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An estate planning checklist is a guide on how to plan an individual's assets and end-of-life health care if they should die or become incapacitated. By following the checklist, an individual can get an idea of the estate laws in their State and choose which forms suit their personal financial situation and health needs best.
Estate planning checklist 2024. The best way to approach estate planning for the first time is to make a checklist for yourself. Everyone has unique needs, and an estate planning attorney may be helpful if your needs are complex.
1. Identify Your Goals. 2. Create a List of Your Assets. 3. Determine What You Owe. 4. Identify Beneficiaries. 5. Plan for Illness or Incapacitation. 6. Decide if You Need Life Insurance. 7. Plan for the Estate Tax, if Necessary. 8. Decide if You Need to Create Trusts. 9. Determine the Documents You Will Need. Do I Need an Attorney?
1. Identify the Steps Necessary to Protect Your Wealth. 2. Consider the Needs of Your Heirs. 3. Make a Plan for the Transfer of Assets. 4. Address Other Issues Raised by Your Death. 5. Prepare...
Our FREE Personal Estate Planning Kit is a tool for organizing your estate — saving you time, protecting your assets, and helping you establish your legacy.
In this guide, we’ll cover: • What an Estate Plan includes (page 2) • Information that will be needed to complete an Estate Plan (pages 3-9) • Other important estate planning terminology and definitions (pages 10-11) Getting started is easy!
1. Take inventory of everything you own. Any planning for what happens to your property has to begin with a list of that property so you can decide what to distribute and to whom. Take plenty of time to think about your property, listing: