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CHECK LIST FOR ESTATE PLANNING
Every person should prepare a written summary of
his or her assets (real and/or personal properties) and in addition, a list of their debts
and obligations. Doing so will be of great aid to whomever will be administering their
estate whether it be by Will (testate) and/or if they die without a Will (intestate). Such
a summary is invaluable if one becomes disabled as one’s family must know about such
assets and obligations.
The following is a checklist of items that
should be summarized so that your family will know the following:
- List of real properties and where the original
deeds and loan documents are located.
- List of valuable personal property and a notation
as to their history, special value (emotional or financial).
- List of bank and investment/security accounts.
- Location of such documents as birth, death,
marriage, divorce and adoption.
- Location of employment records and military
records, if applicable.
- Payment information for mortgages, taxes and
insurance.
- Information re: Social Security, pensions and
retirement benefits.
- Names of advisors (attorney, accountant,
insurance agent).
- Securities/Investments not held in financial
institutions.
- Burial/Funeral plans and if applicable,
prearrangements.
- Motor vehicle title locations and any loan or
insurance information.
- Location of safe deposit box and location of key
and who has access rights.
- Complete life insurance information (location,
amounts and agent).
- List of debts and loans you owe, the terms, due
dates, location of notes.
- Such a list can be duplicated by your attorney so
that he will have a copy of the same within your estate planning file.
