Estate Planning Checklist
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How to Shelter Your Estate Plan from Disasters, Part II – The Importance of Estate Planning Forms, Documents and Checklists
The devastating effect the coronavirus outbreak has had on economic conditions inspired me to share with you a 7-step checklist on how to shelter your estate plan from disasters in last week’s edition of Retirement Watch Weekly. Today, I’ll complete that checklist… Step 4: Document your property. To recover all or most of what you […]
The Ultimate Will and Estate Planning Checklist and Basics Guide
The Ultimate Estate Planning Checklist and Basics Guide – Table of Contents Identifying Loved Ones Assets and Property Non-Financial Issues Legacy The Will Estate Planning Documents Estate Asset Identification and Tracking Health Care Directives Financial Power of Attorney IRA and Retirement Beneficiaries Avoiding Probate Living Trusts QTIP Trusts Spouse’s Estate Considerations Life Insurance Business Ownership […]
The Essential Estate Planning Questionnaire and Checklist Provides Simple Questions in Preparing for Retirement
Estate Planning is not all about reducing estate taxes. That always was the case, but few people realized the importance of the non-tax factors until the 2001 tax law began the phase out of the estate tax. Every estate plan, regardless of the estate’s size, needs to address certain issues. Ignore these issues, and your […]
Estate Planning Checklist – 10 Simple Ways to Protect Your Assets, Part II
Here’s Part II of my retirement Asset Protection Plan. To review Part I, click here. 6. Create trusts. Irrevocable trusts usually protect assets from creditors of either the grantor or the beneficiaries of the trust. They also ensure that the assets are out of your estate for tax purposes. A good asset protection trust should […]
Estate Planning – 10-Step Asset Protection Plan and Checklist Part I
Taxes, the IRS, attorneys, and estate processing costs are not the only enemies of your wealth. More and more people are concerned about creditors, especially those created by lawsuits. With the estate tax not a concern for most, insurance coverage being reduced, and law suits increasing, many people are more concerned with this potential leak […]
Will and Estate Planning Checklist Helps to Protect Heirs
Are you taking advantage of all the tools available to get your property to the next generation or other beneficiaries at a minimum cost in expenses in taxes? You are if you have taken or considered each of these factors. Do you have an up-to-date will? If you have minor children, does the will name […]
7 “Action Steps” Missing from your Estate Planning Checklist and Strategy: Part 2
No matter what your net worth is, an estate plan is always worth putting into place. It’s a legally binding document that spells out who gets your assets… It offers ways to limit the tax burden on your estate… And it helps your loved ones from having to deal with too many administrative nightmares after […]
The 7 “Action Steps” Missing from Your Estate Planning Checklist and Strategy
Most people, especially those with at least modest wealth, have engaged in some Estate Planning. Yet few people have complete plans. More likely than not, your estate plan is going to have gaps. There are plenty of anecdotes to support the statement, but there is also concrete evidence. I regularly see surveys of either estate […]
