The Keys of 7 Estate Planning€¦ · The Keys of Estate Planning ! LawOﬃceof!! Aquane]a!J.!Be]s,!LLC! 10451!Mill!Run!Circle! Suite!400! Owings!Mills,!MD!21117! (410)7010127

The Keys of Estate Planning

Aquanetta J. Betts, J.D.

7

E-‐Book

Introduc+on Page 3 The 7 Keys of Estate Planning: 1.   Check Your Beneficiary Designa+ons – Life Insurance Policies. Page 4 2.   Update Other Beneficiary Designa+ons. Page 5 3.   Get Estate Planning Documents. Page 6 4.   Set up a Trust, if Needed. Page 7

5.   Remember -‐ Life Changes. Page 8 6.   Communicate With Family and Loved Ones. Page 9 7.   Put Your Health Care Treatment Preferences and Wishes in Wri+ng. Page 10 Bonus Key Page 11 _____ Extra item included in this E-‐Book: Cer+ficate of Congratula+ons for viewing The 7 Keys of Estate Planning(full size suitable for framing)

The 7 Keys of Estate Planning

2 The 7 Keys of Estate Planning Copyright 2015 Aquanetta J. Betts, J.D. All rights reserved. www.abettslaw.com

Table of Contents

Introduc+on

The 7 Keys of Estate Planning Copyright 2015 Aquanetta J. Betts, J.D. All rights reserved. www.abettslaw.com

3

About the Author… Aquane*a J. Be*s is an a*orney, speaker and blogger. She spends her <me working with individuals, businesses and nonprofit organiza<ons helping them to create estate plans, business succession plans and charitable giving strategies. It is her hope that the informa<on in this E-‐Book -‐ The 7 Keys of Estate Planning, will inspire and mo<vate you to get some planning done. Aquane*a J. Be*s is licensed to prac<ce law in the District of Columbia and Maryland.

Check Your Beneficiary Designa+ons: •  Life Insurance Policies – ensure that the names of beneficiaries (individuals or chari<es) are valid and reflect your wishes.

1.


Update Other Beneficiary Designa+ons: ü Re+rement Accounts (401ks)

ü Bank Accounts ü Employee Benefits (HR Department)

2.


Get Estate Planning Documents: • Will •  Financial Power of A]orney

• Health Care Advance Direc+ve (with Living Will)

3.


Set up a Trust, (if needed): •  Spouse or Children/Grandchildren

• Monitor and Protect Assets

•  Special Needs • Medicaid Planning

4.


Remember -‐ Life Changes – and so should your Estate Plan. Here are some items to consider: • Marriage •  Birth • Divorce • Death •  Assets (Purchase/Sell) • Health

5.


Communicate With Family and Loved Ones. Find a trusted individual: •  Inform him/her about your estate plan. – Where are your important documents?

– Who to contact in case of an emergency?

6.

The 7 Keys of Estate Planning Copyright 2015 Aquanetta J. Betts, J.D. All rights reserved. www.abettslaw.com 9

Put Your Health Care Treatment Preferences and Wishes in Wri+ng -‐ With an Advance Direc<ve

7.


Ask Ques+ons, and Get Help From an Estate Planning A]orney.

Bonus Key



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© Copyright 2015 Aquane*a J. Be*s, J.D. All rights reserved. www.abe]slaw.com

____________________________________________________________ for

viewing The 7 Keys of Estate Planning

on

This ____________ day of __________________________, 20 _______.

Congratulations to


Law Office of Aquane]a J. Be]s, LLC 10451 Mill Run Circle Suite 400 Owings Mills, MD 21117 (410) 701-‐0127 Website: www.abe*slaw.com Blog: www.abe*slawblog.com

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The 7 Keys of Estate Planning © Copyright 2015 Aquane]a J. Be]s, J.D. All rights reserved. This E-‐Book has been adapted from the original presenta+on format of The 7 Keys of Estate Planning authored in October 2015. This informa+on is for informa+onal purposes only. No legal advice has been provided, and no a]orney/client rela+onship has been formed un+l a Retainer Agreement has been signed. Law Office of Aquane]a J. Be]s – a]orney licensed in the District of Columbia and Maryland.

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