Sometimes it’s hard for family members to get the conversation started regarding estate planning, so try these questions as an aid to this important discussion:
- Do you have a Will?
- Do you have a Health Care Directive?
- Do you have a Power of Attorney?
- What plans have you made for your long-term care?
- Do you have a Trust? Have you placed most of your assets in your Trust?
- How old are your estate plan documents?
- Who knows where your estate plan documents are located?
- When is the last time that you reviewed the beneficiary designations that you made on your insurance policies and retirement plans?
- Have you made a list of all of your bank accounts, investment accounts, life insurance policies, long-term care insurance policies and retirement plans? Have you made a list of all of your user names and passwords?
- Do you have any concerns about your financial assets?
- Have you made a list of family keepsakes that you’d like each of your family members or friends to have after you’re gone?
- Have you taken time to write down the family history and family stories that you’d like to share with generations yet unborn?
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