Answer Book question
Build one page: every account, policy, investment, property and loan, with institution, number, nominee and where the document is. Update nominees. Set up a joint account or mandate for an adult child on the main account. Make sure health cover is adequate and known. Then tell both parents and all siblings where the page is.
Build one page: every account, policy, investment, property and loan, with institution, number, nominee and where the document is. Update nominees. Set up a joint account or mandate for an adult child on the main account. Make sure health cover is adequate and known. Then tell both parents and all siblings where the page is.
A mother has a stroke. The son in Bahrain cannot access her accounts, does not know which hospital the policy covers, and finds the ATM card locked. The sister in Kochi spends the first week on logistics instead of with her mother.
The Family Asset Inventory is the foundation for every later step. hospitalisation, power of attorney, death claims. It is not about control; it is about not having to guess.
Inventory completeness Nominees Joint holder or mandate on the expenses account Health policy and network hospital known Medicine list and doctor contacts Will for property Digital access: phone PIN, banking app, email
Doing it after the first emergency, when the parent can no longer sign.
Children abroad should do this during one India visit. Kerala Rising's Family Asset Inventory template is designed for exactly this afternoon.
One visit: inventory page, eleven nomination forms, joint holder added, policy schedule photographed, medicine list in the family WhatsApp group.
Parents who resist should not be forced; start with the health pieces they are willing to share.
Fill the inventory Fix nominees Add a joint holder or mandate
What nominees should my elderly parents update now? What financial documents should elderly parents tell their children about? My parents refuse to discuss money. Where do I start?
Senior-citizen services · Family support
India Post / SCSS rules · IRDAI annuity product guidance · RBI deposit insurance (DICGC) limits · Kerala Social Security Mission and Social Justice Department for pension schemes Rates, limits and whether you may qualify change. Confirm with the official source. Ask Kerala Rising: Send us your parents' rough monthly expenses, their income sources and what lump sum exists. We will help you see whether it holds up. and what to organise before there is an emergency. WhatsApp +1 443 595 9000 · keralarising.com Kerala Rising › Seniors › Retirement · Retirement 19
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