An asset concentration file is a tool for centralized registration of all financial assets and personal information (financial, health, legal, etc.).
The purpose of this file is to keep the details of all the assets in one place in an orderly and clear manner.
Why is it important to centralize information about financial assets?
- Enable reflection of the state of financial assets at any given moment.
- Assess the future financial situation (for example, after retirement).
- To streamline economic conduct (e.g., handling the cancellation of double insurance, adjusting insurance to a stage in life).
- Allow, when necessary, other family members to access the relevant information (e.g. in the event of illness or death)
