Your Estate
- Review ownership of assets
- Review insurance for protection of estate assets
- Consider paying heirs' tuition or medical bills
- Determine whether to sell or pass on family business
- Plan for succession of business
- Discuss estate plan with heirs, and revise if appropriate
- Write letter of instruction
- Keep organized financial records
- Review estate plan periodically
- Coordinate estate plan with qualified estate planning attorney and financial planner
- Start by reviewing estate assets and debts
- Decide where you want assets to go
- Start work with financial planner and attorney
- Choose qualified executor for will
- Choose guardians for children
- Secure a durable power of attorney
- Obtain medical power of attorney
- Consider creating one or more trusts
Editorial provided by the Financial Planning AssociationŽ (FPAŽ)
