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Do you agree to receive promotional emails from us?
Would you like to receive our guide to Gold and Silver Bullion?

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Please provide your details to reserve space at Guardian Vaults.

Do you agree to receive promotional emails from us?
Would you like to receive our guide to Gold and Silver Bullion?

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Please provide your details to reserve space at Guardian Vaults.

Do you agree to receive promotional emails from us?
Would you like to receive our guide to Gold and Silver Bullion?

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Please provide your details to reserve space at Guardian Vaults.

Do you agree to receive promotional emails from us?
Would you like to receive our guide to Gold and Silver Bullion?

Enquire Now

When it comes to vital personal documents, many people do not consider how important it is to inform trusted family members or associates of where they have stored them.

Documents such as passports, personal estate wills or power of attorney documentation should all be stored safely and securely in a safe deposit box maintained in their original form. And whilst many people, including many of our customers, do the right thing and store their vital paperwork securely, recent research indicates that many fail to put in place a specific plan to inform the right people of the location of these documents, or pass on instructions on how to access them in case the need arises.

Only a third of people surveyed told their trusted parties where they can find key documents. Another 10% only provided copies of the original documents and over 13% of heirs were unaware of the location.

Not properly informing relevant parties about where your important documents are can create legal nightmares when it comes to the determination of your assets or intentions, often at a time when family and friends may be grieving. Many wills can be complex and fraught with challenging outcomes. If these documents cannot be accessed or older copies are available, your current wishes may not be met. Having copies or digital files as a replacement is not always accepted by a court, especially in the case of them being contested. Given the crucial nature and importance of these documents, without clear instructions outlined, getting access to them can be legally difficult and emotionally distressing.

It is not only your spouse or loved one who should be informed, other parties such as your lawyer or a trusted family member can also be kept up to date. Also, consider any other relevant financial professionals you work with, such as accountants and financial advisors.

You should also make sure that any essential document that has been changed or updated recently, replaces the previous copy and that you destroy the previous version. This will ensure there is no confusion over which version correctly reflects your objectives. Any trusted person you inform should also be given access to further information they might need. For example, the location of safe deposit box keys or the contact details of the secure storage facility where you have stored your documents.

Having all of your vital documents stored in a safe and secure location is paramount, and a safe deposit box is the best solution. It provides a single, central location as well as being highly protected against theft, fire and damage. But equally important is informing the right people of the location of those documents with a simple yet comprehensive plan. It will ensure that your wishes – as well as your valuables – are not secrets you take to the grave.

Find out more about Guardian Vaults safety deposit boxes here. 

 

Safe deposit boxes and Guardian Vaults

Have a plan for your safe deposit box

When it comes to vital personal documents, many people do not consider how important it is to inform trusted family members or associates of where they have stored them.

Documents such as passports, personal estate wills or power of attorney documentation should all be stored safely and securely in a safe deposit box maintained in their original form. And whilst many people, including many of our customers, do the right thing and store their vital paperwork securely, recent research indicates that many fail to put in place a specific plan to inform the right people of the location of these documents, or pass on instructions on how to access them in case the need arises.

Only a third of people surveyed told their trusted parties where they can find key documents. Another 10% only provided copies of the original documents and over 13% of heirs were unaware of the location.

Not properly informing relevant parties about where your important documents are can create legal nightmares when it comes to the determination of your assets or intentions, often at a time when family and friends may be grieving. Many wills can be complex and fraught with challenging outcomes. If these documents cannot be accessed or older copies are available, your current wishes may not be met. Having copies or digital files as a replacement is not always accepted by a court, especially in the case of them being contested. Given the crucial nature and importance of these documents, without clear instructions outlined, getting access to them can be legally difficult and emotionally distressing.

It is not only your spouse or loved one who should be informed, other parties such as your lawyer or a trusted family member can also be kept up to date. Also, consider any other relevant financial professionals you work with, such as accountants and financial advisors.

You should also make sure that any essential document that has been changed or updated recently, replaces the previous copy and that you destroy the previous version. This will ensure there is no confusion over which version correctly reflects your objectives. Any trusted person you inform should also be given access to further information they might need. For example, the location of safe deposit box keys or the contact details of the secure storage facility where you have stored your documents.

Having all of your vital documents stored in a safe and secure location is paramount, and a safe deposit box is the best solution. It provides a single, central location as well as being highly protected against theft, fire and damage. But equally important is informing the right people of the location of those documents with a simple yet comprehensive plan. It will ensure that your wishes – as well as your valuables – are not secrets you take to the grave.

Find out more about Guardian Vaults safety deposit boxes here. 

 

Disclaimers: Guardian Vaults Holdings Pty Ltd, Registered Office, Scottish House, 100 William Street, Melbourne, Victoria, 3000. ACN 138618176 (“Guardian Vaults”) All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher and/or the author. Information contained herein is believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation. Guardian Vaults, its officers, agents, representatives and employees do not hold an Australian Financial Services License (AFSL), are not an authorised representative of an AFSL and otherwise are not qualified to provide you with advice of any kind in relation to financial products. If you require advice about a financial product, you should contact a properly licensed or authorised financial advisor. The information is indicative and general in nature only and is prepared for information purposes only and does not purport to contain all matters relevant to any particular investment. Subject to any terms implied by law and which cannot be excluded, Guardian Vaults, shall not be liable for any errors, omissions, defects or misrepresentations (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (direct or indirect) suffered by persons who use or rely on such information. The opinions expressed herein are those of the publisher and/or the author and may not be representative of the opinions of Guardian Vaults, its officers, agents, representatives and employees. Such information does not take into account the particular circumstances, investment objectives and needs for investment of any person, or purport to be comprehensive or constitute investment or financial product advice and should not be relied upon as such. Past performance is not indicative of future results. Due to various factors, including changing market conditions and/or laws the content may no longer be reflective of current opinions or positions. You should seek professional advice before you decide to invest or consider any action based on the information provided. If you do not agree with any of the above disclaimers, you should immediately cease viewing or making use of any of the information provided.