Unexpected death plan

[Mark Abele]

Hopefully this isn't too macabre, but as my portfolio gets bigger I've been thinking about how big of nightmare it would be for my wife to deal with should I die suddenly and unexpectedly. Curious if anyone has some advice or ideas of practical steps to take to make that less stressful for me now and of course easy for her to deal with should the worst happen.

A physical list of numbers/people to call such as tenants or handymen? Or better yet, a property management company I have vetted that she could take everything to? (she wouldn't have time to deal with anything herself as far as property management is concerned) Or should I simply give her names of Realtors I trust to sell the properties?

Has anyone else thought of this and planned in this way?

Thanks in advance for any thoughts and ideas!

[Alexander Felice]

I'm young and don't plan to die for a long time but my portfolio, albeit small, has grown beyond what my wife would be able to reasonably deal with. To assist, I have all my RE info on a spreadsheet and basically written a small book on "how to run this thing from here"

• Lists of what goes on, why it works, and some exit strategies (if she wants to keep it: A, if she wants to sell it: B)
• I have spoken to my partners about this and they know how to assist her if she has to take over as well
• It contains a list of all my financials, passwords, balances, and address, contacts, etc.
• Updated about 2x a year. Its not perfect, but essentially I have a blueprint in place so she doesn't have to figure out what I've spent ~4 years figuring out.

Unfortunately I can't yet tell you if this plan will be effective or not ;) ;) ;)