遗产规划检查表

Private WealthManagementwilliamblair.com Estate Planning Checklist Estate planning is a method for determining how to distribute your propertyduring your life and at your death. You can facilitate the process by: Creating an estateplan and regularlyreviewing the plan canhelp ensure your goalsare met and help avoidunnecessary costs,delays, and conflicts. Understanding the factors that will affect your estateClarifying your goals and objectivesUnderstanding the strategies that are availableConsulting with professional advisorsDeveloping and implementing a planPerforming periodic reviews Considerations prior to meetingwith your estate planning attorney: Naming of an individual and two successorsto serve as: ExecutorTrustee for trustsGuardian for your childrenAgents in powers of attorney Your current and anticipatedfinancial situationYour family members, their needs,and your desire to transfer assetsto themAre your children to be treated on anequal basis?Other beneficiaries if no familymembers surviveIndividuals to serve as trustees,guardians, executors, etc. in theevent that you are not able to makedecisions yourselfYour charitable interestsIs there a desire to retain control overyour charitable contributions? Naming of primary and secondarybeneficiaries for: Qualified plan assets(IRAs, 401(k)s, 403(b), etc.)Life insurance policies If considering or reviewing trusts: Individual or organization to be namedas beneficiaryOther beneficiaries if no immediatefamily member survivesStandard for distribution of income andprincipal to beneficiaries. Standardscan be limited to address specific concernssuch as health, education, maintenanceor support, or treated broadly as “bestinterests” to address wide-ranging issues(i.e., travel, car, home, starting a newbusiness, etc.)Are there assets for which you want tomake special provisions?If you are the beneficiary of a trust, shouldit be included in your estate? Documents to implement and review atregular intervals: WillRevocable trust (Living Trust)Power of attorney for healthcarePower of attorney for propertyHealthcare directivesLiving will Private WealthManagementwilliamblair.com Estate Planning Checklist Titling of assetsFair market valueFamily income statementGross income and tax bracketDo you own real estate in morethan one state?Anticipated gifts or inheritancesWill both spouses be able to use theestate tax exemption amount?Has either spouse used theirlifetime gift exemption amount?Is your state de-coupled fromfederal exemption?Are annual exclusion gifts made?Have annual exclusion gifts beenused to fund a 529 education planfor a child or grandchild?Community property Insurance considerations: Avoiding probateProviding liquidity for settlementof estateTransferring ownership of businessto beneficiaries Review existing policies to determineif they are still aligned with your goalsor if changes need to be made.Irrevocable Life Insurance TrustCash Value or Death Benefit ofpoliciesPurpose: income replacement,wealth transfer Circumstances warranting a reviewof estate plan: A substantial change in net worthAn estate valued at more than theestate tax exclusion amountA new child or grandchild is bornMinor children have or developspecial needsSpouse is unable to handlefinancial mattersChange in marital statusDeath of a loved oneChange in business ownershipor partnershipChange in employment orentering retirementAcquisition of property in morethan one stateRelocation to another stateAn intention to contribute tocharitySpecial property is acquired(i.e. artwork or collectibles)New situations emerge regardinghealth care decisionsPrivacy concerns or a desire toavoid probateCHANGES IN TAX LAWS! Collect personal and family data For self, spouse, children, grandchildren,in-laws, parents, and any other personsto whom you provide support: Legal nameBirthdateMarital statusSpecial needsSpecial provisions desiredHealth considerations Sample goals and objectives: Providing financial securityfor familyEnsuring that property ispreserved and passed onAvoiding disputes among familymembers, business owners,or third parties such as the IRSProviding for children’s orgrandchildren’s educationProviding for favorite charityMaintaining control or ensuringcompetent management of propertyin case of incapacityMinimizing estate taxes andother expenses Designate financial team, contactinformation, and document location: Who should family memberscontact if you are unable toLocation of estate planningdocumentsAttorneyAccountantInvestment managerLife insurance agentOther relevant individuals Financial data to summarize: Family balance sheet September 2025 This content is for informational and educational purposes only and not intended to provide or should not be relied upon for legal, tax, accounting, or investment advice or arecommendation to buy or sell any security. Investment advice and recommendation