Checklist For Estate Planning

 

Checklist For Estate Planning

You don’t have to be incredibly wealthy to benefit from an estate plan, and it’s about more than just tax planning. A solid Utah estate plan ensures that your assets are preserved, that family inheritances are safeguarded, and that your family and friends will have an easier time dealing with the fallout from challenging life events. Your affairs will be kept out of court, there won’t be any room for disagreement, and nobody will be able to anticipate what your preferences are. The best approach to make sure you have the correct plan in place is to evaluate your current will, trust, and other estate planning documents or learn what legal documents you need.

Our estate planning checklist addresses subjects like:

  • Do you have a medical emergency plan in place to notify loved ones and provide medical staff fast access to your vital legal and medical records?
  • Have you appointed legal guardians for any minor children so that, in the event that something were to happen to you, they would never be in danger of being placed in child protective services?
  • Are you and your assets protected from high long-term care expenditures by your present estate plan?
  • Are you confident that your current estate plan, which may include taxes on your home, life insurance policy, and IRAs, will minimize any potential federal and state taxes (estate, capital gains, property) upon your passing?
  • Does your present plan safeguard your children’s inheritance from a future lawsuit or a partner who files for divorce?

These are only a few of the issues that a thorough estate plan should address. To review the rest, download our complete checklist, or contact us at (801) 618–0699 right away to arrange a meeting.

Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.

Business Law Attorney Free Consultation

If you have any questions or in need a Business Law Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.

We help you with Estate Planning, Wills, Trusts, Power of Attorney, Health Care Directive, Estate Administration, Probate and More

Parklin Law — Estate Planning

5772 W 8030 S, # N206

West Jordan UT 84081

40.605070, -112.027530

When you need a Lawyer, contact this law firm:

Parklin Law

5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618–0699
https://www.parklinlaw.com/
https://parkin-law.business.site/

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