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ESTATE PLANNING HIGHLIGHTS A GUIDE FOR CLIENTSGeneral Information you should consider in planning:1. If you have no will or living trust, at death your estate will pass to your surviving spouse and
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How to fill out estate planning highlights template

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How to fill out estate planning highlights

01
Gather all financial documents, including bank statements, investment accounts, and property deeds.
02
List all major assets, such as real estate, vehicles, and valuable personal items.
03
Identify all liabilities, including mortgages, loans, and credit card debts.
04
Specify your desired beneficiaries for each asset.
05
Choose an executor who will manage the estate after your passing.
06
Determine guardianship for any minor children.
07
Consult with a legal professional to ensure all documents meet legal requirements.
08
Regularly review and update your estate plan as life circumstances change.

Who needs estate planning highlights?

01
Individuals with significant assets such as real estate, investments, and personal property.
02
Parents with minor children who need to establish guardianship.
03
Anyone who wants to ensure their wishes are honored after their death.
04
Individuals looking to minimize estate taxes and management costs for their heirs.
05
People with complex family situations, such as blended families or dependents with special needs.

What is ESTATE PLANNING HIGHLIGHTS Form?

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ESTATE PLANNING HIGHLIGHTS template instructions

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Estate planning highlights summarize key elements of a person's estate plan, including asset distribution, tax implications, and arrangements for dependents.
Anyone who has assets, dependents, or specific wishes for their estate upon their passing should consider creating and filing estate planning highlights.
To fill out estate planning highlights, individuals should gather information about their assets, debts, beneficiaries, and any specific wishes. They may then complete a form or document that outlines these details clearly.
The purpose of estate planning highlights is to ensure a clear understanding of a person's wishes regarding asset distribution and to facilitate the estate administration process after their death.
Estate planning highlights typically require reporting information such as a list of assets, liabilities, beneficiaries, any trusts, and specific directives or wishes for distribution.
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