• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Sexton, Bailey Attorneys, PA

SEXTON BAILEY ATTORNEYS, PA an Arkansas Estate Planning & Trust Information Center

Sexton, Bailey Attorneys, PA

Northwest Arkansas Estate Planning Attorneys (479) 443-0062

Client Vault
  • Home
  • Our Firm
    • Our Firm
    • About the American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • News & Events
    • Our Reviews
    • Speaker Connection
  • Estate Planning
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • Legacy Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Webinars
  • Practice Areas
  • Resources
    • DocuBank
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • FREQUENTLY ASKED QUESTIONS
      • Estate Planning
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning
      • Medicaid Planning
      • Pet Planning
      • Trust Administration & Probate
    • Newsletters
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Contact Us
  • Blog
Home / Asset Protection / Your Estate Planning “Bucket List”

Your Estate Planning “Bucket List”

June 19, 2013 by Audra Bailey Wilcox Leave a Comment

Did you see the movie “Bucket List”?   The concept is basically that you have a list of things to accomplish before you kick the proverbial bucket.   One of the best things you can do for your heirs is to complete your estate planning “bucket list” during your lifetime.  But this goes beyond wills and trusts.  Here are some other items for your checklist, most of which you can do yourself (or with your spouse and/or family) without the assistance of a professional.  These include:

(1) Take inventory of tangible assets.  This should include items inside and outside of your home(s).  Anything worth $100 or more should be included.  A video inventory or at least photographs of valuables is strongly advised.

(2) Take inventory of your life insurance policies, bank accounts, retirement accounts, and other non-tangible assets you may have that will affect your estate planning.

(3) List your debts, starting with mortgages and car notes, then credit card debt, other loans, etc.  The list should include anything that you would owe if you died today.

(4) Make a list of any charitable organizations you support and any regular contributions you make to them and whether your estate planning advisors should continue these gifts after your death.

(5) Meet with an estate planning attorney to make sure that your estate is set up to handle everything on your lists to maximize its value.

(6) Discuss these items with the people who will handle your estate, e.g., executors, trustees, etc., to make sure that they understand the items on the lists and that they know your wishes about how to handle them.

Taking these important estate planning steps before you die can save you and your heirs time, money and effort.  Once these steps are accomplished, you can relax and focus on skydiving or running with the bulls or whatever you have on your other bucket list.

  • Author
  • Recent Posts
Audra Bailey Wilcox
Audra Bailey Wilcox
Attorney at Sexton, Bailey Attorneys, PA
Audra Bailey Wilcox
Latest posts by Audra Bailey Wilcox (see all)
  • Pandemic Relief for Employers - April 15, 2021
  • How to Dispose of “Stuff” - April 13, 2021
  • Will My IRA Transfer Through Probate? - March 8, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sexton, Bailey Attorneys, PA

Is Your Plan Outdated?

Subscribe to Our Blog

Office Address

Fayetteville
2766 Millenium Drive
Fayetteville, AR 72703
Phone: (479) 443-0062

Office Address

Prairie Grove
1100 Division Street, Suite 4
Prairie Grove, AR 72753
Phone: (479) 846-6026

Office Address

Farmington
6 West Main
Farmington, AR 72730
Phone: (479) 267-4441

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 12:00 PM

Map

map for office
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

footer-logo

© 2021 American Academy of Estate Planning Attorneys, Inc.