Estate Planning Check-up Quiz
Dear Friends,
This
is a important legal advisory, you have been working hard to pay your bills and to build an estate for yourself and your family but
because of these uncertain times you need to take action to protect these assets for you and your loved ones. As part of this legal advisory, did you know:
- When you die without a properly executed trust the costs of transferring everything you have worked for to your heirs will costs thousands of dollars and take years as it goes through a process called probate?
- If you do not properly designate who will inherit everything after your death, the State will make that decision for you?
- If you have not made plans, a Judge of the Superior Court will decide who will raise your minor children?
- Without the proper documents if you become incompetent, it may cost your family thousands of dollars just have the right to take care of you and to direct your medical care?
- "Joint Tenancy," the way in which many married couples hold property, does not avoid probate?
- Holding title to property as "Joint Tenants" may cost you thousands of dollars in capital gains taxes on the death of the first to die?
- If you have a trust prepared before 2004, critical parts of your estate plan will not work?
All of this can be avoided! Download the form to fill in your Personal Information (PDF*) or (Word), to get started.
| * You need Adobe ® Reader ® to read PDF files, it is free. |  |
(Taking care of your family, finances and healthcare are so vitally important. Please take a moment to complete the questions below.)
Yes No
[ ] [ ] Do you have a will?
[ ] [ ] If the gross value of your estate (including your house) is over $100,000, do you have a Trust?
[ ] [ ] Have you legally designated who would care for your children if you were to die?
[ ] [ ] Have you designated how your personal property will be distributed (including your pets) after your death?
[ ] [ ] Do you have someone authorized to handle financial matters for you in case you become disabled?
[ ] [ ] Do you have an Advanced Health Care Directive that provides the names, addresses and telephone numbers of you designated agents?
[ ] [ ] Do you have provisions in your Trust or Will for payment of estate taxes?
If you answered "NO" to any of the questions above, you should start your Financial Estate Planning. Download the form to fill in your Personal Information (PDF*) or (Word), to get started.
| * You need Adobe ® Reader ® to read PDF files, it is free. | |
(Taking care of your family, finances and healthcare are so vitally important. Please take a moment to complete the questions below.)
Yes No
[ ] [ ] Do you have an Advanced Health Care Directive which was
executed before 2003?
[ ] [ ] Has there been a change in the gross value of your estate (the value of all you own, not including what you owe)?
[ ] [ ] Have you recently married or remarried?
[ ] [ ] Have you divorced?
[ ] [ ] Have you bought or sold a house or other piece of property?
[ ] [ ] Have you recently sold or are you contemplating selling stock or other assets?
[ ] [ ] Have you moved between states?
If you answered "YES" to any of the questions above, you should start your Financial Estate Planning. Download the form to fill in your Personal Information (PDF*) or (Word), to get started.
| * You need Adobe ® Reader ® to read PDF files, it is free. | |