8. Insurance Documents
You may possess several forms of insurance, including health insurance, life insurance, homeowner’s insurance, and auto insurance. Keep these records well maintained and organized so they are easy to find in the event of a medical emergency, natural disaster, accident, or theft. Information contained within these documents includes account numbers, policy numbers, deductibles, and types of coverage.
7. Living Will
A living will is a legal document that lays out your wishes for medical treatment in the event you become unable to make your wishes known. A living will is beneficial for individuals of all ages since a devastating injury can occur at any time. According to the American Cancer Society, a living will outlines your instructions regarding medical equipment, resuscitation, IV fluids, and pain medications. This provides your family with peace of mind if they must make medical decisions on your behalf. Make sure your family members know where to find this important document.
6. Power of Attorney (POA) Records
A POA document is a legal document that allows you to assign a trusted friend, family member, or organization to make decisions for you. This ensures that decisions made on your behalf are made by persons you trust. According to LegalZoom, there are different types of POA. Different types of POA include General POA, Special POA, Healthcare POA, and Durable POA. You may set up a POA to manage your personal finances, healthcare, or business transactions. In any case, you will want to keep these documents easily accessible should they be needed.