Starting the estate planning process can feel overwhelming. However, just a bit of preparation will make your initial appointment with our attorneys a great experience. Here is a quick guide to help you get ready:
1. Gather Key Documents
Before your meeting, collect important documents:
- Current Will and Trust: if you have them, bring these for review.
- Financial Statements: include recent statements from your bank, investment, and retirement accounts.
- Property Deeds and Titles: bring documentation for real estate and significant assets.
- Debt Information: gather details on any outstanding loans or mortgages.
2. List Assets and Liabilities
Create a summary of:
- Assets: real estate investments, personal property, bank accounts, and minerals.
- Liabilities: outstanding debts and loans.
- Make a list of unique assets or liabilities if they exist.
3. Identify Beneficiaries and Executors
Decide on:
- Beneficiaries: who will inherit your assets and what percentage or specific part of your estate? Note their full names and contact information.
- Executors: who will manage your estate once you pass? Choose someone reliable for this responsibility.
4. Clarify Your Wishes
Think about:
- Healthcare Directives: who will take care of medical care if you are unable to make decisions for yourself.
- Contributions: any people, churches, or organizations you would like to support through your estate.
- How you would like your estate divided once you are gone.
5. Prepare Questions
Write down any questions you have, such as:
- What estate planning documents do I need?
- Do I need a will or trust?
- How often should I update my plan?
- What are the tax implications?
- What do I tell my family about my estate plan?
- Can I change my estate plan in the future?
- How do I get everything organized?
Being prepared will ensure you make the most of your estate planning appointment. Every appointment is different and unique, be sure your appointment answers all of your questions.
