| CHECKLIST FOR WILLS | ||
| 1. |
ESTATE PLANNING TOOLS | |
A. |
Will | |
B. |
Joint tenancy | |
C. |
Living trusts | |
D. |
Lifetime gifts | |
E. |
Business recapitalization | |
| 2. |
SELECTING YOUR HEIRS | |
A. |
Spouse | |
B. |
Children | |
C. |
Parents | |
D. |
Other relatives | |
E. |
Friends | |
F. |
Charitable organizations | |
| 3. |
IDENTIFYING YOUR DEBTS AND LIABILITIES | |
A. |
Credit cards | |
B. |
Loans | |
C. |
Home mortgages | |
| 4. |
LISTING YOUR PROPERTY AND THE HEIRS TO RECEIVE IT | |
A. |
Automobiles and boats | |
B. |
Bank accounts | |
C. |
Computers and electronic equipment | |
D. |
Home and household goods | |
E. |
Insurance | |
F. |
Jewelry | |
G. |
Rental property | |
H. |
Stocks and bonds | |
| 5. |
APPOINTING AN EXECUTOR FOR YOUR ESTATE | |
| 6. |
NAMING A GUARDIAN FOR YOUR CHILDREN | |
| 7. |
CREATING TRUSTS FOR ALL OR A PART OF YOUR PROPERTY | |
| 8. |
ALLOCATING TAXES AMONG YOUR HEIRS | |
| 9. |
PROVIDING FOR FORCED HEIRS | |
| 10. |
DISINHERITING UNWANTED HEIRS | |
| 11. |
COORDINATING WITH THE WILL OF YOUR SPOUSE | |
| 12. |
DIRECTIVE TO DOCTORS TO WITHHOLD LIFE SUPPORT (“LIVING WILL") | |