Come to find out it did. Since the homes are underneath my trust, the insurance company stated that the trust has to be named as "additional insured" They stated this just shows who owns the home and if there ever is a claim against the properties, the check would be made out to the owner(which is now my trust). Since I'm the trustee of my trust, I shouldn't have any problems cashing any checks that are provided.

I just wanted to pass along this bit of info to say make sure you check with your insurance agents if you have property in a trust.


Financial Tidbits: I finally got paid for 2 ebay items that sold over the weekend. That netted $17.50. I have two items set to close on Sunday and 1 already has a bid with 6 watchers. I also got paid $3 from Pinecone

March Snowflakes:$56.47

5 Responses to “Follow-up to Legacy Drawer Completion”

  1. Wino Says:
    1363298020

    Good to know about the trust and insurance. I have been considering doing the legacy drawer, as well, after reading your blog. DW and I have no idea of each other's passwords, so we would have no idea how to get into our accounts online (the only way from here) if one of us were to need to access them. I'm mostly at fault, as I have memorized a bunch of 3 and 4 character random strings of digits and letters, and re-combine them in different ways for my passwords. It makes it easy for me to remember them, but hard for any hacker to guess or normal people to remember them.

  2. snafu Says:
    1363298616

    Our banks are now asking we change our password every 90 days. It's got us all in a tizzy as it's too much change - they don't let us use previously used PW and want a combination of letters, numbers and symbols.

  3. Beawealthywarrior Says:
    1363299004

    @Wino, the first thing I created was an excel file that contained my account # and passwords. I printed it out and included it in my drawer. This might be a great place for you to start Smile

  4. Wino Says:
    1363299076

    BAWW, I disagree. The safest place for my PW's is in my head. I don't like writing down passwords that are unencrypted. I think a written password is worthless.

  5. Beawealthywarrior Says:
    1363299244

    I understand but this planning is for your loved ones after you're gone. It won't do much good in your head then. As long as you have some sort of plan that works best for you and your family that's truly all that matters. Good luck

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]