Estate Planning Essentials Checklist

estate planning

Protect your assets and ensure your wishes are honored with this estate planning checklist.

1

Create or update your will

A will ensures your assets are distributed according to your wishes.

2

Establish a living trust

Avoid probate and ensure smooth asset transfer to beneficiaries.

3

Designate powers of attorney

Financial and healthcare powers of attorney for incapacity planning.

4

Update beneficiary designations

Life insurance, retirement accounts, and bank accounts should all reflect current wishes.

5

Create an advance healthcare directive

Document your end-of-life medical care preferences.

6

Review estate tax implications

Federal estate tax exemption is $13.99 million (2025); state taxes may apply at lower thresholds.

7

Store documents securely and inform key individuals

Keep originals safe and ensure your executor and family know where to find them.

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Disclaimer: This content is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Products and services mentioned may not be available in all states. All insurance products are subject to underwriting and policy terms. Consult a licensed professional for advice specific to your situation.