Do your parents/partner know about your investments/debts ?

I'm thinking of a shared folder on all these. Death seems lurking closer now

I don't disclose my finances

Something I contemplate too. I always thought of doing it like in movies where I have a program running which will send out email with all these details if I don’t refresh the trigger every year or so

1. Wife or parents are nominees for all the accounts
2. On a yearly basis , I share the print out and email all my investments and bank account details to my sister for safe guarding purposes.
3. Need to prepare a will.
4. Educate family more about my investments.

That’s why it’s always ideal to keep a financial planner who can guide your families and nominees in case of demise of a bread earner. We have been doing it since long to make sure the nominee doesn’t have to go through rigorous process of paper work and we can help them plan their finances based on the available cash flows. Happy to help or guide if anyone needs.

My family is very transparent with our finances

Maintained an excel in one drive and shared it with my wife and few close friends.

Not regularly. But they do know about it periodically

My wife knows… we share our finances and have common tracking sheet for our investments. Our details of each investment account is also shared, so that the other person is aware of the account and investment details.