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Investments & Retirement
Real Estate
Cash & Banking
Mortgages
Cards & Loans
Other Assets
Monthly Cash Flow
Where It Comes From & Goes
Monthly Lines
What Really Happened
Bank Accounts
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Import a Statement
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Taxes
Mortgage Interest
Guide and examples (a template to help you write; not your saved notes)
Tax Planning
Your annual review
Guide and examples (a template to help you write; not your saved notes)
Where We Stand
| Financial accounts | — |
| Real estate value | — |
| Mortgage debt | — |
| Crypto (conservative) | — |
| Other debt | — |
| Current net worth | — |
Affordability Is About Cash Flow, Not Net Worth
Before a major discretionary purchase, ask whether your normal monthly cash flow can absorb it without selling investments, borrowing, or weakening the emergency reserve.
What We Are Doing Right
Strengths go here
Use these cards to record what your household is already doing well, based on your own accounts and goals.
Keep low-rate debt in perspective
If you hold unusually low-rate, long-term debt, preserving liquidity is often more useful than prepaying it.
Education savings
Track education-savings contributions and keep them sustainable while household cash flow is still being strengthened.
Estate planning status
Track where your estate documents stand: wills, guardians, trustees, beneficiaries, power of attorney and health directives.
What Could Actually Hurt Us
1 · Monthly cash flow
Record the household risks that matter most to you. Thin monthly cash flow is a common one worth monitoring.
2 · Concentration
A large share of family wealth is tied to local-area real estate. New wealth should increasingly diversify into liquid financial assets rather than another leveraged property.
3 · Crypto + leverage
If any assets are financed with loans (for example a loan secured by crypto or other investments), review balance, APR, LTV, liquidation threshold and platform risk at least quarterly.
4 · Correlated risk
Employment, RSUs, technology markets and crypto can all weaken during the same downturn. The key is avoiding a forced asset sale when markets are down.
Cash Does Not All Need to Sit in Savings
Protect What We Already Built
Umbrella
Review your umbrella liability coverage. Confirm all properties are reflected in the underlying exposure, then compare quotes at higher coverage limits.
Life / Disability
Verify life insurance coverage, terms and beneficiaries for all earners, and confirm disability coverage. Protecting earning power often matters more than chasing a little extra investment return.
Debt Order
What We Do Next
- Add the concrete next actions from this review.
- Document the terms of any leveraged position (APR, LTV, liquidation threshold).
- Confirm insurance coverage is adequate and compare higher limits.
- Complete estate documents: wills, guardians/trustees, beneficiaries, POA and health directive.
- Maintain a stable liquidity target (for example 6–9 months of essentials).
- Keep education-savings contributions sustainable.
- Increase retirement contributions once monthly cash flow allows.
How to Think About the Properties
Property 1
Note the hold case for each property (rate, cash flow, equity).
Property 2
Flag any property that deserves an annual after-tax Hold vs Sell review.
Primary Home
Refinance only when the after-closing-cost break-even is compelling—not just because a headline rate looks lower.
Long-Term Direction
| Annual return | 5 years | 10 years |
|---|---|---|
| 4% | — | — |
| 7% | — | — |
| 9% | — | — |
The Household Agreement
A common version: keep monthly cash flow positive, hold enough stable liquidity to weather a loss of income without forced selling, and make sure major risks are covered by insurance and estate planning before large discretionary purchases.
Family Estate Plan
Guide and examples (a template to help you write; not your saved notes)
Will Drafts
Key Terms
- Primary beneficiary: [Partner B's full legal name], if they survive Partner A by 30 days.
- Children next: If Partner B does not survive Partner A, the residuary estate is divided equally for Partner A's children in separate trusts.
- Child trusts: Support may cover health, education, maintenance, housing, transportation and general welfare. Outright distributions: 1/3 at 25, half of the remainder at 30, balance at 35.
- Guardian / Trustee: May be different people; primary and backup choices remain to be completed.
- Personal Representative: [Partner B] first; successor remains to be completed.
- Real estate: Fiduciaries may retain, lease, manage, refinance or sell property and continue normal secured-debt payments.
- Digital assets: Fiduciary access authorized to the extent permitted by the laws of [STATE] (for example, your state's digital-assets law); credentials stay separately secured.
- Nonprobate assets: Beneficiary-designated accounts must be coordinated separately with this plan.
