Estate planning is a necessity too often overlooked. Knowing that your affairs are in order provides peace of mind for you and your family the whole year round.

A checklist to help you get your estate planning started.

  1. Get Organized – Inventory all items of your financial life.
  2. Visit your financial/wealth planner.  (Retirement, Estate, College, Tax planning)
  3. Create/Update Estate Plan.  (Will, Trust, Durable Power of Attorney, Healthcare Directive, HIPPA Form)
  4. Update beneficiary forms.  (IRA, 401(k), Insurance, Retirement & Savings accounts)
  5. Evaluate your Insurance coverage.  (Life, Long Term Care, Short & Long term Disability, Umbrella Insurance)
  6. Protect Your Business – Business Succession Planning
  7. Meet with your Investment Advisor - Create an investment plan, stick with it and rebalance your portfolio.
  8. Simplify your life – Consider consolidating previous employer 401(k) plans and retirement accounts.
  9. Communicate your plans – Make sure all the right people have copies. Store a copy of the documents for yourself in a safe place.


Need Help? Contact First Bank Wealth Management.