The records, documents and decisions each area involves, from business succession and trusts to incapacity and estate administration.
Each checklist covers one topic, grouped by stage, so a family and its advisers can see what exists and what is missing.
Gather basis, gift and inheritance records, trust income and distribution details, beneficiary reporting and tax election documents for your adviser review.
The groups below describe which records exist and what questions each one answers for owners of operating businesses, their spouses, and adult children.
Contribution records support the claimed charitable gift. Ordinary income property and capital gain property have different general deduction descriptions.
For owners of businesses, real estate, and private investments, these details can affect how an estate is administered across jurisdictions. Free guide.
Gather digital account, custody, recovery and authority records for an estate planning conversation, with questions about access, privacy and asset valuation.
Gather disability, trust, benefit and elder care records, with questions about financial authority, family care, asset ownership and beneficiary designations.
New York practitioners describe beneficiary-designated, survivorship, and trust assets as typically passing outside the will and executor's administration.
Medical records from multiple providers may reveal cognitive conditions relevant to an allegation that a person lacked capacity when creating a will or trust.
Estate planning practitioners describe succession planning in terms of next-generation involvement, ownership, and family members who may want a role.
Gather estate and gift tax returns, appraisals, trust documents, insurance records and GST elections, with questions to prepare for your transfer tax review.
Georgia limits a trustee to costs that are appropriate and reasonable in relation to the assets, the trust's purposes and the trustee's skills. Free guide.
A document may take effect immediately or upon incapacity, and it may grant broad or narrow authority. A health care agent may differ from the financial agent.
State rules differ, and property held through an entity can have state-specific tax treatment. Property location can connect an estate to more than one state.
Estate tax return instructions call for five years of statements for a decedent's partnership or unincorporated business interest, including goodwill.
Insurance and estate liquidity reviews address cash needs, policy records, beneficiary designations and buy-sell agreements for business owners and trustees.
Gather retirement beneficiary forms, spouse and trust records, balances and tax history to prepare focused questions about inherited account requirements.
This checklist explains records and questions for owners of businesses, real estate, and private investments, and for their spouses and adult children.
Gather wills, asset titles, beneficiary records, trust documents, inventories and probate notices, with focused questions for your estate administration review.
