Financial StatementsGather the financial statements from your investments and bank accounts to your meeting when planning your estate. These documents will help show where your financial assets are located. You can also start thinking about who you intend to take over ownership of these financial accounts in the time leading up to your meeting.
List of Assets & LiabilitiesSimilar to your financial statements, assets and liability information should be brought to the meeting as well. The list will be helpful when dividing up assets and liabilities to pass on to the person of your choosing.
Life Insurance PoliciesAny life insurance information is helpful as you are planning your estate. Bring your policies along with you so that we can accurately assign someone to take ownership.
Who Your Intend to Leave the Estate WithAs you decide who to leave your estate with, gather their updated address and other contact information. This can make the transfer of your assets much easier after you pass. The exact name and address of the individuals or institutions that you plan to name in your will are necessary.
Guardianship InformationIf you have children who are under the age of 18, it is important to have specific individuals named to take over the guardianship of your children. You may also want to have an alternative guardian in mind as well. When children are involved, it’s best to have someone named as the guardian to avoid a child going into government care.
Inheritance DisbursementIf you will be naming beneficiaries who are minors or young adults, it is helpful to line out the distribution of the trust. This can help reduce the chance of a younger heir getting carried away with an excess of money or assets. You can set up your estate to pay out in smaller amounts over time, instead of a large lump sum, or you can put off the disbursement until your child is an age of your choosing.
Gibbons Law Firm, we can help you handle all of your needs for an estate plan. You can contact our law office at the Lake of the Ozarks to schedule your free consultation today!
Remember, your initial consultation with Gibbons Law Firm is always free.
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Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049