Household bills are a regular part of life, whether you’re a renter or a homeowner. From the mortgage or rent to the utility bills you pay on a monthly and yearly basis. ”A typical homeowner is responsible for more than 10 utility bills” such as electricity, gas, water, content insurance, services charges, ground rents in flats and many more –

Now stop and think for a second. 

Imagine your family trying to piece all of the bills together without you around. Would they be able to quickly find all the important information?

Avoid Unneeded Losses

Are you aware that failure to arrange your affairs can result in heavy losses? Think about your unclaimed Estate. See, when an Estate is unclaimed it technically means that it is not owned by anyone.

According to the Government’s list, ”There are currently 9,254 unclaimed Estates in the UK”

Ultimately, an unclaimed Estate will go to the Crown. This includes any property, money, personal possessions and anything else that the person owned when they died.

Tip: Make a Will to ensure that your Estate goes to those you want it to.

Fortunately, you can avoid this with a little bit of planning. Think about organising your information in a way that will help your family handle your affairs in an emergency.

Use the following steps to keep your home and Estate in order:

Step 1 – Home Information

 Name all your residences, identify any other real estate holdings, including rental properties, businesses, or plots of land.

  • Address
  • Phone Number
  • Ownership Status: If Rental, is it currently being rented?
  • Location of Original Deed or Lease
  • Property Tax Info

If Mortgaged:

  • Mortgage Company Name
  • Mortgage Agent Contact Info
  • Account Number (if applicable)

If Rented:

  • Landlord or Agency Company Contact Info
  • Monthly Rent Cost
  • Security Deposit (if applicable)
  • Lease End Date

Step 2 – Insurance

  • Name of Insurance Company
  • Type of Home Insurance: Homeowners | Renters  | Mortgage 
  • Insurance Agent Contact Info
  • Insurance  Policy Number

Step 3 – Utilities 

  • Name of the company providing the utility, account number, and payment info 
  • Electric
  • Gas
  • Water
  • Internet | Cable | Home Phone (Landline)
  • Heating Oil/Propane
  • Other

Step 4 – Vendors & Services

  • Garbage
  • Cleaning
  • Landscaping
  • Exterminator
  • Plumber
  • Electrician
  • Pool Care
  • Handyman

Step 5 – Security & Home Automation

  • Name of Security Company
  • Contact Info
  • Account Number
  • Instructions for Entering House
  • Extra Key Location
  • Smart Home Device Name
  • Instructions For Use Username/Password 
  • Other Related Devices e.g: Voice-Activated Speakers Like  Google Home

“It takes as much energy to wish as it does to plan.”– Eleanor Roosevelt

 This kind of planning can make all the difference. An up-to-date proposal will ensure that your assets will be allocated according to your wishes and that your loved one will not face financial difficulties should the worst happen. 

Read More: Things You Can Do Now To Leave Your Online Affairs In Order

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