Estate Planning Checklist

Whether you realize it or not, you have an estate. It may not be elaborate, but if you own a car or home, have a savings or checking account, life insurance, or personal possessions you have an estate. It comprises of everything you own, big or small. And like the millions of people earth, you want to leave everything you own to your loved ones after you die. In order to make sure your wishes are carried out you need to make a plan in advance- an estate plan.

In your estate plan, naming those you want to inherit your things can make life easier for your loved ones. Estate planning is not just about drawing up a will, but you can outline what medical treatments you want to receive if you become incapacitated, name a guardian for minor children, even name a person or persons allowed manage digital files.

Start Your Estate Plan

Getting everything in order can be overwhelming, but having a checklist can make the process run smoothly. Here is a quick overview of what you should do to start your the process of reassuring your loved ones a promising future. The first thing to do is make a full inventory of all your assets. This includes jewelry, vehicles, real estate, and other assets. Gather bank statements, make a list of insurance policies you have, mortgages, and so on. Figure out who and what you want to inherit your assets, list a trusted person to care for your minor children (if you have any), and who you want to be responsible for distributing your assets. When you’re ready to get your estate plan drafted, seek the professional help from an estate planning attorney. Bring all important documents, a list of questions, and anything else they ask you to bring to better plan your estate needs. Another important thing to remember is to update your estate plan as needed.

Plan Your Estate Now

Many people think that estate planning is for wealthy people or for those who have retired. And many put off estate planning because they think they don’t own enough. This type of thinking can leave your family to pick up the pieces when you are gone, which can become an expensive nightmare. With the help of a professional estate planning attorney, you can rest easy knowing your family will be taken care of. Contact Edmondson Law, PLLC for guidance and the peace of mind knowing your wishes will be met. Call us at 972-442-8326 or visit us at www.wylietxlaw.com to schedule a free consultation.

 

 

Information, Not Legal Advice. We provide the information on this website as a public service. The legal landscape is constantly changing and being modified by state law and case law. As a result, we cannot promise that this information is always up-to-date and reflective of the most current jurisprudence.

We do not intend this information to be legal advice. By providing this information, we are not acting as your lawyer. If you need legal advice, you should contact a lawyer through our number (972) 442-8326 or contact another attorney of your choosing.