Managing incapacities and sudden death – Part III

This is part-III of Precautions to protect assets after death.

Leaving behind instructions to handle incapacities
medicaid-nursing-home-coverageA closed cover noted as confidential stating name and date could be kept along with will or given to a close relative or a friend after briefing the need for such requirements with a note on the following lines:
1. If I am unconscious or critically ill and revival will make me immobilized, I do not wish to be under invasive Medical / life support such as pacemaker, ventilator, but wish to leave this world naturally and peacefully. (Please do not institute any resuscitation measures).
2. In case of my suffering due to dementia I authorize Mr………………..( my son /brother-in-law/daughter/wife) to take decision on my behalf and I authorise him/her to operate my bank account and also act as my attorney to dispose /realize my assets.
Note: Your personal medical advisor may be consulted to frame the wordings to cover the content of above instructions to match the medico-legal requirements of the hospitals.

Instructions to handle sudden death:
The following important areas need to be covered and documented which should assist as a ready reckoner or a guide to the successors/ family members in managing the affairs on sudden death.
Persons above sixty years or with health problems are advised to prepare a Document/Ready Reckoner of Instructions and a format is suggested as follows:-

INSTRUCTIONS RECOMMENDED FOR EFFECTIVE MANAGEMENT OF AFFAIRS

IF I WERE TO DIE SUDDENLY

 

NAME  PLACE
ADDRESS  DATE
CONTACT NO  LAST UPDATED ON
EMAIL I.D.

 

 

Sl No Subject matter Issue Involved Remarks Annexure
1. WILL I have got my will registered Document no and date ofregistration I
  I have not made any will  
2. ASSETS  
a. Immovable Residential house at… (Location) Door No.; purchase document no. II
Vacant land at …….(Location) Purchase document no. II
Let out property at …. (Location) Door No.; purchase document no. II
Details of tenants  
b. Movables Fixed deposits, shares and securities,SB account, Vehicles, LIC polices

Pension details , Bank Locker etc

 

Please see details in Annexure III(Nomination is important) III
c. Liabilities Bank loans, housing loan, private loans Please see details in Annexure IV IV
3. Family Members Spouse, children, grand children Give name and age of the membersas on the date of preparing

this note

V
4. PROFESSIONALS REFERRED Family doctor/ specialistlawyer/ auditor/ family priest Give name and contact number VI
5. CLOSE FRIENDS AND RELATIVES Give List with address and phone numbers VII
6. SAFE CUSTODY OFDOCUMENTS

Location of locker , place of keeping valuables, financial instruments FDs shares etc, personal IT records LIC policies

Locker no and bank, location of the locker/ almirah in the house and the place where the keys are kept usually to be indicated Please take out a schedule of description to serve as a guide for the persons after demise VIII
7. RELIGION/WORSHIP places of worship Give the name of temples/ church which are being frequented periodically or is there any pilgrimage centers visited or any vow/wish which are not fulfilled IX
8. ATHEIST give details of the funeral/ rituals you wish your successors to follow Give details of your assets givento others or other assets in your

possession

IX
9. CONFIDENTIAL Any other Private lending or borrowing without any legally enforceable record. Have you made any promise of support/cash award/ donation to any-one not covered in the will Give the name ofI.Relatives, II. Staff, III. Servants

and the amount you may wish to be paid. Give details of persons from

whom there is dealing

X
10. ASSETS IN OTHERS’ CUSTODY Give details of your assets givento others or other assets in your

possessions

X
11. WISH NOT COVERED IN THE WILL How to dispose off the body give details for reference  
whether eyes/ liver/ kidneys are donated Give details of documents / declarations signed and their custody XI
12. OBITUARY How you wish to publicize after demise Which paper, which photo, what contents, Details of the order in which obsequies to be conducted. XII
13. ANY COURT CASE What is it about How to continueAny other information like Advocate in custody of records XIII
14. ANY UNFINISHEDPROJECTS/PROGRAMME Is there any Building/ House /Marriage of children pending What you wish to state  
15. ANY CHILDREN WITHPHYSICAL OR MENTAL

DISABILITY

Names What provision or security you wish to provide them  

 

 

DATE

 SIGNATURE

 

Note – Just as will is done and reviewed/ remade, the above data can be periodically reviewed and redone. When the details and data is captured in the computer, updation becomes a simple exercise. A closed cover noted as confidential stating name and date could be kept along with will or given to a close relative or a friend after briefing the need for such requirements with a note.

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