ESTATE PLANNING BINDER CHECKLIST UPDATE

ESTATE PLANNING BINDER CHECKLIST UPDATE

You should always work with an estate planning attorney in order to make sure you have all of the necessary documents in place, and that all of these documents are created correctly.Īn estate plan will not update automatically if something in your life changes, so you need to be sure to update your plan after any major life event. There are several different estate planning documents that all serve different purposes. You will want to think carefully about who you want to inherit your assets, who you trust to care for your children, and who will handle your affairs after you pass away.Īn estate plan doesn’t take effect unless it is correctly documented. Throughout your estate plan, you will need to designate different people as beneficiaries, trustees, guardians, and to other roles. Make a list of everything with your name on it - this includes bank accounts, credit cards, property deeds, student loans, retirement accounts, insurance policies, etc. Whatever your specific goals are, take a little time to sit down and write them all out.īefore determining who gets what, you need to have a detailed list of all of your assets as well as all of your liabilities.

What do you want to accomplish with your estate plan? Maybe you want to make sure you have some assets set aside that you can leave to a charity you love, or maybe you have young children and your number one priority is ensuring they are well taken care of. Here are five estate planning steps everyone should have on their checklist when working on their estate plan.

By following an estate planning checklist and working with an experienced attorney, getting a plan in place for your future is a lot simpler than you might expect. Creating an estate plan doesn’t have to be overwhelming.

Estate planning binder checklist