Would you tell your married kids everything about your finances ?

and a more general point about online accounts, or anything online.
they cannot be accessed without password.
there have been cases where say a younger person dies suddenly, and even family photos cannot be accessed, as the relatives have no way of getting into the deceased's accounts.
the operator, eg facebook, absolutely refuse to assist.
this adds to the anguish for the bereaved.

Germanshepherdsmum

Have a file with details of your bank accounts, pensions and investments which will give your executors all they need to know when you die. They don’t need to know now, and as has been said things will change over the years.

I really need to do this. I've spread my assets (eggs in different basket thinking) and I'm not sure my DD will be able to find them all.

As GSM has said, have everything together in one place where it can be easily found when the time comes.

Have a file with details of your bank accounts, pensions and investments which will give your executors all they need to know when you die. They don’t need to know now, and as has been said things will change over the years.

Elizabeth27

Your assets may not be as they are now when you die, you could live another 30 years and who knows what will happen.

I don't see that your children need to know until the will reading.

Thank you. It was more of a hypothetical question if we became incapacitated or died within a short space of time together. I have known a few couples that passed away within months of each other. The odds are that it probably won't happen that the surviving one will put things in place. One thing that I have learnt is that money and family don't mix

I agree with Elizabeth27.
I wouldnt dream of telling my sons how much i have any more than i would want to know how much they have.

ExDancer

I'm not quite sure I understand the question?
My two children have joint POA, how is it possible for one of them to betray the other? They have seen our wills and are happy with them.
Have you found a loophole we haven't considered?

There are two types of PoA - jointly and severally — they can make decisions together or independently (for example, either all sign any document, or one attorney alone can sign any document) severally — they can make decisions independently (and one attorney alone can sign any document). My brother was able to make decisions independently without my knowledge.

Your assets may not be as they are now when you die, you could live another 30 years and who knows what will happen.

I don't see that your children need to know until the will reading.

My 3 have POA jointly they know my wishes and I have full trust in them all.

I'm not quite sure I understand the question?
My two children have joint POA, how is it possible for one of them to betray the other? They have seen our wills and are happy with them.
Have you found a loophole we haven't considered?