Many Philadelphia residents recognize the need to store their estate planning documents in a secure location. Determining what that location might be, however, is not always so simple. Fortunately, there are a variety of options available that give families flexibility in choosing where to store estate planning documents.
Keeping these papers in a location within the family home is a common choice, but there are risks involved in that option. For one, there is a chance that in the rush of activity that follows a death, the paperwork could be removed by an estranged or otherwise disgruntled family member. There is also a risk that the entire estate planning package could be lost in a fire, flood or other destructive event.
Many families are turning to online storage options to ensure that their important documents are kept safe and secure. There are a number of companies that offer this service, giving consumers a wide range of choices. Most are committed to providing the highest level of security, so that clients can rest assured that their documents cannot be stolen or accessed by unauthorized parties. Some companies offer to store the documents, while others simply act as a go-between that gives loved ones information on where to find those items when the time comes.
As technology continues to advance, more tools will be available to help enhance traditional estate planning measures. For now, online storage services are on the cutting edge of estate planning technology, and these tools are just starting to gain popularity. In the years ahead, online or digital storage options may be the norm for Philadelphia families, rather than the exception.
Source: kiplinger.com, “Great Sites for Organizing Estate-Planning Documents-Kiplinger“, Sally Abrahms, Nov. 24, 2015