Tuesday, September 27, 2005

Disaster planning should include financial data

Personal Finance and Financial Planning
Disaster planning should include financial data

September 26, 2005

WASHINGTON — Following Hurricane Katrina, we're all being told to do some disaster planning. Create an evacuation box that contains your key personal documents, experts say.

Yet Connie Bracher, a California tax professional, learned from experience that even the well prepared can't plan for the unexpected.

When Bracher's Crestline, Calif., neighborhood was being threatened by wildfires last year, she wasn't allowed to return to her home.

"If you have a disaster box with your important papers, what happens if you can't get back into your home to retrieve it?'' asked Bracher, who knows all too well that following a disaster such as a fire, hurricane or earthquake, records may have to be reconstructed in order to prove a loss.

What happens if the bank where you rented a safe-deposit box with all your vital records is destroyed?

Rutland Herald: Rutland Vermont News & Information


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