Creating an estate plan to-do list is the first step towards ensuring your wishes will be followed when you’re gone. To get started, sit down with a pen and paper, and make a list of everything you own. It doesn’t matter if you still owe on your house or car, or if your jewelry is not expensive, include all belongings in your inventory. Don’t forget to list your bank accounts and investments and list the heirs you’d like to leave assets to. Next, contact Alloy Wealth Management to schedule an appointment for estate planning services.
When you sit down with us, we will ask a lot of questions because the more we know about you the better your estate plan will reflect your wants, needs, and goals. We’ll ask about the insurance policies you have, and we’ll need statements from your bank and investment accounts, as well as documents that will prove ownership of any assets. Printing out necessary documents before your appointment can be very helpful. We will also need to know about any outstanding debts or tax liabilities.
Once all necessary personal and financial information is gathered, we’ll take the time to explain the difference between a will and a trust and the other important documents in an estate plan. We’ll evaluate your insurance and make recommendations of additional policies that can offer income in retirement and transfer wealth with tax-efficiency. Then we will work with an attorney to have your estate plan documents drafted, signed, and witnessed. Once your estate plan is created, we will touch base with you from time to time to ensure your plan reflects your family and goals. Life changes like a baby, the death of an heir, or a move to another state will require revisions. If you have questions, call 800-689-3935.