1 Inventory your assets.

2 Meet with attorney and other advisors.

3 Discuss plans with family.

4 Consider charitable gifts during life or at death.

5 Execute will, trust, funeral/burial instructions, etc.

6 Execute health care directives; power of attorney for financial purposes.

7 Confirm beneficiaries of all life insurance policies and retirement accounts.

8 Retain relevant documents in a safe place; notify trusted individuals of location.

9 Catalog social media and other electronic accounts, passwords and retain record.

10 Revisit plan when significant changes occur (divorce, death of a spouse or child, major illness, etc.).

Source: Wolters Kluwer © 2016 CCH Incorporated and its affiliates. All rights reserved.

2016-1205-1

When you have to be right

Top 10 Strategies for Estate Planning

Did you notice a theme? Prince left a musical legacy (Little Red Corvette, Diamonds and Pearls, Raspberry Beret), but he did not leave a will.