Estate Planning is rarely anyone's favorite topic of conversation. Who likes talking about what will happen when they die? It sounds morbid, but at the same time, it's truly important that you get these important matters taken care of now, while you still have a say. Ensure your assets go to who YOU want them to. Our estate planning lawyers at the Lake of the Ozarks are here to tell you about 5 items you should have ready when it comes to your estate plan. If you have any questions, please call Gibbons Law Firm today at (573) 348-2211.
5 Items You NEED For Your Estate Plan
1. BRING YOUR LIFE INSURANCE DOCUMENTS.
Any 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.
2. BRING A LIST OF BENEFICIARIES YOU PLAN TO LEAVE YOUR ASSETS TO.
As 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.
3. BRING A LIST OF GUARDIANS YOU ARE CONSIDERING.
If 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.
4. BRING BANK STATEMENTS.
Gather 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.
5. BRING A LIST OF THE VALUABLE ASSETS YOU PLAN TO PASS DOWN.
Similar 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.
Let's Get Your Estate Plan Taken Care of Together!
If you've been dreading the conversation about what happens to your assets when you pass away but know that it needs to be taken care of before it's too late, give us a call. Our attorneys at Gibbons Law Firm can make the process of creating your estate plan easy and stress-free for you. Give us a call today at the phone number listed below to set up your free consultation. Be sure to follow us on our social media channels listed below to stay up to date on our latest announcements.
Remember, your initial consultation with Gibbons Law Firm is always free.