Basic Tips For Organizing Your Estate Plan

February 12, 2016

*  Be practical about estate planning for kid’s sake. 

 

Make sure things like a will, living will, estate plan and trusts, together with life insurance are up to date.  A list of all of your assets, including account numbers and passwords can save tons of time and heartache for those you leave behind.

 

*  Be cheap and pre-plan for after death expenses.   

 

Most things, including funeral and burial expenses are cheaper if you competitively shop and contract for them (even possibly pre-paying the expenses) instead of putting your loved ones in a position to try to plan and pay for these expenses upon your sudden demise.  My Grandma planned and payed for her simple funeral in Keokuk, Iowa.  It was a simple and lovely affair, right down to the music that was played and the type of flowers that were displayed. 

 

*  Be clear on your wishes regarding personal property. 

 

How many times have the one unique family heirloom been fought over and caused hard feelings?  More than we can count.  I know that the Leroy Neiman painting over my parents mantle in Ankeny is going to cause a huge fight with my brother.  I hope that my mom and dad take the time to designate me the recipient of that picture!

 

The Attorneys at the Iowa law firm of Whitaker Hagenow & Gustoff have great experience in estate planning and can help you with these common issues and successfully aid in planning your estate.

 

 

 

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