March 1

Estate Planning – Important Documents

Posted by lori . 8 Comments

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Every Thursday in 2012, I’m taking a look at tasks I wish I would have accomplished “if I died today.”  This month, I’m listing out estate planning tasks, so I have an idea of what I need to do and gather together.  Laws are different in every state, so my husband and I plan to visit an estate planning attorney to make sure we’re doing what we need to do.  This month, I’m preparing my “lists.”  I’ll make three separate lists – Important Documents, Business Documents and Personal Documents.  If you notice I miss something, please let me know in the “Comments.”  These posts are not authoritative, rather they are like one friend talking to another, sharing plans.  This week, I’ll start with the “important documents”:

A Will – A will allows you to determine what happens to your money and possessions when you die, and who becomes the guardian of your minor children. If you don’t have a will, state laws and courts make those decisions for you.

A Living Will – This document speaks for you if you become too ill or injured to speak for yourself.  It outlines the medical procedures you want taken.

A Durable Power of Attorney – This document allows you to appoint someone to make decisions on your behalf if you become incapacitated.  There are two types: one to deal with your personal, legal and financial affairs and the other to deal with healthcare decisions.

Real Property Documents – Proof of ownership documents for real property like real estate, vehicles, etc.

Life Insurance, Retirement Accounts and Assets with a Beneficiary – A list of policies and pertinent information like account numbers.

Bank Accounts – A list of investments and bank accounts along with any pertinent information like account numbers.

Daily Inspiration

 

Unbeing dead isn’t being alive.

e. e. cummings 

Special Notice – I’ve heard that beginning March 1, 2012, Google Friend Connect will no longer support blogs that are not published using the Blogger platform.  I use WordPress to publish What Remains Now.  I certainly appreciate how convenient it is to follow blogs using some means of notification.  I use RSS feeds on Google Reader to follow the blogs I love.  So, using the discontinuation of Google Friend Connect  as motivation, I’ve added a few new ways to follow What Remains Now.  On the right-hand sidebar, you’ll notice several different options.  You can follow What Remains Now by subscribing to my RSS feed, on Facebook, on Twitter or on Google+.  I will add the option to sign-up for e-mail updates in the near future.  You can also follow me and all your favorite blogs through Bloglovin’.  Hopefully, these options will make it easy and convenient for you to read What Remains Now.  Please let me know if you have trouble with any of these connection tools.

This entry was posted on Thursday, March 1st, 2012 at 3:00 am and is filed under If I Die Today. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

8 Responses to " Estate Planning – Important Documents"

  • Another useful list!

    We have our wills sorted. We relook at them before every big trip in case anything like finances have changed and they require tweaking. We don’t have children but we do leave instructions for the family, vet and other necessary parties for the care, upkeep and future adoption of our dogs.

    I’m having a hiccup over that e.e. Cummings line. Unbeing dead? Being undead? lol 😉

  • Puddles says:

    Ahhhhh…yep, my peeps has done all dis and since we has a kid da will is set up 2 different ways…if sumptin happens to just dad and if sumptin happens to mom AND dad…guess they didn’t cares if sumptin happened to just mum…hehehehe. Go figure. But they has to go back and change some things since me and Whitney has been added to da family since then.
    It be amazin’ da things you has to think bouts when preparin’ fur dis.

    Don’t worry, I’ll get to your blog one way or anudder.

    Puddles

  • Declan says:

    Oh blimey thats a bit organised! God help anyone who has to sort the mess out if Mum pops her clogs! Deccy x

  • Patty says:

    My husband and I keep talking about doing everything on your list, but we haven’t. We are big fans of Suze Orman and she preaches to us to get these things done. My husband looked at all the forms one day and then decided it was something to do another day. We REALLY need to get things done though.

  • houndstooth says:

    I’m really interested to see what you end up doing with this. Since it’s just my husband and me, we haven’t done a lot of planning, but I know that we need to!

  • Penelope says:

    Oh, that is something we need to do. We just have not done it. Like taxes, every year I say I will get organized and then I don’t.
    BTW, Your blog and a few other WordPress Blogs updated properly in my Reader today.
    Nellie’s Mom

  • Bassetmomma says:

    We still have to get this done. I know we need to get on it!

  • Great list
    Dachshund Nola


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