Velasco Law Office, Attorneys at Law Edison New Jersey NJ Bankruptcy Law Business & Commercial Law Family Law Estate Planning Litigation & Appeals Lawyers

CHECKLIST FOR WILLS

1 ESTATE PLANNING TOOLS
A. Will
B. Joint tenancy
C. Living trusts
D. Lifetime gifts
E. Business recapitalization

2 SELECTING YOUR HEIRS
A. Spouse
B. Children
C. Parents
D. Other relatives
E. Friends
F. Charitable organizations

3 IDENTIFYING YOUR DEBTS AND LIABILITIES
A. Credit cards
B. Loans
C. Home mortgages

4 LISTING YOUR PROPERTY AND THE HEIRS TO RECEIVE IT
A. Automobiles and boats
B. Bank accounts
C. Computers and electronic equipment
D. Home and household goods
E. Insurance
F. Jewelry
G. Rental property
H. Stocks and bonds

5 APPOINTING AN EXECUTOR FOR YOUR ESTATE

6 NAMING A GUARDIAN FOR YOUR CHILDREN

7 CREATING TRUSTS FOR ALL OR A PART OF YOUR PROPERTY

8 ALLOCATING TAXES AMONG YOUR HEIRS

9 PROVIDING FOR FORCED HEIRS DISINHERITING UNWANTED HEIRS COORDINATING WITH THE WILL OF YOUR SPOUSE
DIRECTIVE TO DOCTORS TO WITHHOLD LIFE SUPPORT
("LIVING WILL")

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Wills