Estate Planning will ascertain that your assets go to your intended heirs.
You do not leave behind an Administrative Nightmare.
What Should We Be Thinking About to Begin the Estate Planning Process?
A) Review & Update Wills for Life Events:
Births, Marriages, Divorces, Deaths.
B) Review Guardians for your children
Who will care for children?
Who will manage money for children?
**Has Relationship, Health of Guardian changed?**
C) Health Care Proxy Form
This form gives the person you choose as your agent the authority to make all health care decisions for you.
Has coverage & beneficiary designations been updated?
(Passes by operation of law - outside of probate.)
Retirement Assets-----IRA's, 401k's, Pension: (Pass by operation of law---outside of probate---Not by Will)
A) Review primary and contingent beneficiaries
How Can We Make the Process Easier?
1) Prepare Emergency List for Family Members
A) List Advisors' Names, Addresses and Phone Numbers
B) Summary of Insurance & Assets
C) Location of Important Documents
Wills, Trusts, Health Care Proxies, Powers of Attorney
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