![]() ![]() Plus, an estate planning attorney can help you know what you should and shouldn’t put in your will. Talking to your financial advisor or an estate planning attorney can help you pick the right option for you and your family. Whether you choose to distribute your assets through a will or a living trust is up to you. Without one of these two plans, the state will distribute your assets, so they may not go to the people you want. A legal will is one way to make your wishes about your assets known the other option is usually a living trust. When most people think of estate planning, they usually think of writing a will. Certificates of marriage, divorce, citizenship, or adoptionĭon’t forget to let your emergency contacts know where these documents are stored so they can find them if needed.You can help your family by gathering these documents and putting them in a safe, secure location. Gather What You Haveįor families who have recently lost a loved one, it can be difficult to track down all of the documents they need for death certificates, life insurance, veterans’ benefits applications, and closing an estate. Only undertake estate planning with the help and assistance of an attorney licensed in your state. You can make your estate planning checklist using the points below, or you can download our estate planning checklist here.ĭISCLAIMER: Individual circumstances and state laws vary. ![]() There are so many estate planning documents to consider, so how do you know where to start?Ī checklist is a great place to start! Starting with a checklist can help you track what you’ve already taken care of and what you still need to work on. Afterward, the individual can decide who they believe is the best fit to handle their end-of-life decisions as well as who to give their property after death.Most of us know that estate planning is important, but many people don’t take care of their estate planning because they find it intimidating. ![]() To create an estate plan, an individual will need to understand the laws in their State and gather a list of their assets. This is especially useful in the chance a person can no longer pay bills or take care of everyday matters for themselves. Power of Attorney – Select an individual to act as an agent and make financial decisions while alive. Select a spouse or family members and detail exactly who will and who won’t be a beneficiary. Last Will and Testament – Used to designate how personal assets will be distributed after death. ![]() Also allows the selection of end-of-life treatment options. Estate Planning Checklists: By StateĪdvance Directive – Choose a person to assist and make medical decisions in the chance someone cannot do so for themselves. In addition, someone can establish who will get what after they die and whether it’s best for the estate to go through the probate process. This will allow a person to decide who they would like to handle their personal finances if they should not be able to themselves. 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 best. 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. ![]()
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