#ESTATE PLANNING CHECKLIST WORD TEMPLATE HOW TO#

Estates, Trusts, and Other Beneficial Interests.Banks and Other Financial Institutions.The signature is presumed to be authentic if acknowledged before a notary public. Signing Requirements – Must be signed by the principal or another individual directed by the principal to sign on their behalf.This will involve handling bank accounts, real estate, bills, and managing other facets of the principal’s affairs.ĭurable (Financial) Power of Attorney – Grants an individual with the authority to control the principal’s finances while they are incapacitated and unable to act. The financial agent, however, will act on behalf of the principal’s financial interests exclusively. Similar to a health care agent, a financial agent will make important decisions for the principal when they can no longer do so under their own volition. While not legally required, it is recommended that an attorney be consulted while completing any of the below-mentioned documents. The guide below should be used to ensure that one’s medical and financial interests are protected throughout their lifetime, and to build a plan for the distribution of their estate after death.

Create a Living Trust or Last Will and Testament.

#ESTATE PLANNING CHECKLIST WORD TEMPLATE HOW TO#

How to Create an Estate Plan in Hawaii (6 steps) The principal’s financial decisions will be outlined in a Durable (Financial) Power of Attorney. The principal can establish the administration of their estate following their death by creating a Last Will and Testament or a Revocable Living Trust. The person seeking to prepare for such scenarios (referred to below as the “principal”) can designate a medical attorney-in-fact by completing an Advance Health Care Directive. Included in the checklist are documents that are imperative to the proper arrangement of one’s end-of-life preferences. A Hawaii estate planning checklist is a guide for individuals planning their end-of-life affairs in preparation for incapacitation or death.

Estate planning checklist word template