Estate Planning

Ten Critical Estate Planning Questions

1. Do you know what will happen to your property upon your death and who would carry out your wishes?

2. Do you know who would take care of your minor children and do any of them have special needs?

3. Would you want your property distributed to your children at age 18 or would it be better if the property was held in trust for their benefit and distributed to them when they are older?

4. Have you adequately planned for special family circumstances such as a second marriage or do you or your spouse have children from a prior marriage that require special planning or wonder about what would happen to your property if it goes to your spouse who may someday remarry?

5. Do you wonder who would be in charge of managing your assets and financial affairs if you become incapacitated?

6. Have you planned for how you would pay for long term care if you need help living at home, in an assisted living center or at a nursing home?

7. Do you have living will and health care power of attorney to be sure you get the medical treatment you want if you are incapacitated?

8. Would you be interested in avoiding the expense and time involved in probating your estate?

9. Have you reviewed your life insurance needs and beneficiary designations to be sure they meet you needs and again are consistent with you overall estate plan?

10. Do you own a business or other investments or have tax issues that might benefit from more sophisticated estate planning strategies?

The above questions illustrate there is more to think about than you may realize. We understand how to be sure your estate plan achieves your objectives. Contact us for a free consultation.

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