![]() ![]() He managed his household’s finances and realized one day that if he died, his wife would have no idea where to turn. I first heard about an emergency binder from a trusted financial colleague. No matter what you call it or how in-depth your binder is, the concept remains the same: it’s a road map for those you would leave behind. You may know this binder by other names, such as a family emergency binder, legacy binder, estate-planning binder, just in case binder, death binder, etc. This binder typically includes a range of financial and personal documents intended to help your loved ones manage the household and your assets in your absence, whether temporary or permanent. Why an emergency binder is so importantĪs the name implies, an “in case of death,” or ICE, binder serves as a guidebook for your loved ones if you were to suddenly die, fall ill, or be injured.Here’s what an “in case of death” binder is and how you can put one together. ![]() But there’s one thing you may not have thought to do, and it’s both simple and inexpensive: leave behind an “in case of death” binder. ![]() You probably already know how important it is to protect your family’s finances (especially against worst-case scenarios) by saving for the future, creating a will, and buying life insurance coverage. But if you were to get in a car accident, fall ill, or even die tomorrow, would your grieving family know where to begin in terms of managing your accounts and assets? Let’s be honest: no one likes to think about dying, even though it’s an unavoidable fact of life. Does a Home and Car Insurance Bundle Actually Save You Money? ![]()
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