What is Financial LockBox?
You’ve worked your entire life to build financial security in order to protect your family. But the more assets you’ve accumulated, the more difficult it can be to keep track of everything – not only for you, but for loved ones you select to help you manage your affairs.
You have stocks, bonds, insurance policies, bank accounts, credit cards and more – all through different institutions and each with its own specific information.
Financial LockBox was developed to help you organize the records of your financial information and data – easily, securely and affordably.
What You’ll Get:-
When you enroll with Financial LockBox, you will receive a link to a secure website that enables you to consolidate all of your important financial information in one place, including the location of:
- Will, powers-of-attorney and other important estate information
- Bank accounts (checking and savings)
- Certificates of deposit
- Money market accounts
- Stocks, bonds and mutual funds
- Real estate
- Individual retirement accounts (IRAs)
- Safety deposit box
- Life insurance policy(ies)
- Fixed monthly payments and due dates
- Names and contact information for your financial advisers, attorneys and other important advisers
How is Financial LockBox Used?
To get started, think of Financial LockBox as a note you might have left in a safe or safety deposit box directing loved ones to your important financial documents in the event of an illness or death.
Think of Financial LockBox as talking points for that important discussion with a loved one to whom you are handing over – or beginning to share – control of your financial information. Through our secure and intuitive website, Financial LockBox provides a roadmap to your financial data for those pre-selected by you, lightening their burden by simplifying the process of gaining access to your important financial information.
This information is easily accessible to those you select, regardless of where they live, and is easily updated by you at any time. All that is needed is access to the Internet and the password information that you select and provide.
Special Note: The Member Profile page is printable and is helpful during income tax preparation time, and for financial or estate planning as a reminder of important information. This will help you ensure nothing is forgotten.
Disclaimer: Financial LockBox is an information storage and notification system. It is a useful roadmap for someone handling your financial affairs. It does not authorize your access person to act as the personal representative or executor of your estate. Generally, you must take some other steps in order to give a trusted person legal authority to act for you or name the person who will handle your estate. An attorney can advise you on how to give a trusted person legal authority to act for you.