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It is Mother’s Day this month, to honor and celebrate the women who raised us why not treat your mom to a long-lasting Mother’s Day gift of estate planning. While we do not like to think about dying no planning can lead to families’ disputes, court litigation, and excess money paid in estate taxes. You surely know the benefits of getting it done early, it is a wise choice and the one way you can ensure that mom is properly taken care of, should something happen. Along with preserving your mother’s wishes, you will be ensuring that all her assets transfer to the people she wishes to receive them.

The four main elements of an estate plan; include a will, a living will and healthcare power of attorney, a financial power of attorney. To start getting your mother affairs in order please follow this checklist it will make a big difference and it will keep you organized:

  • Document inventory all valuables
  • List assets like bank accounts,401K, IRAs, life insurance policies, long-term care, homeowners, auto, disability, and health insurance.
  • Compile a list of debts
  • Update the beneficiaries on all accounts or set them up to have a transfer on death (TOD) designation
  • Select a responsible Estate Administrator
  • Draft a will, a healthcare power of attorney, a financial power of attorney, and a living will
  • Make copies of your lists
  • Send a copy to the administrator

This month, let your Mom know how much you care. Make this Mother’s Day an extraordinary event for both of you.

Happy Mother’s Day!



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