Electronic Filing Cabinet: Simplify the Organization and Retention of Your Financial Information

By Rebecca Bitting, CTFA, CRSP, Vice President, Trust Officer

Thinking about gathering, organizing, and periodically updating your financial and other important information and then determining how best to safely and confidentially retain this information can initially seem like a daunting task.

Here at Northwest Bank & Trust Company, our Investment Management Group has assisted many clients in developing and maintaining their estate plans over the years. We have also served as Executor or Trustee for many of these same clients and upon their passing have provided valuable services to their families and beneficiaries.

These clients have had estates and trusts that have varied greatly in size and complexity and have had assets that have ranged from personal residences, to farm ground, to vast collections of interesting items and the beneficiaries have ranged from close family members and dear friends, to charities and to their beloved pets. Our years of experience in this area has resulted in the development of a solution that we offer to our clients that we refer to as the “Electronic Filing Cabinet”.

The “Electronic Filing Cabinet” is offered as a tool to our clients to assist them in streamlining the process of gathering their important financial information and retaining the information in a way that it can easily be retrieved for the client so that they can review it, refer to it and easily update it periodically as needed.

We have found that utilizing our Electronic Filing Cabinet gives our clients peace of mind knowing that their information is being maintained in a secure and confidential electronic manner. It also provides the assurance that their information is organized and available for when it needs to be accurately and efficiently communicated to themselves or to the appropriate designated individual(s) at the time of an emergency, in the instance of incapacity, or in the event of their passing so that their carefully made plans can be effectively placed into action.

Let Northwest Bank & Trust Company’s Investment Management Group assist you with organizing and retaining your important financial information by giving us a call today and letting our staff start your “drawer” in our Electronic Filing Cabinet.