Putting together an estate plan is a very important task that many people often neglect to do. This column includes a 14-point checklist of important things people need to remember when making an estate plan. One of the most important things a person should do is seek out assistance from a competent and honest financial adviser who can help put together an estate plan that can accomplish the client’s goals. The checklist includes things people need to do to plan ahead for the distribution of their estate and to determine who will have power of attorney and guardianship in the event something happens. Going through this checklist will help people identify the important details that they need to remember when speaking with an adviser. This column will hopefully provide more people with the tools they need to make better financial planning decisions.
See Art Koff, Review your estate plan against this 14-point checklist, Market Watch, July 20, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
