An Estate Planning Checklist

When it comes to estate planning, it’s just as important for your beneficiaries and heirs to know where your assets are located as it is for them to know how the assets should be distributed. Use this checklist today to help your loved ones navigate your assets after you pass away.

• Create a list of all your financial accounts, including bank accounts, investment accounts, retirement accounts, and insurance accounts — plus each account number and the name of the financial institution where each account is kept.
• Avoid including online logins and passwords in your list, because that would leave you vulnerable to fraud.
• Store your list in a safe place like a fireproof safe.
• Notify your heirs of the location of your list, and provide them with the key or combination.
• Share copies of your list with your attorney, executor of your estate, and others as appropriate.

At the end of the day, an estate plan is a financial roadmap for your beneficiaries. An inventory of your assets will help them navigate the first leg of the journey. Learn more about private wealth management.