Page 10 - Belco Connections - March 2019

An Estate Planning Checklist

What to check (and double-check)
A message from Belco Retirement & Investment Services

Create a will if you do not yet have one. A valid will may save your heirs from
some expensive headaches linked to probate and ambiguity. A solid will drafted with
the guidance of an estate planning attorney will likely cost you a bit more than a
“will-in-a-box,” but may prove worth the expense.
Complement your will with related documents. Depending on your estate
planning needs, this could include a trust (or multiple trusts), durable financial and
medical powers of attorney, a living will, and other items.
Review your beneficiary designations. Who are the beneficiaries of your
retirement plans and/or insurance policies? If you aren’t sure, it is probably a good idea
to go back and check the documentation to verify (or change) who you have
designated as beneficiary.
Create asset and debt lists.:PVTIPVMEQSPWJEFZPVSIFJSTXJUIBOBTTFUBOEEFCU
“map” they can follow, so that they will be aware of the little details of your wealth.

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