![]() ![]() With all that said, it’s safe to say that estate planning can go a long way toward keeping your finances, assets, and loved ones in good hands. This can be a frustrating experience for relatives of the family who are more than willing to raise the child close to home. Without a plan in place, the child will be taken under the custody of state officials until the court decides what happens next. Parents are encouraged to name guardians for their children in the event of an untimely death before the child turns 18. But as heartbreaking as it is for you to think about, planning for the inevitable is a crucial part of responsible parenting. Nobody wants to think about dying at a young age, especially for parents to young children. The last thing any parent would want is for their children to pit against each other because of their selfish intentions. Not only does estate planning allow you to choose who gets what from your assets, but it also minimizes the likelihood of conflict and ugly legal battles between family members. Anyone with an estate plan is likely to live a less complicated life than those without it. ![]() You don’t need to have a multimillion-dollar home, a valuable art collection, or a large IRA to pass on in order to qualify for an estate plan. But living with a “whatever happens, happens” mindset isn’t exactly the best option to set for ourselves and the people we love.Īccording to the AARP Foundation, 29% of people claim that the reason they don’t have an estate plan is that they don’t think they have enough assets to leave to anyone. Contrary to this belief, estate planning isn’t only for the rich or privileged. We can never predict the future or what happens to the people around us when we’re gone. Truth is, we’re all living on borrowed time. When you are unable to make important decisions and live independently anymore, the estate plan will help guide your chosen executor and/or agent in making decisions that meet your desires. This is done to avoid the unfortunate and often costly consequences brought by the inevitable. Sample Estate Planning Review ChecklistĮstate planning is the process of transferring the rights and responsibilities to handle your assets following your death or incapacitation.Family Members Estate Planning Checklist.Printable Estate Planning Checklist Sample.Simple Estate Planning Checklist in PDF.Formal Estate Planning Checklist in PDF.Estate Planning Checklist Printable Form.Standard Format of Estate Planning Checklist.Simple Estate Planning Checklist Outline.Comprehensive Estate Planning Checklist.Estate Planning and Management Checklist.Estate Planning Checklist (Single Person). ![]()
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