A comprehensive estate plan ensures your wishes are carried out and your loved ones are protected. Use this checklist to make sure you have all the essential components in place.
Last Will & Testament: Directs how your assets should be distributed, names guardians for minor children, and designates an executor to manage your estate.
Revocable Living Trust: Allows assets to pass to beneficiaries without probate, provides privacy, and enables management of assets if you become incapacitated.
Financial Power of Attorney: Authorizes someone you trust to manage your financial affairs if you're unable to do so.
Healthcare Directive / Living Will: Specifies your medical treatment preferences and designates a healthcare proxy to make decisions on your behalf.
Review beneficiary designations on retirement accounts and life insurance (these override your will), consider whether you need a special needs trust for disabled beneficiaries, organize important documents and share their location with trusted family members, and review and update your plan every 3-5 years or after major life events.