Helpful tips

What documents should you have for estate planning?

Alex Dopico

What documents should you have for estate planning?

Estate planning checklist

  • Last will and testament.
  • Revocable living trust.
  • Beneficiary designations.
  • Advance healthcare directive (AHCD) / living will.
  • Financial power of attorney (POA)
  • Insurance policies and financial information.
  • Proof of identity documents.
  • Titles and property deeds.

What are 3 pieces of an estate plan?

Some of the most common documents include a last will and testament, power of attorney, living will, and health care proxy. Some people also need one or more trusts.

What things can should be included and accounted for as part of your estate plan?

Estate planning checklist: Everything you need to know

  • Will. Your will lets you dictate how your assets are distributed and who handles your affairs.
  • Power of attorney.
  • Life insurance.
  • Funeral wishes.
  • Organ donation.
  • Financial planning.
  • Digital assets.

What should be in a death folder?

Here are some examples of documentation that could be included in your in case of death file:

  • Will.
  • Living trust.
  • Power of attorney.
  • Life insurance policy.
  • Birth certificate.
  • Marriage license.
  • Bank and credit card accounts.
  • Loan documents.

How do I organize my estate documents?

5 Steps to Organize Estate Documents for Your Executor

  1. Step 1: Create a checklist of important documents (and their locations)
  2. Step 2: List the names and contact information of key associates.
  3. Step 3: Catalog your digital asset inventory.
  4. Step 4: Ensure all documents are organized and accessible.

What do you need beside a will?

Here is a list of items every estate plan should include:

  • Will/trust.
  • Durable power of attorney.
  • Beneficiary designations.
  • Letter of intent.
  • Healthcare power of attorney.
  • Guardianship designations.

What should be in a death binder?

Here are some examples of documentation that could be included in your in case of death file:

  1. Will.
  2. Living trust.
  3. Power of attorney.
  4. Life insurance policy.
  5. Birth certificate.
  6. Marriage license.
  7. Bank and credit card accounts.
  8. Loan documents.

How do I get my paperwork in order?

Steps for Getting Your Affairs in Order. Put your important papers and copies of legal documents in one place. You can set up a file, put everything in a desk or dresser drawer, or list the information and location of papers in a notebook. If your papers are in a bank safe deposit box, keep copies in a file at home.