10 Steps for Estate Planning

March 11th, 2011

Why is estate planning important?

When planning for our future, especially our family’s future, we often have specific instructions for how and where we want our possessions to be distributed on the occasion of our death. Each state has different regulations and rules about one’s assets after their death. If you do not prepare your own Estate Plan or Will, the government will decided how and to whom your possessions will be given. This is often a long, unfair and saddening process for family members who are already coping with the grief of losing a loved one. To avoid this you should begin by planning a distribution of your assets and belongings in a legal will.

Who needs estate planning or a legal will?

Whatever the circumstances and despite age, estate planning and a legal will is something we should all have prepared. However, knowing how to articulate our wishes or knowing what information is needed can be a difficult task.

Following this 10 Steps for Estate Planing Checklist can help collect and organize the information you need to plan your estate and prepare a will.

10 Steps For Estate Planning

  1. Family Information
  2. Financial Information
  3. Goal Setting
  4. Legal and Tax Analysis
  5. Plan Recommendations Continue reading “10 Steps for Estate Planning” »