Checklist: Is Your Estate Plan Up-to-Date?


Yes or No – Is Your Estate Plan Up-to-Date?

Review the Checklist and Get Your Answer Today.

1.

Do you have a Will?

YES

NO

2.

If so, do you consider it current?

YES

NO

3.

If you become incapacitated, have you executed a Durable Power of Attorney to manage your affairs?

YES

NO

4.

Do you have a listing of personal property items and who is to receive them?

YES

NO

5.

Have you compiled information about assets, bank accounts, deeds, insurance policies, financial advisors, etc. and told the person(s) responsible for administering your estate where to find your paperwork?

YES

NO

6.

Have you provided for guardianship of any minor children or disabled adult children?

YES

NO

7.

Have you reviewed beneficiary designations of life insurance policies and retirement accounts to make certain they reflect your current wishes?

YES

NO

8.

Have you executed a Living Will, outlining your wishes about medical treatment?

YES

NO

9.

Have you estimated taxes and other expenses that might be due at the end of your life, taken steps to minimize taxes, and arranged for your estate to have sufficient liquidity?

YES

NO

10.

Have you considered a Planned Gift to benefit those who currently

YES

NO

and in the future call St. Andrews Retirement Community Home?

11.

Have you already included in your estate plan a Legacy Gift for St. Andrews Retirement Community and other charitable organizations that have been important in your life?

YES

NO

If you are able to answer “YES” to all of the questions, you are to be congratulated for having a complete estate plan. Any “NO” answers should constitute your estate-planning agenda.

For example, some people believe once a will is written it is good forever. But, you may need to update your will if your marital status has changed, if you have moved to another state, if the size of your estate has increased or decreased, if children or grandchildren have been welcomed into your family, or if the person named as your executor may be unable to serve.

In order to fully understand your very specific estate-planning issues please consult with your professional financial advisors. If you have any questions to help get you started, the staff of the McCready-Telford Foundation can assist. Until then, a few steps today will ensure your heirs a clear understanding of your caring and thoughtful last intentions and wishes.