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Estate planning basics checklist

Essential steps for basic estate planning.

Core documents

  • Will: who gets what and who cares for minor children.
  • Durable power of attorney for finances.
  • Healthcare directive (living will) and healthcare proxy.
  • Review beneficiaries on retirement accounts and life insurance; they override the will.

When to update

  • After marriage, divorce, or birth of a child.
  • When moving to a new state.
  • When assets or wishes change significantly.

Where to keep them

  • Originals in a safe place; tell your executor where they are.
  • Copies with your attorney or a trusted person if appropriate.

WealthyCalc provides general information only, not financial advice. For advice tailored to your situation, consult a qualified professional.