Here’s a simple 10-step checklist to help you start your estate planning journey today:
- List your assets: Include property, savings, investments, pensions, and insurance policies.
- Estimate values: Record approximate current values for each asset.
- Identify beneficiaries: Review and confirm all named beneficiaries across accounts and policies.
- Draft a Will: Create at least a basic Will to outline how your estate will be distributed.
- Set up Power of Attorney: Choose someone you trust to make financial or legal decisions if needed.
- Plan healthcare preferences: Prepare a living will or advance directive for medical care.
- Consider a Trust: If you own multiple assets or businesses, explore Trust options.
- Organise important documents: Store copies securely (both digital and physical).
- Seek legal and tax advice: Consult professionals before finalising your plan.
- Review regularly: Revisit your plan every 1–2 years or after major life events.
Tip: Keep documents safe but accessible, and inform a trusted person where they are stored.
