Quick Quiz: How does your estate plan stack up?
Have you reviewed your estate plan in the last 3 years?
Yes
No
Have any circumstances changed in your life since you last updated your estate plan (e.g. marriage, divorce, finances change due to job changes or inheritance, health, children or grandchildren, etc.)?
Yes
No
An estate plan is:
A Will
Trust
Healthcare directives and/or Power of Attorney forms
Beneficiary designations
A plan to transfer your life's values
All of the above
Are you thinking of disposing or exchanging any assets in the next couple of years?
Yes
No
Do you know what taxes might be due under your current plan?
Yes
No
If you don't have an estate plan when you pass:
The State has a plan for you
Your estate must go through probate
Your estate may pay taxes that could have been otherwise avoided
Your life's values and valuables may not transfer to those you care about most
All of the above
Has someone quantified for you the impact of your plan?
Yes
No
Estate planning includes planning for times of incapacity.
True
False
If you have a Will, your estate will avoid probate.
True
False
Your Will or Trust controls the distribution of all of your assets.
True
False
Which taxes should I consider when planning my estate?
Estate Tax
Gift Tax
Generation-skipping Transfer Tax
Capital Gains Tax
Income Tax
All of the above
Do you have enough money to ensure financial security for your future?
Yes
No
I don't know
If you could redirect your taxes to the charities and causes you care about, would you?
Yes
No
I already have
The goal of estate planning is to:
Transfer assets efficiently
Provide for those you care about most
Protect assets
Minimize taxation
All of the above
Submit
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