![]() While you don’t need to list your net worth or include detailed inventories, the more information you compile for your executor, the easier their job. In reality, it’s a simple legal document that outlines a few key roles. Many people think writing your will is a daunting, overwhelming process. Who would make decisions on your behalf if you were still alive, but unable to speak for yourself due to illness or injury?.Who would you want to become a guardian for your children if they are minors? And has that person consented to be the guardian?.Do you have a primary beneficiary? Who would be the next choice if something were also to happen to that beneficiary?.What assets do you have and how would you want those divided or allocated?.Who do you want to provide for after your death?.Making these basic decisions before starting the process can save you time and money. First, it’s important to think through your goals and wishes. bitcoin, social media accounts) and beloved pets in estate planning.Ĭreate an online will with Willful: 10% OFF START NOW Estate planning checklistĬreating an estate plan may seem daunting. It spans the naming of an executor to carry out your wishes, appointing a guardian for minor children, and more.Įxperts are also starting to notice the inclusion of digital assets (eg. An estate plan can include everything from a ‘living will’ for your health care if incapacitated to a will after your passing. Where does life insurance fit in estate planning?Įstate planning encompasses a wide variety of elements, including legal documents and preparations for your family. ![]() ![]() Is it better to have a will or a trust?.What happens if you die without a will?.What are the four important estate planning factors?.How Much Do Home Renovations Cost Guide.
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