10 documents to secure before you die (Economic Times)=AWARENESS=

IMPORTANT FOR AL OF US...   Keep these essential papers in place and inform at least one family member so that your heirs don't have to run from pillar to post to inherit what is rightfully theirs.  1) Primary documents  These include your birth certificate, marriage certificate, PAN card, passport, election ID card and the Aadhaar card. Will be needed when transferring assets to your heirs.  2) Insurance details  The purpose of life insurance will be defeated if your family is in the dark. Make a list of all the policies, mentioning the name of insurers, policy numbers, insured sums and the tenures.  3) Pension documents  If you have an NPS account, mention the account number and nomination details. Give the pension account number with your employer.  4) Property papers  All property-related documents should be in one place. If the property is mortgaged, keep photocopies. Mention the loan account number and the latest outstanding amount. If property is insured, mention policy coverage.  5) Bank account details  Make a list of various bank accounts, giving the name of the bank, the account number, holding pattern and the nomination details.  6) Bank locker details  Mention the name of bank, locker number, ownership pattern and whereabouts of the key. Maintain an inventory of items kept in the locker and update every time you operate it.  7) Demat account details  Give the name of depository partner, demat account number and nomination details. If possible, update the details of the securities in the demat account.  8) Other investments  Give details of the PPF account and folio numbers of other post office investments. Make a list of mutual fund investments, mentioning folio numbers, ownership pattern and nomination details.  9) Loans and Receivables  If you have taken or given private loans to relatives or friends, mention the amount and the date by when these are payable/receivable.  10) Online 10 passwords  Though these are to be kept secret, keep a list for emergency reference. Mention the website, the online ID and the password.  Keep this in mind  This information is to be kept secret and accessed only if the main breadwinner of the family has either died or is in a medical emergency.  Make sure to update the information regularly. How often you do this depends on your convenience and the changes in investments.  The information listed above is very basic. you may want to add more details of other assets along the same lines.  You may want to make an online version of this information as well, but make sure it is on a secure site.

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