Ready for a Holiday?

Share This

If you are going on holiday no doubt you’ll have a few tasks on a checklist to be done before you leave; cancel the paper, get someone to feed the cat, arrange for the lawns to be mown, check the oil and tyres on the car etc. While it’s a busy time of year, it’s a good time to make sure your finances are in order too.  Here’s a checklist of important things to take care of before you go away:

  • Do you have a safe place where all your important documents are kept, for example, insurance policies, wills, family trust deed, records of any investments, mortgages or loans, birth and marriage certificates, passports etc?
  •  If anything happened to you, would someone else know where to find these documents?
  •  Do you and your partner both have wills? Who else has a copy? Are they up-to-date?
  •  Do you have adequate insurance cover for your personal possessions?
  •  Do you understand what exclusions, limitations or conditions you have on your insurance cover and what your excess is?
  •  Do you know what to do and who to call if you need to make a claim, especially if you are away from home at the time?
  •  Do you have a list of all your possessions, including serial numbers, photos, or some other evidence of what you own?
  •  Do you have adequate life insurance?
  •  How would your partner and family fare if you were to suffer a serious accident or illness and be unable to work again?

 Chances are that you won’t need to know the answers to these questions for a long time, but adverse events can often happen without warning. Having your finances in order makes dealing with them much easier.

 

Related Articles

Investment
Liz Koh

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible. If you are passionate about the effects of climate change, the scarcity of food and water, and social or environmental policies in general, then you will no doubt wish to ensure that the companies in which you invest are going about their business in a manner that is consistent with your views.

Read More »

Stay in the loop

Keep up to date with the latest developments from Enrich Retirement