Tips for Drafting a California Last Will and Testament
Dec 12 2019 0

Storing Your Estate Planning Documents

Formulating an estate plan is something every adult will eventually need to do. The contracts that make up your estate plan are very valuable. For example, a balanced estate plan will incorporate a Power of Attorney and a Last Will and Testament. Both of these documents designate the way in which your assets are to be divided upon your death, and who is allowed to make decisions regarding your finances on your behalf should you ever be incapable or unfit.

Obviously, these documents need to be kept in a safe place. Although safety is essential, you must also think about whether or not these contracts are going to be obtainable by those to whom you have entrusted your affairs. 

Where Should I Store My Estate Planning Documents?

Storing Your Estate Planning Documents

Because estate planning contracts include a wealth of personal information, a lot of people believe the safest place to put them is in a bank’s safety deposit box. Although it may seem like a smart idea, keeping your estate planning contracts in a safety deposit box is usually not advised because the people who need to get your paperwork, such as the executor of your estate, could very well be unable to do so after your death.

In the end, the place you choose to put your estate planning contracts is entirely up to you. You will have to take into consideration your current living situation, any privacy issues you are aware of, and whether or not the paperwork will be accessible to anyone who is trying to execute your estate plan.

A Safe Space

If you are worried about your privacy and do not feel safe keeping your contracts in a desk or a cabinet with a lock, a personal safe is another great choice. Personal safes can be costly, but they are ordinarily a single, all-inclusive purchase and they are able to safeguard your contracts from catastrophes such as floods, thefts, and fires based on the features and quality of the safe. On the downside, a personal safe can also be quite large and heavy, making it next to impossible to find an unobtrusive place to put it, particularly if you live in an apartment or a small house.

Need to Know

Finally, you will want to give the executor of your estate, along with anyone else who may need it, the location of your estate planning contracts as well as the key and/or combination to your safe. This way those who need to access your documents will be able to do so.

If you are still unclear on what exactly is involved in the estate planning process, or where you should begin, then we strongly suggest that you reach out to experienced probate and estate planning attorneys in California. 

If you are interested in meeting with a probate and estate planning attorney for a free, no-obligation consultation concerning your last will and testament, then please reach out to the team here at Levia Law Firm by calling (818) 703-1777 today. Our attorneys speak both English and Spanish.


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