Get the free Estate Planning Fact Sheet - Morella & Associates

DATE LAW OFFICES OF MOREL LA & ASSOCIATES A PROFESSIONAL CORPORATION ESTATE PLANNING FACT SHEET OF Phone Number Email address MOREL LA & ASSOCIATES A Professional Corporation 706 Rochester Road Pittsburgh,

How to fill out estate planning fact sheet

How to Fill Out Estate Planning Fact Sheet:

1. Gather Personal Information: Start by providing your full legal name, address, contact information, and other personal details requested on the fact sheet.
2. Identify Assets and Debts: List all your assets such as real estate, investments, bank accounts, retirement accounts, life insurance policies, and any outstanding debts or liabilities.
3. Choose Beneficiaries: Indicate the individuals, organizations, or charities that will receive your assets upon your death. Be specific and include their full names and contact information.
4. Designate Guardians: If you have minor children, specify who you want to be their legal guardian in case of your incapacity or death.
5. Nominate an Executor: Name an executor to handle the distribution of your assets and carry out your wishes as stated in your estate plan.
6. Healthcare Proxy and Power of Attorney: Consider appointing someone you trust to make medical and financial decisions on your behalf if you become incapacitated.
7. Review and Update Regularly: It's important to regularly review and update your estate planning fact sheet to ensure it reflects any changes in your personal circumstances, such as marriage, divorce, birth, or death.
8. Seek Professional Assistance: If you're unsure about any aspect of filling out the estate planning fact sheet, it's recommended to consult with an estate planning attorney or financial advisor to ensure everything is done correctly and according to legal requirements.

Who Needs Estate Planning Fact Sheet:

1. Individuals with Assets: Anyone who owns assets, regardless of their value, can benefit from having an estate planning fact sheet. It helps ensure that your wishes regarding the distribution of your assets are carried out after your death.
2. Parents or Guardians: If you have minor children, it's crucial to have an estate plan in place, including a fact sheet. This allows you to designate a guardian for your children and make their financial well-being a priority.
3. Business Owners: If you own a business, an estate planning fact sheet can help ensure a smooth transition of your business to your chosen successor or beneficiary in the event of your death or incapacity.
4. Individuals with Specific Wishes: Whether you have specific wishes regarding the distribution of your assets or want to support specific charitable organizations, an estate planning fact sheet allows you to document your intentions clearly.
5. Those Concerned about Healthcare and Financial Decision-making: By including a healthcare proxy and power of attorney in your estate plan, you can designate someone trustworthy to make medical and financial decisions on your behalf if you're unable to do so.

Remember, it's always a good idea to consult with an estate planning professional to create an appropriate plan and ensure your fact sheet accurately reflects your wishes.

For pdfFiller’s FAQs

What is estate planning fact sheet?

Estate planning fact sheet is a document that outlines an individual's wishes regarding their assets and how they should be distributed upon their death.

Who is required to file estate planning fact sheet?

Individuals who have assets and want to ensure that their wishes are carried out after their death are required to file an estate planning fact sheet.

How to fill out estate planning fact sheet?

To fill out an estate planning fact sheet, individuals should list all of their assets, specify who will inherit each asset, and designate an executor to handle the distribution of assets.

What is the purpose of estate planning fact sheet?

The purpose of an estate planning fact sheet is to provide a clear plan for the distribution of assets after an individual's death in accordance with their wishes.

What information must be reported on estate planning fact sheet?

Information that must be reported on an estate planning fact sheet includes the names of beneficiaries, details of assets, and contact information for the designated executor.

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