3 Lists to Help You Prepare For Estate Planning

millman law group prepare for estate planning

Compile these lists to prepare for estate planning with your attorney.

Checklists can help you organize your thoughts and prioritize the tasks that need to be done for a specific occasion. It can be highly beneficial to create a few checklists as you prepare for estate planning. Even when working with an experienced estate planning lawyer at The Millman Law Group, there is a lot to keep track of and remember as you create your plan and determine what documents you need to establish for your assets or heirs. The importance of estate planning cannot be overstated, so it is best to prepare for this task as thoroughly as possible. You can start by creating the following three lists. 

Make a List of All Your Assets

Estate planning is for all adults, not only people with significant wealth. This is because nearly everyone owns property, including cars, bank accounts, computers, jewelry, digital assets, a home, and more. These are the types of assets that make up your estate. Regardless of the size of your estate, you can start to prepare for estate planning by taking an inventory and listing your assets. If no one knows what you own, it will be difficult or nearly impossible to figure it out once you’re gone. You can take this list to your estate planning lawyer to guide you through what you need for an effective plan. 

List All Necessary Business Information 

As a business owner, you must leave behind critical details and information about your business so that someone close to you can jump in quickly to take over. This may happen when you die or if you become incapacitated. If you have a spouse or longtime partner, they may inherit control of your business and become responsible for essential business decisions. 

Make a list of what information they need in this circumstance so you know someone is prepared to take care of your business before potentially handing it over to a more experienced person.

List Essential Estate Planning Documents with Your Lawyer 

Once you meet with your estate planning lawyer, you can further prepare for estate planning by making the list of documents you need first. These are the most critical estate planning documents and may include a living will or durable powers of attorney. These documents are best put in place as soon as possible so you are protected in the event of an unforeseen injury or illness that leaves you incapacitated. 

Finally, make sure these documents are accessible and that your loved ones know where to find them or own copies themselves. We don’t know what the future holds, but by thorough preparation and guidance from your trusted attorney, you can prepare for the unknown. 

Estate Planning Made Easy With Millman Law Group

Millman Law Group, PLLC is rare because it’s one of the only law firms that offer life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team also specializes in special needs Trusts and catering to any age demographic because we know for certain it’s never too early to start preparing you and your family for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, Linked In, and Pinterest. You can also contact us at 561-463-6480.