Will Estate Planning Checklist: What You Need to Protect Your Family

Estate planning is not just for the wealthy or elderly. It’s about making sure your wishes are followed, your loved ones are protected, and your assets are managed properly, no matter your age or net worth.

If you’re ready to create or update your plan, this will and estate planning checklist will help you understand what to include and why it matters.

1. Last Will and Testament

Your will is the foundation of your estate plan. It lets you:

• Name an executor to carry out your wishes

• Appoint guardians for minor children

• Specify who will inherit your property and assets

• Make gifts to individuals or charities

Without a will, the state decides how your assets are distributed, which may not reflect your intentions.

2. Revocable Living Trust (Optional but Recommended)

A living trust allows you to:

• Transfer ownership of assets during your lifetime

• Avoid probate, which can be time-consuming and costly

• Manage assets in case of incapacity

• Keep your estate private

Not everyone needs a trust, but it’s often helpful for those with real estate, significant assets, or beneficiaries who need financial oversight.

3. Durable Power of Attorney

A durable power of attorney lets someone you trust manage your financial and legal affairs if you become incapacitated.

This may include:

• Paying bills

• Handling investments

• Selling property

• Managing business interests

Without this document, your loved ones may need to go through court to take action on your behalf.

4. Health Care Proxy and Living Will

These two documents ensure your medical preferences are respected.

• A health care proxy names someone to make medical decisions if you can’t

• A living will outlines your wishes for end-of-life care, such as life support or resuscitation

Together, they give your family peace of mind during difficult moments.

5. Beneficiary Designations

Some assets pass outside of your will, such as:

• Life insurance policies

• Retirement accounts (401k, IRA)

• Payable-on-death bank accounts

Check that your beneficiary designations are up to date and consistent with your will.

6. List of Assets and Accounts

Keep a detailed inventory of your:

• Bank and investment accounts

• Real estate and vehicles

• Life insurance and retirement accounts

• Debts and liabilities

• Digital assets (online accounts, cryptocurrency)

This makes it easier for your executor and reduces the chance of overlooked assets.

7. Funeral and Burial Instructions (Optional)

You can include your preferences for funeral arrangements, burial or cremation, and related costs. While not legally binding, it can help guide your family during an emotional time.

8. Secure Storage and Access

Once your documents are complete:

• Store them in a safe but accessible location

• Share copies or access instructions with your executor, agent, or attorney

• Review your plan every few years or after major life events

Need Help Creating Your Estate Plan?

At Kamini Fox, PLLC, we help individuals and families across New York create thoughtful, effective estate plans. Whether you're just starting or need to update an existing will, we’ll walk you through every step.

We take the time to understand your goals, explain your options, and draft documents tailored to your needs, not just a one-size-fits-all solution.

Schedule a Free Consultation

 Call 516-493-9920 or contact us online to start your estate planning with confidence.