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Your Mid-Year Estate Planning Checklist

By Gerry W. Beyer

BeachSummer can be a busy time with kids out of school and vacations in full swing, but it can also be a prime period to review your estate plan and see if there needs to be any adjustments. Below is a checklist that could assist to make sure you cover the essential points.

  • Review your existing Will and any trust agreements.
  • Consider whether your named fiduciaries are still appropriate.
  • Review your beneficiary designations.
  • Consider income tax planning.
  • Review existing insurance coverage (life, homeowners, umbrella, disability, long-term care, etc.).
  • Review your investments – and your investment advisors.
  • Review how your assets are titled.
  • Fund your trust(s)
  • Determine/confirm your estate tax domicile.
  • Get educated – meet with your estate planning attorney and financial professionals to discuss all of the above.

See Lisa P. Staron, July 11, 2018 – Trusts and Estates Group News: Your Mid-Year Estate Planning Checklist, Murtha Law, July 11, 2018.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.

Posted in:
Disability Planning - Health Care, Disability Planning - Property Management, Estate Planning - Generally, Estate Tax, Generation-Skipping Transfer Tax, Gift Tax, Income Tax, Trusts and Wills