![]() If you have specific wishes for where you would like to be buried or for what you would like done with your remains after your death, your estate planning attorney can prepare a document to help make your wishes clear and appoint someone to handle these requests. Use This Helpful Checklist Review your will, checking for updates that may need to be made because of a change in your life or a beneficiarys. Your Final Arrangementsĭiscuss your final arrangements with your estate planning attorney as well as your family. You will also want to make sure that a plan is put in place to retain key employees, to bring family members into the business when you are ready, and to help ensure the long-term survival of the business. If you are the owner or co-owner of a family-owned or closely-held business, it is imperative that you discuss business succession issues with your attorney. You may want to put it in trust or pay for someone's education or medical expenses. There are more ways to make a gift than simply writing a check to someone. If you are thinking about making gifts during your lifetime, be sure to discuss this with your attorney. We’re here to help you initiate your estate planning journey or update your existing estate plan. If you find that you have more unchecked boxes than checked ones, please don’t hesitate to reach out to SJF Law Group at 95. Discuss Lifetime Gifts With Your Attorney Upon submission of the form, our checklist will be sent to your provided email address. Whether a trust is right for your individual estate planning needs should be discussed with your estate planning attorney. Keep in mind that trusts, especially revocable living trusts, are not one-size-fits-all. It is also important to consider the timing of that charitable gift - whether it should be made while you are alive or if it would be better to make the gift after you pass away. Your attorney can discuss with you the different vehicles available for making charitable gifts, be they outright gifts, gifts in trust, or gifts made through a private foundation. It can help you make a gift to a beneficiary, or to ensure that funds are available to your estate to pay for your final expenses. 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. Life insurance can be a very helpful tool in estate planning. 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. ![]() If you don't have any beneficiary designations, you should make sure that they are put in place where appropriate, and that they are in line with the rest of your estate plan.ĭepending on your individual circumstances, you may want to consider purchasing life insurance. After you have considered your will and ancillary documents, you will want to confirm that your beneficiary designations are in line with your overall estate plan.
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