Estate Planning Checklist

 

I. FAMILY MEMBERS

 

 

Children

 

Child #1

Child #2

Child #3

Child #4

Child #5

 

II. REAL ESTATE

 

* Indicate if rental property.
** I.E.: joint, tenants by the entirety, individual trust.

Primary Residence

Secondary Residence

Investment Property

 

III. INCOME AND ASSETS

 

A. Income

B. Assets

For estate tax purposes, it is important to have some idea of the value of your total assets, including all real estate, cash, securities, proceeds from insurance that would be paid to a beneficiary on your death, and your personal property of significant value.

You can compile more detailed information at section IX of this checklist if you wish; filling in the additional information may help you determine the total value of your assets.

 

IV. DISPOSITION OF ASSETS

 

And have your present Wills or Trusts, if any, and any gift tax returns you have previously filed ready.

 

V. EXECUTORS, TRUSTEES, AGENTS, GUARDIANS

 

You will need to name an individual or individuals to serve as your Executor, to have Power of Attorney over your business and legal affairs, and to act as Health Care Agent. In addition, if you have minor children, you will need to name a Guardian or Guardians for them, and a Trustee or Trustees to administer any trust you set up for their benefit. In addition to names, please supply addresses of proposed Executors, Trustees, Health Care Agents, and Guardians, and their relationship to you:

Note: In the event you choose a bank to serve as your Executor or Trustee, a copy of this form will be sent to that bank, if requested, unless you indicate otherwise.

 

VI. SAFE DEPOSIT

 

 

VII. ADDITIONAL COMMENTS

 

 

ASSETS CHECKLIST

 

NOTE: FILLING IN THE REMAINING INFORMATION ON THIS CHECKLIST IS HELPFUL BUT NOT REQUIRED TO BEGIN THE PROCESS OF DRAFTING YOUR ESTATE DOCUMENTS.

You can fill in some or all of this information at this time if you wish.

 

VIII. ADDITIONAL ASSET AND LIABILITY INFORMATION

 

A. Public Stocks, Bonds, Mutual Funds, etc., (approximate total value)

(If you have a statement or other schedule of your holdings, please attach that. Also, please note any special situations, such as very cost-basis stock or stock options.)

B. Cash and Bank Accounts

Details Needed: Bank & Type (Money Mkt., Savings, etc.) / Approx. Balance / In whose name or names?

C. Life Insurance

Details Needed: Person Insured / Face Amount / Beneficiary / Owner / Type of Policy / Name of Company

D. Family Business Interests

(Have a copy of the most recent financial statement and tax return from the business, and a copy of the Buy/Sell Agreement, if any.)

E. Pension, Profit Sharing, IRA, Keogh or other Retirement Plans

Indicate Company, type of plan, lump sum value or monthly payments, and beneficiary:

F. Tax Shelter Information (including limited partnerships)

G. Miscellaneous

H. Liabilities

 

IX. OTHER PROFESSIONAL ADVISORS

 

 

X. If first time client, please indicate how you were referred: