Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Tuesday, December 24, 2013

Simple Estate Planning Steps


Don’t wait to do your estate planning.  Instead, take that weight off your shoulders right now and ensure there’s a plan in place if the unthinkable were to happen to you.  Here are four steps most people can follow to take care of their estate planning needs:

  1. Prepare a master information document.  This should provide all the information one would need to close out your accounts and obtain any balances you might have.
  2. Purchase a life insurance policy.  Buy a term policy if you have anyone who relies on your income.
  3. Write a will.  Execute a will to ensure your personal items are given to the right people.
  4. Include guardianship plans in your will.  Decide who should take care of dependents. 

See Trent Hamm, 4 Steps for Simple Estate Planning, US News, Dec. 17, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


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