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Death Folder, Funeral Plans and Estate Planning - Personal Financial Planning for Your Death

1,318 views · Published 6 June 2018 · 11:06 · Indexed 28 October 2026

Channel: Canadian Real Estate Channel · 2018 · Education

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Death & Taxes - the two things no one can avoid?

In today's video we're going to talk about DEATH and how to plan for it to make your loved ones lives easier during a difficult time.

What is a Death Folder?
It's a compilation of all relevant items/documents/information that your loved ones or trustee of your estate will need to wrap up your affairs. 

There are a ton of things you can include such as:
-Will 
-Obituary info and/or photos
-insurance policies
-banking information
-investment information
-funeral plans and instructions
-joint venture or corporate documents
-list of contacts (banker, lawyer, accountant, insurance adviser)
-password/login info
-list of all assets/debts

Links to Death Folders:
http://www.erikdewey.com/bigbookmkII.pdf
https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/Essential_Documents_-_321732PM.pdf

From Ross Naylor:
What goes in an “in case of death” folder?
Birth, marriage and divorce

Personal birth certificate
Marriage licence
Divorce papers
Birth certificate/adoption papers for minor children
Life insurance and retirement

Life insurance policy documents (including beneficiary nomination forms)
Details of any employer death in service benefits
Personal pension documents
Employer pension details
Annuity documents
Details of any entitlement to state pensions
Bank accounts

List of bank accounts with account numbers, login details, passwords etc
Details of any credit cards
Details of safe deposit boxes
Assets

Property, land and cemetery deeds
Timeshare ownership
Proof of loans made
Vehicle ownership documents
Stock certificates, brokerage accounts, investment platform details, online investment account details
Details of holdings of premium bonds, government bonds, investment bonds
Partnership and corporate operating/ownership agreements (including offshore companies)
Liabilities

Mortgage details
Proof of debts owed
Details of gifts

Dates and amounts/values (potentially helpful when calculating any inheritance tax liability)
Income sources

Make a listing of all your sources of income, especially ones that your family might not know too much about
Employer details
A copy of your most recent tax return or accounts (if self employed or own business)
Monthly expenses (so they can be maintained if necessary or cancelled if not)

Utilities
Insurance
Rent/mortgage
Loans
Subscriptions/memberships 
Email and social media account details

Essentials
Will/testament + details of firm that helped create it if applicable
Instruction letter
Trust documents
Burial/cremation wishes
Contact details
List of names and contact numbers for: Financial adviser, doctor, lawyer/solicitor, accountant, insurance broker.

https://ross-naylor.com/2018/03/14/how-to-build-an-in-case-of-death-folder/

Matt McKeever 
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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he's acquired over 25 unit and in 2017 acquired over 25 units. 

FIREpreneur: A person who has reached (lean) FIRE and uses this freedom as a springboard to operate a business or organization, taking on no significant risk (due to lean FIRE).

As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption.

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