#LAW OFFICE ESTATE PLANNING CHECKLIST UPDATE#
#LAW OFFICE ESTATE PLANNING CHECKLIST DOWNLOAD#

Contact our firm to create a post-nuptial agreement AND update your estate plan to reflect this change.Contact our firm to create a pre-nuptial agreement AND update your estate plan to reflect this change.Review jointly owned property documents to ensure they are titled in your trust and/or reflect your wishes: Bank and brokerage accounts (if P.O.D – payable on death).Review your beneficiary designations for the following types of accounts to ensure they reflect your wishes: Make sure you have obtained sufficient death benefits.Ensure beneficiary designations reflect your wishes.1 of next year), check that required minimum distributions from pre-tax retirement plans have been taken If you’re over the age of 72 (or 70½ before Jan.Fund HSAs (health savings accounts) before Dec.Fund non-employer retirement plans (like traditional and Roth IRAs) before Dec.Fully fund 401K, 403B, or other employer-sponsored retirement plans before Dec.Contact our office to determine a strategy to minimize the gift tax ramifications.In 2022, an individual can gift a maximum of $12.06 million over their lifetime. Educational and medical exclusion gifts.Revocable Living Trust (especially your trustees, beneficiaries, and guardianship for minor children)ĭo you wish to make monetary gifts this year? The annual gifting limit this year is $16,000 per recipient.If you wish to make changes, contact our office to discuss these changes: Review the following estate plan documents to ensure they reflect your wishes. Fill out an updated schedule “A” and email a copy to our office ( ).

#LAW OFFICE ESTATE PLANNING CHECKLIST DOWNLOAD#

Click here to download a schedule “A” template.Has it been 3 years or more since you updated your schedule of assets (Schedule “A”)? Contact our office to schedule a trust review appointment.Has it been more than 5 years since you created or updated your estate plan? End-of-the-Year Estate Planning Checklist Wondering where to start? Follow our simple Year-End Estate Planning Checklist to feel 100% ready for anything the coming year may bring. With a new year just around the corner, now is the time to get your estate plan and finances ready for the new year!

Law office estate planning checklist