Over the next 6 weeks, we will ask questions that might be asked in an initial Estate Planning consultation.
1.) What are the names of all your children: adopted, blood, given for adoption or deceased?
2) Where do you want your money to go when you die? Kids, grandkids, other family, friends, church, charities?
3) Looking at each beneficiary you named – what if that person died before you, where would you want that deceased person’s share to go?
4) Do any beneficiaries or contingent beneficiaries (next in line beneficiaries), such as children, nieces, nephews, or friends have mental disabilities or need Medicaid benefits such as healthcare, food stamps housing assistance, etc.?
5) Do any beneficiaries or contingent beneficiaries, such as children, nieces, nephews, or friends have judgments against them or creditors after them?
6) Are any beneficiaries or contingent beneficiaries under the age of 25?
7) Are any beneficiaries or contingent beneficiaries bad with money to a degree that it concerns you?
8) Do you want to control the distribution of money or other assets to all or some of your beneficiaries or contingent beneficiaries?
9) Do you own any real estate, and do you own real estate outside the state in which you live?
10) Do you own any businesses or anticipate starting any businesses soon?
11) Do any of your beneficiaries or contingent beneficiaries not get along or would have trouble working together?
12) Do you or your spouse have any licenses you use for employment, such as a medical license, law license, nursing license, etc.?
13) Who do you want to make financial decisions for you if you are not able to?
14) What if the person you have picked to make financial decisions for you is not able to? Who would be your next choice?
15) Who do you want to make medical decisions for you if you are not able to?
16) What if the person you have picked to make medical decisions for you is not able to? Who would be your next choice?
17) Do you want the same people making financial decisions for you if you are not able to be the same people handling the money when you die?
18) Do you have IRAs, 401ks, 403bs, or other qualified accounts? And if so, what is the value?
19) Do you have life insurance, and if so, what is the value?
20) Do you have Long Term Care Policies?
21) What is the total value of everything you own?
Questions? Call (855) 700-9261
CONTACT OUR FIRM