Docstoc

estate planning worksheet

Document Sample
estate planning worksheet Powered By Docstoc
					                        ESTATE PLANNING WORKSHEET

1. Personal Data

Name _______________________                Spouse __________________________
Address _____________________               Address__________________________
____________________________                ________________________________
County of Residence____________             County of Residence________________
Home Phone__________________                Home Phone ______________________
Work Phone __________________               Work Phone _______________________
Birthdate __________ Age ______             Birthdate ________________ Age______
Employer ____________________               Employer _________________________
Retirement Date________________             Retirement Date ____________________
Veteran: Yes ________ No _______            Veteran: Yes ____________ No _______
U.S. Citizen: Yes ______ No _____           U.S. Citizen: Yes _________ No ______
Soc. Sec. No. __________________            Soc. Sec. No. ______________________

2. Marriage
a. Date of Marriage: ____________

b. Have you or your spouse signed a Premarital Agreement? Yes _____ No______
       If yes, please bring a copy of the document to the interview

c. Have you or your spouse been divorced? Yes ___ No ___ Date of Divorce:________
       If so, please bring a copy of the divorce decree to the interview.

d. Have you or your spouse been widowed? Yes ___ No ____ Date of Death:_________

3. Children

  Please list ALL your children, including deceased children, children born out of
wedlock, and children you wish to omit from your estate plan.

Name of Child         Date of Birth         Address               Child of:




a. Have any children received an advance on their inheritance or are any children
financially indebted to you? If so, please explain. _______________________________
________________________________________________________________________
b. Is there any reason NOT to treat your children equally? If so, please explain. _______
_______________________________________________________________________

c. Are any of the children under a disability? ___________________________________

d. Do you have any special concerns or objectives regarding your children? ___________
________________________________________________________________________

e. Guardians. Who should be the guardian of your minor children? (A guardian has
physical and legal control over your children until they reach the age of 18.)
Name: _______________________________________________________
Address: ______________________________________________________
Alternate Guardian: _____________________________________________
Address: _______________________________________________________

4. Personal Representative. Who should be Personal Representative (“executor”) of
your estate? A Personal Representative is responsible for probating your will, paying
your debts, collecting your assets, and settling your estate.
Name: ________________________________________________________
Relationship to you: _____________________________________________
Address: _______________________________________________________
Alternate Personal Representative: __________________________________
Relationship to you: ______________________________________________
Address: ________________________________________________________

5. Trusts. If a trust is appropriate to include in your estate plan, who should be the
trustee? A trustee is the person or entity who is responsible for managing the assets
placed into the trust. A trustee manages the assets for your children or other beneficiaries
until they reach the specified ages. If you do not establish a trust, children inherit at age
18. You may name an individual, bank or trust or trust company, or both to act as your
trustee.
Name: ____________________________________________________
Address: __________________________________________________
Alternate Trustee: ___________________________________________
Address: __________________________________________________

6. Attorney-in-Fact. It may be advantageous to name one or more persons to act with
regard to your assets and finances when you are unable or unwilling to do so. Those
persons are called attorneys-in-fact and are given that authority under a Power of
Attorney.
Name: ____________________________________________________
Address: __________________________________________________
Alternate Attorney-in-Fact: ____________________________________
Address: ___________________________________________________
Alternate Attorney-in-Fact: ____________________________________
Address: ___________________________________________________
7. Real Property Interests.
   a. Address: ____________________________________________________
      Names as they appear on the deed: _______________________________
      Legal Description: _____________________________________________
      Date Acquired: _________________ Purchase Price: ________________
      Current Market Value: ___________ Mortgage Balance: ______________
      If rental property: Monthly rent received: __________________________
      Monthly property tax: ____________________________________________
      Monthly property insurance premium: _______________________________
      Average monthly maintenance costs: ________________________________

