Toronto Lawyer shared this story.
His Aunt had passed away unexpectedly. She wasn’t married and lived outside the city and owned her own home, a rather new vehicle and had other assets.
Her family/next of kin had no idea where she banked or if she banked with one financial institution or multiple ones. They wondered if she had a Safety Deposit Box, if she had prearrangement funeral arrangements and/or selected her final resting place. Did she or Last Will and Testament? Who the lawyer was? if there was one?
They found it very difficult and a daunting task as they scrambled to take care of all the necessary funeral arrangements, locating the products and services the Aunt had in her portfolio. It was a challenging time for their family, trying to take care of all her affairs.
Several months later after the funeral, the aunt’s vehicle was repossessed and towed away. They later found out they had just a few payments left.
Had they known, they would have made those last few payments and kept the vehicle.
It is safe to say, had the aunt the opportunity to document her wishes and products on theRIPregistry.com site, the executor would have had a checklist with contact names, addresses and telephone numbers, assisting with the gathering of information and making necessary arrangements a less overwhelming and ensuring that all avenues were taken care of without having after thoughts if everything was found and dealt with.
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