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Estate Planning Checklist

We'll walk you through how to create and formalize your estate plan with our 4-step estate planning checklist.

  • 1
    Take inventory

    No matter how modest, everything you own is considered your estate. Taking stock of what you own is the first step in understanding how best to protect it. To start your estate plan:

    • List the value of your home and other physical assets.
    • Gather statements from bank, brokerage, and retirement accounts.
    • Include the location and contents of safety deposit boxes or safes.
    • Make a list of all insurance policies, cash values, and benefits.
    • List liabilities, including mortgages and other debts.
    What you can do now:

    Use our Asset Inventory worksheet for a consolidated view of all the important details about your estate. Contact Support for more information

  • 2
    Draft your estate plan

    Prepare to meet with an estate planning attorney by answering these important questions about how to settle your affairs.

    What you can do now:

    Get more details on estate planning essentials. Contact Support for more information

  • 3
    Put your estate plan into action

    When you're ready, meet with an estate planning attorney to draft your will, medical and financial powers of attorney, and trust documents, if applicable. Keep the tips below in mind.

    What you can do now:
    • If you set up a trust, fund it promptly. If you don't, the agreement won't take effect, and your assets may not pass to your beneficiaries as you intended.
    • Review and update the beneficiaries on all of your investment accounts, if needed.
    • Make sure that all assets that you want included in the trust are retitled to reflect this ownership change, and that you keep copies of the relevant documents.
    • Once your attorney has created your plan, clients can contact an available KingsRock Security Representative via email at support@kingsrocksecurity.com for answers about opening new accounts, asset titling, and adding beneficiary designations on your Schwab Bank, brokerage and retirement accounts.
  • 4
    Update your estate plan regularly

    Review and update your documents and accounts as your situation changes or as current laws change.

    What you can do now:
    • Keep your beneficiary designations up to date so that your assets will be distributed according to your wishes.