We now live in a digital world. From purchases made online, to our health records. And because of this each of us must take steps to protect ourselves and our families.
Here are some facts you should be aware of:
The amount of unclaimed assets grows each year, currently sitting at $58 Billion dollars per year.
What are unclaimed assets?
Assets go unclaimed because individuals forgot to discuss with family members, therefore the next of kin could not claim what you intended them to have.
Examples of unclaimed assets are:
Safety deposit box containing stocks, bonds, property deeds, family jewelry and your spouse or family have no knowledge of it. Let’s say they find the key; will it identify the bank and box number on it. Some do and some do not.
Fraud and Identity theft against the recently deceased impact families everywhere who are grieving and dealing with the loss. Often they are not aware for months that they have been victimized.
Life insurance policies, annuities, retirement accounts
Lost and misplaced policies – how would the family know about a policy, if you never told them about it? And over time, if your policy documents were lost would you even remember the policy yourself to tell them about it.
FACT: Several major insurance companies have been sued and have admitted that they don’t know when their policy holders die.
If your family is not aware of your policies or any of your affairs; how will they receive benefits and how will the insurance company know that their policy holder has died; if no one contacts them?
How can IvyLocker® help?
When you subscribe to IvyLocker’s Locker system we will guide you in adding key pieces of information, which would be of the highest level of interest for handling your affairs, along with copies of documents; which then also gives you a backup copy of your documents. Your Locker System is encrypted and secure on our servers.
When sunset occurs in the life of an IvyLocker® subscriber or the subscriber’s partner/spouse IvyLocker® takes action unlocking the lockers and following the wishes of the deceased will send notifications to accounts they have pre-selected.
From the time of passing there is much for the family and next of kin to do in executing tasks to handle the deceased party affairs. It is during this time and immediately following the funeral or memorial that the family is most vulnerable to fraud. This is when IvyLocker® goes to work.
Every IvyLocker subscriber must identify a next of kin who will perform certain actions for the subscriber. And with a few clicks IvyLocker® will guide the next of kin to takes steps to assure the subscriber’s wishes are followed.
