5 must-have financial documents

Category: Personal Finances


Wills and estate plans are not just for the wealthy, and plans for retirement are not just for older individuals. The following are five important financial documents that everyone should have. Like a lot of people, you may still be procrastinating on some (or all) of these documents. However, it is crucial to act quickly to ensure that your financial future, and the financial future of your loved ones, is safe and secure.


If you have any assets, it is important to ensure that your wishes will be carried out after your death. No matter your age, a will guarantees that your loved ones will be protected.

Retirement plan

It’s not enough to just mentally plan what your retirement will be like—you need to take action. As a working adult, it is never too young to start.

Credit report

Always make sure that you have an up-to-date credit report on hand. You are entitled to a free credit report once a year; take advantage of this and always keep an updated credit report on file.

Power of Attorney

This may also sometimes be referred to as a POA. In case you are unable to make your own financial decisions (for example, if you are in a coma due to an accident), a Power of Attorney will specify which action to take. It also appoints another individual to make any important financial decisions on your behalf.

Financial statements

If you’re a business owner, you should have hardcopies of your financial statements. These documents outline crucial financial information regarding your business. In addition to general financial conditions, they often include operating results, shareholders’ equity, cash flows, and other pertinent facts.

If you’re receiving annuity payments and you need cash now, Peachtree Financial Solutions can help! You have the option to sell structured settlement payments and receive your money now in a lump sum. Whenever you sell structured settlement payments, you have the ability to sell all of them or just a portion of them. Contact Peachtree Financial Solutions today to learn more about how you can sell structured settlement payments for cash now.

Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services. 

Tags: credit reports, power of attorney, retirement, trusts, wills

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