No matter your age or health, it's important to have your will and other estate plans in order. If it's been a while since you reviewed your plans-or if you haven't yet created a will-use the following checklist to take stock of your situation.
- An up-to-date will. You'll need to update this document after major life changes, such as births, deaths and moves to different states, or tax law updates.
- Other important documents. Are your banking and credit card information, trust documents, insurance policies, and other important records organized? Does someone like an attorney or friend know where they are and how to access them?
- Tangible property including jewelry, art and other collectibles. To keep track of your property, create a list on your computer or make a videotape inventory.
- Charitable giving through your estate. If you include a charity like ours in your plans, you can keep your assets for life while helping us provide beneficial services to others thereafter.
- A health care power of attorney and a durable power of attorney. Have you named a trusted person to make health decisions for you and another (could be the same person) to make financial decisions for you if you are no longer able to make those decisions yourself?
- Final wishes or funeral arrangements. It's a good idea to communicate your wishes to your family. Being aware of this information now will make the time when you pass away less stressful.
Now, if you feel that your estate plan needs a boost, set up a meeting with an estate planning attorney today. While updating your plans, we hope you'll remember Jewish Community Foundation of Los Angeles. Please contact Development Office at 323-761-8704 or development@jewishfoundationla.org with any questions.
Contact Us
We would be happy to assist you in your charitable planning. Contact our Development Office at 323-761-8704 or development@jewishfoundationla.org to learn more about options that may work for you.
This article is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that the editor and contributors are not engaged in rendering legal, accounting or other professional services. Therefore, the contents should not be applied as legal or financial advice.