Matt and I have been getting our grown-up documents in order over the past few years. We have a will, but need an updated one that actually reflects that Parker is in existence. We have a waterproof fire safe and it holds our passports and such, but were something to happen to both Matt and myself, no one in the world would know how to get into it.
While I was looking at Dave Ramsey’s website to determine how much per month we need to be saving for the boys’ college educations (a totally different grown-up activity), I noticed something off to the side that I had heard Dave mention: a Legacy Drawer.
The boys were all situated doing their school work and I decided I’d click on that link and noticed he had fancy forms all ready for me to print out. I think these forms are specifically for those who are subscription members of his website. If you aren’t a member, he still has a list of all the things he recommends you have in the drawer; the forms are just frills, but I like them!
I spent an hour going through the fire safe listing what is inside. I printed out things that were on the computer and online that a person taking over our lives would need. When I got it all organized I emailed a few people with information regarding where the fire safe key is kept, where the safe is, and what the Legacy Drawer is.
Below is our budget with post it notes that explain everything. If something were to happen to me (the nerd) Matt would be able to pick up and handle things as usual. If something were to happen to both of us, this form would be less important as my parents would assimilate the life insurance policies into their own budgets. (Yes, it’s blurry on purpose.)
All closed up, fire and water proof. (When purchasing a fire safe, be sure to select one that is also water proof. Most documents that are kept inside fire safes withstand the fire but are then damaged due to the water used to put out the fire.)
Here is what Dave’s website says about the Legacy Drawer:
Every household needs a Legacy Drawer. It doesn’t matter if you’re single with no kids or 76 and have 12 grandkids—you need a Legacy Drawer. It’s the last gift you will give your family, so make it a good one. If you truly care about your loved ones, you will take the time to create a Legacy Drawer.
The drawer should be somewhere in your home and contain everything your spouse or family needs to know if you aren’t around—anything that has to do with your financial life should be in that drawer. You must organize it in a way that anyone can find a specific document in 30 seconds. All files should be clearly marked, in order, and easy for a grieving family member to find. There’s no need to go into extreme detail when creating your Legacy Drawer. Simply include the appropriate documents in an easy-to-understand format, and you’re good to go!
If you’re interested in the forms that make the Legacy Drawer so cool, I can send you a “Challenge” and you’ll get 30 days to try out the website for free. If you’re interested, comment below and I’ll get it emailed out! If I had already completed Baby Step 7 I would have some kind of prize or drawing at the end for any of my friends who completed this!
As it is, please consider accepting my challenge. Being a grown-up means sometimes doing things that we would rather pretend aren’t necessary.