Estate Planning Checklist
- Inventory Your Assets
List all your assets, including real estate, bank accounts, investments, and personal property. Don’t forget digital assets like online accounts and cryptocurrencies.
- Identify Your Beneficiaries
Decide who will inherit your assets. Consider both primary and contingent beneficiaries.
- Create a Will
Ensure your wishes are legally documented. Appoint an executor to manage your estate.
- Establish a Trust
Protect your assets and provide for your loved ones. Consider a revocable living trust for flexibility.
- Designate a Power of Attorney
Choose someone to make financial and legal decisions if you’re unable to do so. Ensure they understand your wishes and responsibilities.
- Set Up Advance Healthcare Directives
Document your healthcare preferences. Appoint a healthcare proxy to make medical decisions on your behalf.
- Review and Update Beneficiary Designations
Ensure your life insurance, retirement accounts, and other policies have up-to-date beneficiaries. Regularly review and update as needed.
- Plan for Long-Term Care
Consider your options for long-term care insurance. Discuss your preferences with your family and healthcare providers.
- Organize Important Documents
Keep all your estate planning documents in a safe, accessible place. Inform your executor and loved ones where to find them.
- Schedule a Consultation with a Professional
Ensure your estate plan is comprehensive and legally sound. Contact us to schedule a consultation and secure your peace of mind.
By following this checklist, you’ll be taking crucial steps to protect your legacy and ensure your wishes are honored. For personalized guidance and to ensure all your bases are covered, schedule a consultation with us today. Your future self and loved ones will thank you.