Compiling and Organizing Your Financial Records

By Keiter CPAs

Compiling and Organizing Your Financial Records

No one ever plans to be sick or disabled. Yet, it is exactly at this time that advance planning can make a big difference in the life of your family members. Organizing your key information and getting your personal, financial, and legal affairs in order is a great gift to your loved ones.

In the event of your untimely incapacitation or death, your loved ones will need many documents to ensure that your wishes are carried out and your bills are paid.  By organizing your important records, you can express your wishes, such as appointing a guardian for your children, deciding who receives your assets, protecting your business, providing for charity among some of the large decisions.

By compiling necessary information and keeping your documents in one convenient location, your family members or trusted advisors will be able to easily locate them. This helps ensure that your wishes are known and minimizes the risk of family disputes. Remember, regardless of how organized you are, if your records cannot be found, they will not be useful to someone trying to help in a crisis.

There are a number of different ways for you to organize your important records and we encourage you to develop a system that works for you. Not sure where to begin? Our Financial Records Checklist can help you get started. 


Talk with your financial advisor about additional records you may need to compile based on your personal situation.

Our Family, Executive & Entrepreneur Advisory Services Team provides expert insight and innovative solutions to meet the needs of the most intricate and complex tax-related situations. We also work closely with our clients’ financial advising team on financial and investment planning, insurance and risk management, and family office solutions.  Meet our team and learn more about our services.

Source: Thomson Reuters® CHECKPOINT™

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About the Author

Keiter CPAs

Keiter CPAs

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


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