Estate Questionnaire

What is estate planning and what does it mean to you?

In summary, it is your plan to protect your assets during your life. Additionally, should the unthinkable happen and you are unable to speak for yourself how would you protect and preserve your interests?  Estate planning provides for these things as well, including specifically expressed instructions about your palliative care and wishes upon passing away.

Do you have concerns about passing assets to more than just the next generation?  Do you worry about living independently for as long as possible and having long term care done to your preferences?  Do you worry that you’ll outlive your savings?

Instead of imagining yourself feeling overwhelmed underneath an avalanche of unanswered questions about your estate, allow us to tailor an estate plan that works for you.  Call us today and ease your mind about your golden years and beyond (602-710-2232).

Estate Planning is planning for the unknown which may include the following situations:

What if you are ill and cannot remain at home?

  • What care do you want?
  • Where do you want to go?
  • How much have you set aside to handle this situation?
  • If you are on a tracheotomy at $30,000/month. Then what?
  • How do you prevent destitution of yourself while caring for a loved one?
  • What if you are comatose?
  • How long do you want to have a chance for recovery?
  • What specific care do you want during this time?
  • Where do you want to be if there is a choice?
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What if you have an accident or condition that renders you unable to communicate what you want?

  • Who do you want to speak for you?
  • What is important regarding your life care?
  • Who do you trust to handle the finances?
  • If you have a business who manages it?
  • What if the manager cannot work?
  • What if the person handling all the administrative duties cannot work?
  • Do you have key employee insurance?
  • Do you have a buy out plan or is someone prepared to take the business over?
  • When should the business be sold?
  • Who owns the intellectual property?
  • If the business is sold, who receives the proceeds?

Who do you want to handle your affairs at death?

  • Who is able and capable?
  • Do you know how your partner wants the remains handled?
  • Don’t assume people know without writing your wishes.
  • Do you know what bills need to be paid?
  • Do you know who should receive gifts?
  • Is there a business or property to take care of?
  • Have you a burial plan, a plot or mausoleum crypt?
  • Who receives your personal effects, jewelry, art work, vehicle, collections?
  • Who or what receives your assets after your death?
  • Who will make the transfers?
  • What must be liquidated? How are assets titled?
  • Are assets free and clear or encumbered?
  • Are there any on-going legacies for others, i.e. education, first home, or a scholarship fund?
  • Are there any particular investment requirements for such a legacy?
This article is intended to generally inform the reader – but not as specific recommendation for any client. Always consult an attorney for help in making the right decision for you.

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