A&I Wealth Management > Blog > Families > Wealth and Wellbeing Album

In 2005, Cameron Morgan took the lead at our firm to implement a whole lot of good ideas we had floating around about how to get your financial life organized. She integrated them in a three-ring binder. With only a little bit of help from the rest of us, the Family Financial Album was born.

In 2024, we updated and improved the document. It is called the Wealth and Wellbeing Album. It is a place to help your relatives and other loved ones to know how you have things organized, to save them time and effort. What do your survivors want to know? This is where they need to go—and what are they looking for.

What is included

in your Wealth and Wellbeing Album

The album has many good ideas so that you can be respectful of, and be honored by, your loved ones. Let’s look at what should be included in your album.

Financial statements

We put these together for all our clients at our regular progress meetings. Many clients keep them. You can tell your relatives where you’ve saved the files.

Where to find

Estate planning documents

Note where you keep your copy of your birth certificate, marriage certificate, passport, deeds, etc. Whether you have a simple Will or a complicated plan involving Trusts, note where you keep these documents and the contact information for the attorney and other helpful people, like a trustee and financial advisor.

Where to find

Estate planning documents

Note where you keep your copy of your birth certificate, marriage certificate, passport, deeds, etc. Whether you have a simple Will or a complicated plan involving Trusts, note where you keep these documents and the contact information for the attorney and other helpful people, like a trustee and financial advisor.

All types of

Insurance policies

Make it easy for your survivors to know what insurance is in force, as well as what policies are out of force. Sometimes you might find a statement from a policy expired long-ago, and that might cause a headache for your survivor; wasted time, or worse.

Other investments

Do you have investment real estate? Do you have a pension or executive benefit plan? Do you have an interest in a business or private investment? What about an annuity or any other type of investment? Using the album, you can improve the quality of the lives of your loved ones.

Survivors

Final instructions

A favorite part of the album is the instructions for your survivors. Do you want to donate your organs? How do you want your final service to go? Include as many details as possible. The album provides a checklist of good ideas so that you can be respectful of, and be honored by, your loved ones in just the way that is right for you.

Financial planning information for families

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    About the author

    Karl Frank, Certified Financial Planner ®, MSF, MBA, MA, is the President of A&I Financial Services LLC, a local business that specializes in wealth management, insurance planning, and retirement planning. Karl cares for business owners and the businesses that care for them. Learn More about Karl.