Introduction
You should work with your attorney and tax specialist to craft an estate plan that reflects your personal needs.
What is the primary goal of your estate plan? Avoid taxes? Providing for your family? Charitable giving?
Have you defined the primary beneficiaries of your estate? What is your plan for giving to your heirs?
If you have minor children, have you named both guardians for them and trustees for your estate?
Do you have life insurance? Is it enough? Who are the beneficiaries?
Do you have long-term care insurance?
Wills
Do you have a will? When was it last updated?
Do you have a living will?
Do you have a health care proxy?
Do you have a durable power of attorney if you are unable to make decisions?
Trusts
Do have have a trust? Is it funded?
Charitable Giving
What charitable causes do you wish to support?
How do you wish to fund those charitable donations?
Summary
Coming soon!
For More on this Topic
Updated on December 21st, 2018