Estate Planning Checkup

Estate Planning Deficiencies Check-Up  (Draft)

 

                                                                                                                                       Circle One

Do you have a Will or a Trust in place?

(Without proactive planning, state law will determine how

your assets pass, to whom they pass, and when they pass.

This can lead to undesired results, and is perhaps the most

costly way to pass assets to loved ones.)                                                                  Yes     No     Don’t Know

 

Has your Will or Trust been reviewed in the last two years?

Have there been any family or financial changes since your

plan was last reviewed? (has anyone passed away, been                                    Yes     No     Don’t Know

sued, filed bankruptcy, facing divorce, or the like?)

 

Does your current Health Care Power of Attorney permit the

person of your choosing (spouse, child, family) to make

emergency health care decisions for you in the event you are

unable to do so?                                                                                                              Yes     No     Don’t Know

 

Do you want your estate plan to contain a customized plan to

determine if you are disabled?                                                                    Yes     No     Don’t Know

 

Do you want your current estate plan to give instructions for your care

and the care of your loved ones in the event of disability?                                     Yes     No     Don’t Know

 

Are you certain that your current estate plan will minimize

possible federal estate taxes at your death, including taxes on

your house, life insurance and IRA’s?                                                                         Yes     No     Don’t Know

 

If you have a Revocable Living Trust in place as part of your

estate plan, is your trust fully funded so that your family can

avoid the delays and expenses of probate?                                                                   Yes     No     Don’t Know

 

Have you taken steps to avoid possible will contests and

disputes during the administration of your estate? Should you?                             Yes     No     Don’t Know

(Is there a trouble-maker in the family?)

 

Should your estate plan protect your children’s inheritance in

the event your surviving spouse chooses to remarry?                                                 Yes     No     Don’t Know

 

Have you recently checked the beneficiary designations of

your retirement plans and life insurance policies, and are you

confident that you have properly listed your

primary and secondary beneficiaries?                                                                              Yes     No     Don’t Know

 

Should your current estate plan provide creditor and lawsuit

protection for assets passed to your surviving spouse? (does
he or she have potential creditor or liability issues?)                                                    Yes     No     Don’t Know

 

Should your current estate plan provide creditor and lawsuit

protection for assets passed to your children?                                                               Yes     No     Don’t Know

 

Should your current plan protect your children’s inheritance

from a divorcing spouse?                                                                                                   Yes     No     Don’t Know

 

Are you satisfied with the persons you named as guardians

of your minor children in your current plan?                                                                Yes     No     Don’t Know

 

Are you satisfied with the persons selected as executor

and trustee in your current estate plan?                                                                         Yes     No     Don’t Know

 

Are you confident that your executor, power of attorney,

and successor trustee are  prepared to act on your behalf

when needed?                                                                                                                      Yes     No     Don’t Know

 

Considering your answers to these questions, you may want to call for a $79.00 no obligation estate planning consultation.

Call us at 405-733-8686 to make an appointment

 

 

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