estate planning

Distributing assets to your heirs

Estate planning is much easier when everything is well documented.

The following worksheet can help you itemize how you want the assets in your estate distributed. It will also be helpful when preparing or updating your Will.

Be sure to consult with your advisor as to which assets may have potential tax liabilities so that you can address these concerns in your estate plan.

Click here to view worksheet.

Passing it on to Your Heirs

Ralph and Mary have accumulated a nice estate, a good portion of it in cash. They want to leave it all to their children when they die, but they also want to do something for them today. Being part of the Savings Generation, they are reluctant to give large sums to their kids today, as they are part of the Spending Generation. Ralph and Mary also want to treat their children as fairly as possible.

When someone dies, their estate falls into three basic categories:

Part 1 - Proceeds that can be passed on by way of a named beneficiary designation.

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