Last Will and Testament of [Your Full Legal Name]
ARTICLE I — FAMILY. I, [YOUR FULL LEGAL NAME], a resident of [COUNTY], [STATE], being over eighteen years of age and of sound mind, declare this instrument to be my Last Will and Testament and revoke all prior wills and codicils. I am married to [SPOUSE'S FULL LEGAL NAME]. I have [NUMBER] children: [CHILD 1 FULL LEGAL NAME], born [DOB], and [CHILD 2 FULL LEGAL NAME], born [DOB]. “My children” includes any child later born to or legally adopted by me.
ARTICLE II — EXPENSES AND DEBTS. My Personal Representative may pay legally enforceable unsecured debts, funeral and disposition expenses, expenses of my last illness, and reasonable administration expenses. Secured debt need not be paid in full solely because of my death. My Personal Representative may continue scheduled payments, refinance, sell, retain, or otherwise manage encumbered property as appropriate.
ARTICLE III — RESIDUARY ESTATE. I give all property and interests I have legal authority to dispose of at death, including my separate property [and my interest in community property, if my state has it], to [SPOUSE'S FULL LEGAL NAME] if they survive me by 30 days. If they do not, my residuary estate shall be divided into equal shares for my then-living children and held under Article IV. A deceased child's descendants take that child's share by right of representation.
ARTICLE IV — CHILDREN'S TRUSTS. A separate trust shall be created for each child. [PRIMARY TRUSTEE] shall serve, then [SUCCESSOR TRUSTEE]. The Trustee need not be the guardian. The Trustee may distribute income or principal for health, education, maintenance, support, housing, activities, transportation and general welfare; pay providers directly; address unequal needs; fund education; and purchase, retain, lease, improve or maintain housing for a beneficiary. Unless protective circumstances justify withholding, distribute 1/3 at age 25, half of the remainder at 30, and the balance at 35. A deceased beneficiary's remainder passes to descendants by representation, or otherwise to the other descendant trusts. Spendthrift protection applies to the fullest extent permitted by law. The Trustee may manage, invest, sell, lease, refinance assets and hire attorneys, accountants, advisers and property managers, with reasonable compensation and reimbursement.
ARTICLE V — REAL PROPERTY. My Personal Representative and Trustee may retain, lease, manage, refinance or sell real property and may use rental income or estate/trust assets for mortgages, taxes, insurance, repairs, HOA charges, management fees and other expenses.
ARTICLE VI — DIGITAL ASSETS. I authorize my Personal Representative and Trustee to access, control, manage, transfer, archive, delete or dispose of my digital assets and electronic communications to the fullest extent permitted under the laws of [STATE] (for example, your state's digital-assets law). This includes cryptocurrency, wallets, exchanges, cloud storage, email, social media, domains, digital files and authentication devices. Credentials and recovery information shall be maintained separately at [SECURE LOCATION].
ARTICLE VII — GUARDIAN. If a guardian is required for a minor child, I nominate [PRIMARY GUARDIAN], then [SUCCESSOR GUARDIAN], subject to the court's determination of the child's best interests.
ARTICLE VIII — PERSONAL REPRESENTATIVE. I nominate [SPOUSE'S FULL LEGAL NAME], then [SUCCESSOR PERSONAL REPRESENTATIVE]. I request that my estate be administered with the least court supervision permitted by the laws of [STATE], and that no bond be required unless the law requires it.
ARTICLE IX — SURVIVORSHIP. A beneficiary must survive me by 30 days unless otherwise provided. If the order of death between me and my spouse cannot be established, they shall be treated as having predeceased me for purposes of this Will.
ARTICLE X — NONPROBATE ASSETS. I recognize that assets may pass outside this Will by beneficiary designation, survivorship, TOD/POD designation, trust ownership or similar arrangement, and intend those arrangements to be reviewed periodically for consistency with this plan.
ARTICLE XI — GENERAL POWERS. My Personal Representative and Trustee shall have powers available under the laws of [STATE], including powers to sell, exchange, lease, manage, invest, reinvest, settle claims, compromise disputes, execute documents, and distribute property in cash or in kind.
ARTICLE XII — GOVERNING LAW AND SEVERABILITY. The laws of [STATE] govern. If any provision is unenforceable, the remaining provisions remain effective.
Before Signing
- Partner A Will: Draft · not signed.
- Partner B Will: Draft · not signed.
- Confirm each child's DOB and legal full name.
- Select primary and successor guardian.
- Select primary and successor trustee.
- Select successor Personal Representative for each will.
- Select secure location for digital-asset access instructions.
- Confirm whether surviving spouse should receive 100% outright or whether part should be protected for the children.
- Review beneficiary designations on retirement, HSA, insurance and TOD/POD accounts.
- Attorney review, two disinterested witnesses for each will, and self-proving affidavit/notary as appropriate.
Family Financial Plan
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