Start by reviewing estate assets and debts

 Decide where you want assets to go

 Start work with financial planner and attorney

 Draft or update will

 Choose qualified executor for will

 Choose guardians for children

 Secure a durable power of attorney

 Draft a living will

 Obtain medical power of attorney

 Consider creating one or more trusts

 Review ownership of assets

 Review insurance for protection of estate assets

 Consider annual gifting

 Consider paying heirs’ tuition or medical bills

 Determine whether to sell or pass on family business

 Plan for succession of business

 Discuss estate plan with heirs, and revise if appropriate

 Write letter of instruction

 Keep organized financial records

 Review estate plan periodically

 Coordinate estate plan with qualified estate planning attorney and financial planner