Breakthrough Wills and Estate Planning Series

#5 Your Goals for Specific Properties

Read the previous post in my Breakthrough Wills and Estate Planning Series, #4 Why Legal and Moral Obligations Matter.

You may wish to deal with specific assets, such as key properties like a business, heirlooms or a beneficiary’s request, in your planning.

Later I will show you how to deal with specifics like whatever is in your china cabinet. Just list your major goals right now.

1. ____________________________________________
2. ____________________________________________
3. ____________________________________________

Questions to Ask Advisors

Do you need help with specific goals or assets? For example, do you have a person with special needs or a second property or business?

List questions that may be preventing you from getting started. This list will help you keep track of the key questions you need answers for.

Questions To Ask …

Your lawyer:
Your tax advisor:
Your financial advisor:

Where Are Your Valuable Documents?

If you already have a will or other estate documents in place, now is the time to dig them out for a checkup. Clients often tell me they have wills but cannot find them. Make sure you locate your original estate documents like wills and powers of attorney.

Powers of attorney – your signed legal documents that designate agents to handle your finances or health-care decisions while you are alive.

The key is for you to look at estate planning as an ongoing process. Keeping your financial house in order is important, and this review will help keep you organized.

Sure, you are busy making a living or taking care of the kids, but you must take stock of where you are at some point. I think it’s a good idea to take a moment to assess your readiness to deal with the unexpected.

Do you need help making your will? Want to get started but not sure what’s involved? I can help you. Contact me for a meeting.

I am a Certified Specialist in Estates and Trusts Law.