Financial Facts Sheet

kevinjfrodsham

Hi All,

I have heard Martin highlight a few times of the importance of couples having a "financial facts sheet", and have found this old post (https://forums.moneysavingexpert.com/discussion/161938/financial-factsheet-brainstorm-help-required/p1) where he indicates his intention to create a template form to aid people in creating one.

Does anyone know is this came to fruition or does anyone have a template they would be willing to share (blank obviously). I thought this may be an easy task, but has quickly spiralled, and i am struggling to keep it presentable and intuitive if it is needed.

Thanks

Emmia

I think I'd take the list on that first post, and pop it into a spreadsheet (a shared Google sheets would work) - filling in the relevant details. 

You could, if a simple list is unwieldy, have tabs on a workbook with multiple sheets labelled something like

"Essentials" - location of will, POAs etc, life insurance, executor details.

"Banking / Financials" - details of current and savings accounts, ISAs, mortgage details. (I wouldn't add values as these will change regularly and will be a nightmare to keep updated.)

Insurance - car / home etc with details of the provider and frequency of payment - monthly, quarterly, annual 

Memberships - gym, museums, clubs

Bills - utilities, mobile phone etc

I'd also add a column for when the information was last updated - some things won't change that often, others more frequently, to indicate how up to date the information in a line is.

You could also add a last reviewed date to the front sheet (and update that) to provide an indication of validity.

sausage_time

Great suggestions!

Looking at my own list (also a spreadsheet), you may also want to record:

• Details of pensions, any annuities, etc.
• List of all direct debits and what they are for.   Would likely cover memberships, bills above - but includes other odd payments that don't really fit above.
• Air Miles/Nectar/Tesco Clubcard/etc details.  For BA Miles they can be transferred, see this.
• Council Tax account details (in my sole name in our case).

I do record approximate values for accounts/ISAs/pensions. I print this out several times a year and store in a secure place (known by my trusted inner circle).

See also https://www.moneysavingexpert.com/family/what-to-do-when-someone-dies/

kevinjfrodsham

Thank you for the responses. Appreciate the link to what to do if someone passes away aw sell.