By: Martin M. Shenkman, CPA, MBA, JD
Quicken can be used for more than just paying bills. Listing all assets you own, even if you don't include all transactions, is a great way to provide those you rely on with a current check list of accounts, assets, etc. Be sure to back up all your information onto CDs and store them offsite — you don't want them getting into the wrong hands. Consider giving your agent your back-up copies, along with pass codes. In an emergency, your agent (e.g., under a power of attorney) will have the data at hand to help. Schedule recurring payments (e.g., insurance, monthly mortgage, etc.) to be paid on time. If you are disabled (or die), the reminders will be a tremendous help to your agent (executor) when he has a lot of other things to deal with.
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