Quiz: How Confident Do You Feel About Your Estate Plan?
You haven’t begun an estate plan … but it’s not too late.
The estate-planning process can seem overwhelming, which may be why you’ve postponed starting it.
The estate-planning process typically includes:
Wondering where to begin? Your wealth team can help walk you through each step of what can be a complex process, explain what’s required, and suggest other professionals to involve, such as an estate attorney.
What else you should know:
An estate plan is dynamic and you should review it on a regular basis—especially if you have experienced any significant life changes such as a marriage, divorce, birth of a child or grandchild, or job change.
Our Wealth Transfer Essentials guide can provide more information to help you get started. Another helpful guide: Estate Settlement Essentials explains the key steps to take after the death of a loved one, especially if you’re an executor or trustee.
Also, consider sitting down with your wealth advisors to see how your estate plan is tracking against your values and goals.
We can help you map out a plan that fits your vision.
You’re well on your way and have taken a big step by starting an estate plan.
Depending on where you are in the process, you might consider:
You may be wondering what to do next. Meet with your wealth team and your family to review your plan and explore any additional needs that will help you fine-tune your plan.
An estate plan is dynamic and you should review it on a regular basis—especially if you’ve experienced any significant life changes such as a marriage, divorce, birth of a child or grandchild, or job change.
Our Wealth Transfer Essentials guide can provide more information to help guide your next steps. Another helpful guide: Estate Settlement Essentials
explains the key steps to take after the death of a loved one, especially if you’re an executor or trustee.
Consider sitting down with your wealth advisors to see how your estate plan is tracking against your values and goals.
Congratulations! You not only have an estate plan, but you have also kept your professional advisors and family up to date about any changes that could impact it.
It’s good to keep in mind that estate planning can be dynamic. For you, that could include needing to:
Schedule periodic check-ins with your professional advisors, so your estate plan stays properly aligned with your needs, both personally and professionally.
Learn more about estate planning including setting goals and sharing with others.
Here are key steps to take after the death of a loved one, especially if you’re an executor or trustee.
Do you have an estate plan?
Have you thought about your legacy (examples include giving back to charities or the community, or helping loved ones)?
Have you decided who will serve as the executor and/or trustee implementing your estate plan?
Have you involved your family in the estate-plan process?
Have you reviewed your estate plan in light of any recent significant tax law or life changes (death of a loved one, divorce, birth, job change, etc.)?