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Documents Needed for Estate Planning

April 13, 2021

Good estate planning can include making a letter to your executor providing them with important information and documents that can help them implement your wishes upon death. There are several areas to plan for:

Who should be notified of your death?

Would you like a funeral or a memorial ceremony?

  • If so, what type?

  • Who should attend?

  • Would you like flowers or donations to charity?

    • Which charity?

Where is your will located?

Where are your life insurance policy, pension, annuity, or retirement account documents stored?

Where are your bank account and safe deposit box records?

Where are your stock, bond, or mutual fund records?

Where are your real estate deeds?

You can also plan to avoid unnecessary losses. Stocks, bonds, bank accounts, real estate, and insurance policy benefits may go unclaimed and could be turned over to the state government if not properly planned for. Each year such benefits go into state treasuries because the rightful owners can not be located. Organize your information and identify its location for your executor. You can write a letter detailing your information, locations, and plans such as:

  • funeral plans

  • insurance policies

  • wills, living trusts, deeds, and other important documents

  • pensions and retirement accounts

  • bank, money market, and mutual fund accounts

  • stocks and bonds

  • items in safes and safe deposit boxes

  • the location of photographs, heirlooms, and other irreplaceable items

However you organize your affairs, create a clear, easily accessible system for others to implement. When you have everything in order, store your information in a safe place. Consider keeping everything in a fireproof metal box, file cabinet, or home safe. Consult with an experienced attorney for your estate planning needs.

Juan C. Velasco, Esq. is a trusted attorney who has been serving the New Jersey area for over 25 years. If you are in need of experienced legal counsel, please contact Velasco Law Office and we will be happy to assist you.