“Speaking from the Grave”
31 October 2005
“Speaking from the Grave”
Secure Information Group Limited (SIG) has launchedwww.yourfinalword.com ,designed to enhance estate management for professionals and loved ones alike. This is one of several initiatives in development to take great ideas to the world.
“The death of a loved one is tremendously difficult to cope with at the best of times, let alone dealing with tidying up financial matters. Often it can be the little things, such as receiving a magazine subscription notice months after the estate is completed, that can cause the greatest upset” says SIG Managing Director Mark Maxwell.
It is a fact that many people are simply just not prepared for the one event we can all guarantee we will share at some point in time – our ultimate demise. Not being prepared for this can cause our loved ones additional stress at this already emotional time. While having an up to date Will is vital, much more can be done to ease this stress on those you leave behind.
Professionals can have a difficult job administering someone’s estate when all they have to get started is the information families bring to them. More often than not this is not the complete picture, which creates uncertainty and delay.
At SIG we felt there was a gap in the market for reducing this stress for loved ones in the event of someone’s death. We also recognised that providing a single point to securely store financial records, personal information and even video/photo images for loved ones is hugely important for people who want to provide the ultimate legacy for their family and friends. By adding personal elements to a legal framework, we assist in creating a living will.
Clients now have the ability to access, update and replace vital personal information from anywhere anytime. This includes creating video, photo and text libraries of specific messages only for release at your time of death. What better way to show you care than to leave a virtual message to family and friends telling them all those things you never quite got around to saying.
Clients can elect to provide as little or as much information as they feel would be necessary to make life just that little less stressful if something unexpectedly was to happen to them. Some clients simply take advantage of the message service whilst others provide an overview of their personal financial affairs including specific funeral arrangements, details of magazine subscriptions and notes on business arrangements that friends and family don’t know; but will need to know in managing their estate.
At the time of the persons death, all records are compiled into a single estate management document and distributed to the professional advisor such as Lawyer, Accountant, Professional Financial Advisor or nominated Trustee.
www.yourfinalword.com is available for individual users as well as professional advisors who would like to extend their product offering into estate and personal information management. For a limited time SIG Ltd has waived it’s normal joining fee, and at USD$39.50 annually, this is one of the most cost effective stress reduction options we have found.
Mark Maxwell is Managing Director of SIG. Mark has held a number of management positions during a seventeen year term at Public Trust including General Manager Charitable Services and National Manager Trustee Services Development. He has also recently earned the ACCREDITED INVESTMENT FIDUCIARY™ (or AIF®) professional designation, awarded by the Center for Fiduciary Studies, which is associated with the University of Pittsburgh. Mark is one of less than 100 people currently accredited in the world outside of the USA. Mark can be contacted on (021) 729677.