{"id":32507,"date":"2008-03-26T16:35:41","date_gmt":"2008-03-26T21:35:41","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/uncategorized\/how-comprehensive-is-your-estate-plan-seek-advice-for-every-no.html"},"modified":"2008-03-26T16:35:41","modified_gmt":"2008-03-26T21:35:41","slug":"how-comprehensive-is-your-estate-plan-seek-advice-for-every-no","status":"publish","type":"corporate","link":"https:\/\/corporate.findlaw.com\/finance\/how-comprehensive-is-your-estate-plan-seek-advice-for-every-no.html","title":{"rendered":"How Comprehensive Is Your Estate Plan: Seek Advice For Every &#8220;No&#8221; And &#8220;Don&#8217;t Know&#8221; Answer."},"content":{"rendered":"<section class=\"fl-gutenberg-byline\">\n    <div class=\"fl-gutenberg-byline-content\">\n                    <p><em>This article was edited and reviewed by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\" rel=\"noopener\">FindLaw Attorney Writers<\/a><\/em><\/p>\n\n                | Last reviewed\n        <time>\n                            May 16, 2026\n                    <\/time>\n    <\/div>\n\n    \n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-legally-reviewed\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Legally Reviewed\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>This article has been written and reviewed for legal accuracy, clarity, and style by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\" rel=\"noopener\">FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with <a href=\"https:\/\/www.findlaw.com\/company\/company-history\/editorial-policy.html\" rel=\"noopener\">our editorial standards<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n\n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-fast-checked\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Fact-Checked\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>The last updated date refers to the last time this article was reviewed by FindLaw or one of our <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/contributing-authors.html\" rel=\"noopener\">contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please <a href=\"https:\/\/lawyers.findlaw.com\/?fli=bylinelink\" rel=\"noopener\">contact an attorney in your area<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n<\/section>\n\n\n\n<div class=\"rxbodyfield\" xmlns:o=\"urn:www.microsoft.com\/office\" xmlns:st1=\"urn:www.microsoft.com\/smarttags\" xmlns:w=\"urn:www.microsoft.com\/word\" xmlns:x=\"urn:www.microsoft.com\/excel\"><ul><li><p align=\"CENTER\">QUESTION<\/p><\/li><li><p align=\"CENTER\">YES<\/p><\/li><li><p align=\"CENTER\">NO<\/p><\/li><li><p align=\"CENTER\">DON&#39;T KNOW<\/p><\/li><li><p>Do you have a Will?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Do you have a Health Care Power of Attorney and Living Will?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Do you have a Durable General Power of Attorney?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Does your will name a guardian for your children if both you and your spouse are deceased?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you comfortable with the persons you have named to make financial and\/or medical decisions for you or your children if you are unable to act?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Have you considered a Living Trust in order to avoid probate?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you taking advantage of your Unified Credit (the $675,000 exemption)?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you taking full advantage of your Marital Deduction?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>If you want to limit your spouse&#39;s flexibility over his\/her inheritance, have you created a QTIPTrust in your will?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you certain your assets are properly titled to effect the estate planning you have put into place?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Do you and your spouse each own enough assets directly in order to take advantage of the $675,000 exemption?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Have you utilized an irrevocable life insurance trust to exclude insurance proceeds from being taxed in your estate?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you taking maximum advantage of the $10,000 annual gift tax exclusion?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Have you created trusts that qualify for the annual gift tax exclusions?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Have you gifted assets that have a strong probability of future appreciation?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Do you have a management succession plan for your business?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Have you considered a gifting program involving your family-owned business?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you sure you have the right amount and type of life insurance?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p>Are you sure your estate plan is up-to-date and takes into account all potential tax-savings strategies?<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><li><p align=\"CENTER\">!<\/p><\/li><\/ul><br\/><br\/><\/div>","protected":false},"excerpt":{"rendered":"<p>Do you have a Will? Do you have a Health Care Power of Attorney and Living Will? Do you have a Durable General Power of Attorney? Does your will name a guardian for your children if both you and your spouse are deceased? Are you comfortable with the &#8230;<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_categories":[6484,6479,6483],"class_list":["post-32507","corporate","type-corporate","status-publish","hentry","corporate_categories-finance__tax__federal-tax","corporate_categories-finance","corporate_categories-finance__tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate\/32507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=32507"}],"wp:term":[{"taxonomy":"corporate_categories","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_categories?post=32507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}