How to maintain documents online?

Mr. Naren  is 45 years old and  staying with his family in Vashi. He is working in a textile company. He has a 2BHK  flat in Vashi, a 3 BHK flat in Pune and  2 acres land in Karjat.  Mr Naren has  made a Will to avoid future litigation between his children as a part of his estate planning. Initially he kept all his documents in bank lockers, for which he is paying locker charges of Rs 2500 pa. He finds it very inconvenient to visit the Bank every time to access to his documents. Further he has been told that he has to pay extra visits charge now. 

 

Like Naren, most people are facing difficulties in safekeeping documents. Currently Technology has provided solutions. There is lot of free sites available like www.iconfidential.com, www.justcloud.com,   www.zipcloud.com, www.dropbox.com, www.box.net and www.sugarsync.com where one can keep the softcopies of the documents and view this whenever one desires.

Tips for safe keeping documents

a.      Buy a small home locker for keeping hard copies of documents

b.      Take their scanned copies

c.       Log into any above mentioned sites say https://www.iconfidential.com

d.      Click on “Create an account”

e.      You may select free account

f.        Input  your Email ID, create your password and confirm password

g.      Finally click “Confirm” and account is created

h.       Now, one can upload soft copies of financial documents and passwords as instructed by certified financial planner along with other personal files.

  • Financial; Savings A/c, Banks FDs, Equity Shares & Mutual funds details etc.
  • Property documents; Will, Title deeds, Property tax receipts etc
  • Life insurance policies, Health insurance policies, Loan agreements etc 
  • Physicians prescriptions and medical history
  • Pass port and Visas
  • Photos and albums
  • Music
  • Passwords of Credit / Debit Cards
  • Website Logins
  • Computer Logins

i.        Finally, do not forget to share the User ID and password of the site with the spouse or any close family member.

Last modified on Friday, 16 August 2013 13:49

Prakash Praharaj

Shri Prakash Praharaj has a passion for excellence. He has been awarded two gold medals for securing top positions both in Graduation and Post Graduation in Commerce. He is an MBA with specialization in Finance and marketing. He has been awarded Diploma in Treasury, Investment and Risk Management besides CAIIB from the Indian Institute of Bankers. He is a Certified Financial PlannerCM from the Financial Planning standards Board, India (FPSB), affiliated to FPSB, Denver, USA and Certified Personal Financial Adviser from NISM. He is also a SEBI registered Investment Adviser vide Reg. no. INA 000000045 dated 2nd August 2013.His book "Your Every day guide to Personal Finance and Insurance" has been published by CNBC TV 18 in August 2015.

2 comments

  • minecraft.net

    posted by minecraft.net

    Friday, 22 May 2015 16:17

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  • Tejas

    posted by Tejas

    Monday, 05 August 2013 07:52

    Good one

    Report

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