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Estate Planning Questions

Estate Planning Questions

This list includes helpful questions that should be considered when preparing an estate plan. This list provides an initial starting point and is not intended to be an exhaustive or all-inclusive listing of the issues and needs that should be considered when developing an estate plan. Please note that this information is being provided for informational purposes only. We are not providing you with legal, tax, or financial planning advice. You must work with a qualified professional adviser to determine how best to plan your own estate.


Caring for Your Family:

  • Who will care for your minor or disabled adult children?
  • What will happen if you and your spouse die at the same time?
  • What funding will be necessary for the guardians that care for your minor or disabled adult children?
  • How can you provide for a surviving spouse and how can you be certain that s/he will have all that is needed after you are gone?
  • What are the needs of your adult children and how can you best provide for them?
  • Is there a need/desire to provide care for other family members, i.e. grandchildren, siblings etc.?
  • Will your surviving family members have adequate income?
  • Are your children aware of your wishes and the named executor of the estate?
  • Have you left directions for your funeral and burial?
  • Are your important papers and documents stored safely?
  • Do your children know where to find your legal papers and documents?


Health Care Directives:

  • How will you pay for long term care, if you need it?
  • Do you and your spouse have a living will?
  • Do you and your spouse have a health care surrogate designation?
  • Who will handle your affairs if you become mentally incapacitated?
  • Transition Planning for Your Business:
  • What will happen to your business at your passing?


Other Estate Decisions:

  • Do you know if your estate may be liable for estate taxes?
  • Do you and your spouse have up-to-date wills?
  • Who are your beneficiaries and your personal representative?
  • Do you and your spouse have a durable power of attorney?
  • Do you know whether or not you should have a living trust?
  • If you have a living trust, is it up-to-date and properly funded?
  • How will your property be distributed at your death?
  • Who will receive your life insurance benefits?
  • Who will receive your retirement plan death benefits?
  • Have you provided for your favorite charities in your estate plan?
  • Have your estate planning decisions maximized the distributable value of your estate so that all your wishes can be fulfilled?

Please note that we are providing this information for your general education only. We are not providing you with legal, tax, or financial planning advice. You must work with a qualified professional adviser to determine how best to plan your own estate. The inclusion of a resource list does not imply endorsement of nor referral to any individual, organization or document plan and is included for informational purposes only.