5 Important Estate Planning Considerations

estate planning

When first determining your estate planning goals, there are a number of items to consider regardless of your age.

While each family situation is different and will require an individualized assessment, five important issues that might influence your initial planning include:

  1. Family and occupational information, including children’s names, ages and locations, changes in marital status, children from prior marriage, and frequency of communication
  2. Financial information such as business ownership, names of accountants and
    financial advisors, current income, and an asset profile, including bank
    accounts, real estate, securities, personal property, insurance, retirement
    accounts, annuities, and circumstances impacting asset protection needs
  3. Your current health and your family’s health, and the impact of any disabilities
  4. Information relative to your family’s medical history
  5. Current estate planning documents