Dave gives the list of what he puts in his "I love you" drawer, which is the records his loved one will need in the event of his death.
QUESTION: Dawn wants to know what should be in the “I love you” drawer. It’s the drawer that your loved ones go to if something happens to you.
ANSWER: In my love drawer, it has my financial life, organized and spelled out in clear detail. It has my wills, everything about my estate plan, instructions for a funeral, all my mutual fund statements (along with a summary statement of them), all my insurance statements of every kind, access to the safe deposit box, which also has a copy of the will ... everything.
It’s your financial life is organized and right there, so someone can thumb through them and have a good financial picture of what to work with in a matter of minutes, or just an hour after they open it. It’s one way I say “I love you” to my wife.