The 10-Point Legacy Protection Planning Checklist

1. Create a Will: This
   will ensures your assets are distributed according to your wishes and avoids family disputes down the line.
2. Designate Beneficiaries
   Assign beneficiaries to your financial accounts to streamline the transfer of wealth without legal complications.
3. Establish a Living Trust
   Protect your assets and avoid probate by placing them in a trust, which gives you more control over distribution.
4. Draft a Power of Attorney
   Ensure someone you trust can handle your financial or legal matters if you're unable to do so yourself.
5. Set Up Advance Healthcare Directives
   Document your healthcare wishes to guide your family and medical professionals in case of incapacity.
6. Review and Update Insurance Policies
   Regularly review life, health, and property insurance to make sure they align with your current financial goals.
7. Prepare Guardianship for Minor Children
   If you have children, appoint a legal guardian to ensure their care in the event of an emergency.
8. Minimize Estate Taxes
   Implement tax-efficient strategies like gifting and charitable contributions to preserve more of your wealth for loved ones.
9. Organize Important Documents
   Keep all legal, financial, and insurance documents in a safe, accessible place for your family or executor.
10. Review and Update Your Plan Regularly
    Life changes—so should your estate plan. Regular updates ensure it reflects your latest financial goals and family situation.