Page 14 - Book10E

Following a few easy steps to organize your life and you will greatly assist your loved ones when you pass away:
Collect financial documentation into one location: loans, insurance policies, holdings, investments, pensions, financial accounts, safe-deposit box access, tax records, credit reports.
Collect business information and contacts and make arrangements for the transfer of business assets.
Calculate your net worth.
Become familiar with estate tax laws in your area.
Create a Trust account for your assets if necessary.
Find ways to reduce your asset tax liability through gifts or donations while you are living.
Collect personal documentation and contacts: Social Security number, drivers license number, VA claim number, family and lawyer contact information, and membership info.
List the location of valuable belongings, keys, documents, access codes, and online passwords.
Create or update your Living Will. Create or update your Will.
If necessary, make living and guardian arrangements for your children.
Consider purchasing a life insurance policy.
Set up both health and financial durable powers of attorney documents.
Create a letter of instruction.
If you have pets, list their info and veterinarian contact. Seek professional help.
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Estate Planning Checklist
Estate Planning