The Estate Part II

Welcome to The Estate Part II

Planning for the future nobody wants to acknowledge

Tonight I will share some MUSTS

That cost little or no money

However must be a part of your plan

But first I will recommend that you do make one purchase

Purchase a decent sized

Fire Proof, Combination Lock Safe

This is where you will keep all of the important

Papers which will become your Estate Plan

Now, on to the MUSTS

A WILL

You can purchase will kits at places like Barnes and Noble or on-line,

you can also prepare a simple will on sites such as Legal Zoom

Everything you own needs to be addressed in a will of some sort

Here are some of the items/accounts you need to address

Home/Mortgage

Autos/Recreational Vehicles

Checking Accounts

Saving Accounts

Money Market Accounts

CD's

Mutual Funds

IRA's

401k, 403b, Investment Accounts

Annuities

Income Property

Personal Belongings (especially those with a higher dollar value)

It is best if you have all important information related to each item

Name, Address, Phone number of Bank or Financial Institution

Account Numbers

Beneficiary Information

If everything is not going directly to the spouse

Have a list of specific items that are to be given to whom

Please make sure your parents and grown children have wills

It's a tough talk

Yet, it will save lots of hassle down the road

Answer the Question:

Who is going to care for our children

Should we both pass away???

POWER OF ATTORNEY

Another MUST

Is having power of attorney for each spouse

It is important to have both

Medical and Financial Power of Attorney

There are many occasions where these

Need to be in place even if someone has not passed away

If a spouse or parent become unable to make decisions

For any of a number of reasons

You may have to make some tough decisions in their place

Please take care of this Before it is needed

I believe I have given you enough information for tonight

I will be back next Monday with more including:

What important papers you Must have copies of and

Trusts and how to fund them

You are welcome to contact me if you have questions:)

Considering This Important For All of Us,

Cindy