WFB LEGAL CONSULTING
ESTATE PLANNING INFORMATION WORKSHEET
PERSONAL & CONFIDENTIAL
Durable Power of Attorney: If you were sick and could not pay your bills, whom would you wish to handle your financial affairs? This should be someone you trust without question. A married person’s first option is usually his or her spouse. The second and third options are usually persons living in or near your community.
Living Will and Health Care Designation: Many people do not wish their lives to be prolonged on artificial life support. If there is no chance of recovery, or if you become incapacitated, whom do you wish to nominate to make your health care decisions? A married person’s first option is usually his or her spouse.
Last Will and Testament and Living Trust: Please list your children and provide the following information. If you do not have children, please list your beneficiaries and their information here.
In the event that you and your children/beneficiaries are deceased, whom do you wish to name as your alternate beneficiaries? Please list below their names; addresses; relationship to you; and the percentage of your estate you wish to leave to each.
Whom do you wish to act as your Personal Representative for your Power of Attorney for Assets should you become incapacitated? This individual should be good with finances and trustworthy. If you have more than one child, we discourage you from naming a child or children because of the potential for conflict that often arises among them. A married person’s first option is usually his or her spouse.
If you have minor children, whom do you wish to act as the Guardian of your children if both of you are deceased? The Guardian should be someone whom you trust with their physical well-being, education, care, up bringing, etc.
During your lives, you and your spouse will act as the Trustees of both trusts and you will retain full control over them. If neither of you can serve due to death or incapacity, you must name a Successor Trustee(s) to manage your trusts. As with the Personal Representative, this individual should be good with finances and trustworthy. To this end, he or she is likely to be the same individual whom you named as Personal Representative (with the exception of your spouse, who may serve as a Co-Trustee, but not as a successor Trustee).
Please provide a copy of every real estate deed, so that we can assess what, if anything, should be done with each parcel of real estate with reference to any trust that we may establish.
Please provide a copy of your last statements from any investment houses, such as Edward Jones, etc.
ASSET LIST FOR CLIENT USE: