
Use the following eleven-point checklist to find out if your estate planning is on track. Just answer each question "Yes" or "No."
Include a current Will? | |
Name a guardian and standby guardian for your minor children? | |
Name an executor and trustee who are willing and able to carry out your wishes? | |
Take into consideration any special medical or educational needs certain family members may have? | |
Include appointment of a health care agent to make medical decisions for you in case of your incapacity? | |
Take advantage of the benefits of life-time gifts? | |
Include charitable gifts? | |
Minimize taxes? | |
Provide investment assistance for family members who may need help managing their inheritance? | |
Include appointment of an agent to make financial decisions for you in case of your disability? | |
Provide for a smooth and tax-advantageous transfer of your business interests at your retirement or death or if you become disabled? |
Every "No" answer may indicate a gap in your estate plan.
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