When you’re putting your affairs in order one of the most important things to consider is what my family should know. That question is actually pretty easy to answer. Your family needs to know how to access the accounts and documents that make up your estate. The next question to ask is how and when to share this information. Your family needs this information but for a variety of reasons, you may not want them to have it now. This question is a little harder to answer.

What financial information should be shared?

We all know that a time could come when we’re incapacitated, or that we could pass away unexpectedly. No matter the circumstances, there will come a time when a trusted loved one needs to access your financial accounts and paperwork like wills and estate planning documents.

So, what type of financial information should be shared in these situations? Some things to consider include:

  • Details of bank accounts, investment accounts and other financial accounts
  • Debts and other liabilities
  • Information about insurance policies
  • Important documents like wills, power of attorney and other estate planning documents
  • Titles to cars, real estate and other property
  • Information about valuable collectibles and art pieces and their appropriate documentation
  • Intellectual property, including trademarks and patents
  • Digital assets, such as domain names and digital art
  • Cryptocurrency wallets

Organizing your financial information with Kubera

Figuring out how to organize all of that information can be a challenge, however. Up until now, there hasn’t been a secure place where you could keep all of your asset information, along with your important documents. There is financial management software that can help you track your assets and see your net worth, and there are important document organizers that allow you to store critical documents. But until Kubera, there wasn’t a tool that could do both.

Kubera is designed to provide you with a holistic view of all your assets, as well as storage space for your important documents. This allows your loved ones to find everything they need when they need it in a single place greatly reducing the anxiety around making sure your family is taken care of when you can no longer take care of them yourself.

Everything from traditional assets like stocks, bonds and real estate to alternative assets like cryptocurrencies, domain names, and digital art can be organized in Kubera. You’ll see all of your assets and their automatically updated values in a single place. And so will your family when the time comes.

How and when is the information shared?

Tracking your assets and holding important documents in a single place with Kubera is great for you and your family. But you may not want your family or friends to have access to this information right away. Everyone has an opinion and advice regarding financial matters and you might not want to hear either. And of course, certain decisions you make could upset or anger people. There is also a lot of stigma around wealth so you may prefer not to disclose the level of your wealth during your lifetime.

Usually tools with great sharing features like Google Docs, Sheets and Notion allow you to enter information and instantly share it with someone. E.g. I had my Google Sheets with all my critical information shared with my wife years ago. But I'm pretty sure that she has forgotten about it. If something happens to me, she wouldn't remember to go and find the document.

In situations like these, Kubera’s sharing permissions are invaluable.

Kubera’s sharing feature is designed for the purpose of ensuring safe transfer of the critical information to your loved ones only when the time comes. It’ll take care of the social stigma problem and also the notification is timely that there’s less chances of it being ignored or forgotten.

Kubera ensures safe transfer of your portfolio to the beneficiary

As a user of Kubera, you can nominate a contact as your Beneficiary. Kubera has a “life beat” check. If you’re inactive for a certain number of days and don’t respond to Kubera’s attempts to reach you, a mail with all your information in industry standard formats (Excel & ZIP) will be sent to your Beneficiary. A fall back contact (Trusted Angel), who you trust to help out in difficult times, can also be optionally nominated to receive this mail, in case the Beneficiary fails to respond even after multiple reminders.

Bottom Line

We all have financial information that needs to be managed. Not only do you need access to important documents on our own, but it’s also vital that others have access to these items when the time comes. With Kubera, you have the tool you need to manage all aspects of your financial information.

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Kubera helps you organize all your wealth in one place and keep regular track of your net worth. It also ensures safe transfer of this information to your beneficiary.

Sounds interesting? Please Sign Up (on your desktop) and take our 100 days trial. We want you to take your time to carefully organize your assets, set your beneficiary and track the updates.