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| 1. Do you have a Will or Revocable Living Trust? | |
- Does it meet your family's needs?
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| 2. Is your estate, including retirement benefits and proceeds of life insurance, over $2,000,000? If so, | |
- Have you executed Trust Wills to reduce estate tax?
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- Have you started a tax-saving program of gifts to family members?
| Unsure |
- Have you thought about charitable gifts?
| Unsure |
- Have you considered life insurance to help fund the estate tax liability?
| Unsure |
- Does a family limited liability company make sense for you?
| Unsure |
| 3. Do you have an interest in a family business? If so, | Unsure |
- Do you have a strategy for reducing the estate tax cost for passing it on?
| Unsure |
- Can you defer the estate tax attributable to the business?
| Unsure |
- Have steps been taken to ensure a smooth transition of control?
| Unsure |
| 4. Do your life insurance and retirement plan beneficiary designations, your joint tenancy assets and any community property agreements conform to your overall estate plan? | Unsure |
| 5. Do you have a Durable Power of Attorney to provide for continued management of your financial affairs in the event of your disability?
| Unsure |
6. Do you have a Durable Power of Attorney to handle your health care decisions in case you are incapacitated?
| Unsure |
| 7. Have you thought about (a) artificial life support; (b) organ donation; (c) how your remains should be handled? If you have specific wishes, have you documented them in writing? | Unsure |
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| Don't wait for a vacation, major surgery or other significant life event before considering your estate plan. If you would like to complete and send this checklist to our group and set up an appointment to meet with one of our attorneys, please fill out the fields below and then click Submit. |
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