How to prepare for a estate planning meeting?

  1. Research Analyst profile image81
    Research Analystposted 8 years ago

    How to prepare for a estate planning meeting?

  2. angstmanjohnson profile image62
    angstmanjohnsonposted 8 years ago

    1.Make a list of the people/charities that you would like to name as a beneficiary of your estate.

    2.Think of a couple of people who you think would be capable of handling your estate (these people will be named as Personal Representative/Executor in your Will).

    3.Think of a couple of people who you think would be capable of handling your financial affairs and/or health care decisions if you are unable to make the decisions yourself (these people will be named under your Power of Attorney).

    4.Make a list of all of your assets. Make sure to include all bank accounts, Certificates of Deposit, real estate, stocks, 401(k)s, Life Insurance Policies, etc.

    5.Make a list of all of your liabilities such as your mortgage, car loans, loans on a 401(k), etc.

    6.Bring a list of the names and contact information for your accountant, financial advisor, etc.

    7.A list of the names, addresses and birthdates of your children.

    8.If you have a minor child, you will want to think of a couple of people whom you trust to take care of your children in the event that you die before they are 18 years old.

    1. SantaCruz profile image71
      SantaCruzposted 5 years agoin reply to this

      That's a good start, thx! I found a comprehensive (40 pages+) guide to estate planning here: http://www.livingtrustvswill.com/estate-director.php.

 
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