  b. Address: ____________________________________________________
     Names as they appear on the deed: _______________________________
     Legal Description: _____________________________________________
     Date Acquired: _________________ Purchase Price: ________________
     Current Market Value: ___________ Mortgage Balance: ______________
     If rental property: Monthly rent received: __________________________
     Monthly property tax: ____________________________________________
     Monthly property insurance premium: _______________________________
     Average monthly maintenance costs: ________________________________

  c. Address: ____________________________________________________
     Names as they appear on the deed: _______________________________
     Legal Description: _____________________________________________
     Date Acquired: _________________ Purchase Price: ________________
     Current Market Value: ___________ Mortgage Balance: ______________
     If rental property: Monthly rent received: __________________________
     Monthly property tax: ____________________________________________
     Monthly property insurance premium: _______________________________
     Average monthly maintenance costs: ________________________________

8. Other Assets.

 Asset             Name of Owner    Name of          Basis Value       Current Value
                                    Beneficiary
 Checking
 Account
 Savings Account
 Money Market
 Account
 Certificate of
 Deposit
 Savings Bonds
 Treasury Notes
 Stocks
 Mutual Funds
 Life Insurance
 (Face)
 Retirement
 Accounts:
 IRA
 Pension
 Profit
 Sharing/401K
 Annuities
 Business
 Interests
 Homestead




 TOTAL


9. Liabilities.

 Liabilities       Name of Owner   Current Value
 Home Mortgage
 Other Mortgage
 Debts To Family
 Members
 Other Debts
 (describe).
 TOTAL
 LIABILITIES



10. Safe Deposit Box.
Do you have a safe deposit box? Yes ____ No ____ If so, where? _______________
Does anyone else have access to your box? __________________________________

11. Future Inheritances.
Do you expect any inheritance in the near future? If so, please give details: __________

_______________________________________________________________________

12. Monthly Income.

 Monthly Income           Husband                Wife                    Joint
 Social Security
 Employment
 Pension from ______
 Pension from ______
 IRA’s, annuities, etc.
 Rents
 Business interests
 Interests & dividends
 Other ____________
 TOTAL


12. Financial Advisors.
    Accountant: _____________________________________________
    Address: ________________________________________________
    Telephone: ______________________________________________
    Financial Advisor: ________________________________________
    Address: ________________________________________________
    Telephone: ______________________________________________
13. Special Requests.
Special requests regarding funeral, cremation, or burial instructions are best handled by a
Letter of Instruction or other statement (separate from your will) to your family or other
responsible person. Organ donation is best handled in a Health Care Directive and noted
on the person’s drivers license.

14. Discussion Issues.
    We will discuss the following issues at the meeting:

•              Current Will. Do you now have a will or a revocable trust? If so, bring
               copy to the interview meeting.
•              Predeceased Child. If any child should predecease parent, should his/her
               share pass through to his/her children? If so, please indicate
               grandchildren, if any.
•              Trusts. Do you wish to have a trust established for the benefit of your
               spouse and/or children?
•              Specific Gifts. Do you wish to make any specific bequests to charities or
               individuals?
•              No Family Survives. How should your estate be distributed if your
               spouse and/or children do not survive you? (For example: family, charity,
               etc.)
•              If no Children. If you do not have children, to whom should your estate
               pass (beyond a spouse, if any)?
•              Health care Directive. Are you interested in preparing a Health Care
               Directive appointing someone to make health care decisions for you
               and/or stating your preferences for health care? This document can also
               include instructions regarding organ donation.
•              Power of Attorney. Are you interested in preparing a Power of Attorney
               granting another person the power to act on your behalf to manage your
               assets and pay your bills if you become incompetent or unable to sign your
               name?
•              Loan Guarantees. Have you guaranteed any loans for your children,
               grandchildren or any other person? If so, bring details to the meeting.

				
DOCUMENT INFO
Categories:
Stats:
views:1787
posted:7/10/2008
language:English
pages:6
Description: Here is an example of estate planning worksheet . This is very useful in creating an estate planning worksheet document.