What is Estate Planning?
Thinking about planning for your death is not easy. I remember when my mother wanted to plan for her own death, I would often say things like – “We can always do that later. Right now let’s focus on getting you better.” I said these things because I could not bear the pain of my mother’s death. It caused me anxiety and dread.
“A well-planned death is a wonderful gift to pass on to your loved ones after you die.”
Luckily for her loved ones, my mother set my fears aside and planned for her death – what she wanted done with her body, her funeral, and her finances. My mother also ensured that I knew where her paperwork was when I needed it.
I often say this because I mean it – “A well-planned death is a wonderful gift to pass on to your loved ones after you die.”
This list is meant to help you begin estate planning. The list below is not dispositive. There are other documents to address other legal and financial issues that might arise. As I usually state in my blog posts, an attorney can help you create the best documents for you and your loved ones.
Create Legal Documents
Will
Revocable Living Trust
Durable Power of Attorney
Guardianship for Minors
Healthcare Power of Attorney and Living Will
HIPAA Authorization
Anatomical Gifts
Review Financial Documents
Deeds, Titles, Bank Accounts, Employer Benefits, Credit Cards, Investment Accounts, Insurance Policies, etc.
Other Tasks
Put important phone numbers and online account information in one secure location
Make sure your loved one, executor, or trustee knows the location of your paperwork
Discuss Advanced Healthcare Planning with your doctor and your loved one, especially the Medical Power of Attorney, to ensure they understand your wishes
Pre-plan Funeral Arrangements
Guardianship and care plans for pets