Disaster planning: organize your info

Trent at The Simple Dollar blog brings up a point we’ve made before: it’s good to prepare for the worst.

He recommends having a binder with documents listing all your financial, insurance, and legal information:

Even aside from the peace of mind that will come from having this document, there will come some point in your life where having all of this information at hand will come in handy – your house burns down, or your spouse passes away suddenly. During those times of crisis, having all of this data available easily to you will make all the difference in the world, taking a healthy dose of stress away from that painful and challenging moment.

While it takes some time and effort to prepare a “just in case” file, the time and effort saved if something happens is more than worth it.

How do you prepare for the theoretical worst case scenerio?

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