#6 steps estate planning checklist how to#

Healthcare Proxy : A document where you name someone to make healthcare decisions for you if you become unable to do so.Durable Power-of-Attorney : A document that allows you to name someone to make financial decisions for you if you become disabled.Trust: Financial plans that protect and manage your property while you are alive and after your death, which can prevent the need for court proceedings after your death.Will: A document directing to who and how your property will be given after your death.The documents that can be included in your estate plan are:

#6 steps estate planning checklist how to#

How to make your end-of-life health care decisions, including whether to stop treatment in certain circumstances if you become terminally ill and/or incapacitated.How to make your healthcare decisions if you become incapacitated.How to protect and/or give your property and assets after your death.How to protect and/or give your property and assets if you become incapacitated.How to protect and/or give your property and assets while you are capable.If you plan ahead and make your wishes clear following New York procedures, your wishes should be honored.Ī complete estate plan will have documents that cover the decisions listed below. These laws control what happens if you become incapacitated without an estate plan or die without a will, which may not match what you would have chosen for yourself. If you do not decide these things ahead of time, they may be decided for you by a New York court according to the Estates, Powers and Trusts law (EPTL). Who is Covered by Workers’ Compensation Law?Įstate planning is a process that helps you make many important decisions that you may face in your lifetime.What injuries are covered by Workers’ Compensation law?.What are Workers’ Compensation benefits?.Restrictions on Transferring Real Property.Restrictions on Right to Exclude Others from Real Property.Restrictions on Ownership Rights in Real Property.+ Residential Mortgage Loan Foreclosure In New York.Other Restrictions on Use of Real Property.Veterans’ Affairs Healthcare and Prescription Drug Benefits.Veterans’ Affairs Benefits Appeal Process.

Supplemental Nutrition Assistance Program (SNAP).

+ Social Security Disability Insurance & Supplemental Security Income.

New York State Public Benefits Appeal and Complaint Process.

What if I am sued in a personal injury case?.

Slip/Trip & Fall (unsafe conditions on property).

Examples of Cases That Can Result in Product Liability.

Rights & Responsibilities of Landlords & Tenants.

Modification & Enforcement of Maintenance Award.

New York State Paid Family Leave Act 2019.

New York’s New Debt Collection Regulations.

Getting Into Debt – Consumer Credit Transactions.

Purchasing Consumer Products & Services.

+ Consumer Contracts for Certain Services.

Starting a Business – Business Structure & Incorporation.

Corporations & Limited Liability Companies.

Common Defenses in Breach of Contract Cases.Afterward, the individual can decide who they believe is the best fit to handle their end-of-life decisions as well as who to give their property after death. To create an estate plan, an individual will need to understand the laws in their State and gather a list of their assets. This is especially useful in the chance a person can no longer pay bills or take care of everyday matters for themselves. Power of Attorney – Select an individual to act as an agent and make financial decisions while alive. Select a spouse or family members and detail exactly who will and who won’t be a beneficiary. Last Will and Testament – Used to designate how personal assets will be distributed after death. Also allows the selection of end-of-life treatment options. Estate Planning Checklists: By StateĪdvance Directive – Choose a person to assist and make medical decisions in the chance someone cannot do so for themselves. In addition, someone can establish who will get what after they die and whether it’s best for the estate to go through the probate process. This will allow a person to decide who they would like to handle their personal finances if they should not be able to themselves. By following the checklist, an individual can get an idea of the estate laws in their State and choose which forms suit their personal financial situation best. An estate planning checklist is a guide on how to plan an individual’s assets and end-of-life health care if they should die or become incapacitated.