1. Designate an agent for your medical care and your financial needs (via Powers of Attorney).  Also contemplate your end-of-life decisions (on prolonging care, for example).
  2. Review and update your will and trust (if applicable).
  3. Write your Tangible Personal Property Memo, the list of who should get which tangible non-titled item after you’re gone (like the necklace, artwork, or dish collection).
  4. Name a person(s) to care for your minor children in the event you are incapicated.  Discuss this duty with the person you want to name.
  5. Scrutinize the titling of and beneficiaries of assets (retirement accounts, life insurance, real estate, bank accounts).  Change as recommended by your Estate Planning Attorney.
  6. If you have a trust, have you funded it (as recommended by your attorney)?
  7. Consider making annual and/or marital gifts.
  8. Do you have closely-held business interests, non-liquid assets, or other non-standard considerations?
  9. Will your estate have need for cash to pay debts and administration expenses?
  10. Speculate on the need for long-term care insurance.
  11. Discuss burial and funeral arrangements; make your desires on organ donation clear; write an obituary.
  12. Give consideration to charitable gifts (during your lifetime, at your death, in the form of charitable trusts, as beneficiaries of life insurance or retirement accounts).
  13. If you have minor children, or plan to leave significant assets to someone who isn’t good with money, discuss alternatives.
  14. If you have multiple residences, make sure you and your attorney both know this.  Where you “domicile” makes a big difference to your estate plans.

Rev 06/14

The information presented on this website is general in nature and not intended to be legal advice. No attorney-client relationship will exist with Jones, Kuriloff & Sargent, LLC unless we agree in writing after a personal consultation. Please contact us for a consultation on your particular situation.

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