An In Case of Emergency, or ICE, File and Plan includes vital contact, financial, and legal information. These tools are invaluable during a crisis—just like a roadmap of your financial life. This is especially true when someone must act on your behalf.
Pulling together your ICE File and ICE Plan takes some effort. As with all emergency preparation, this groundwork is most effective if it is in place before an emergency happens. Moreover, you need to discuss the File and Plan with your key person(s) – executor, power of attorney, or someone you trust implicitly to help handle your financial affairs. These safeguards are not useful unless someone knows that they exist and how to access them.
You may think that your financial profile is simple. Walking through this exercise ensures that your bases are covered. Moreover, with time, your life—and your financial life—will evolve and become more complex. Life happens, and things change. Make sure that your File and Plan are up to date. This preparation is a gift to your loved ones and allows you to sleep at night.
Check out the link below for a guide to creating your own ICE File and ICE Plan. It is time to get started. Don’t delay.
