Preparing for your sunset is never easy but it is so important. Emotions are high, but getting it done the way you want can be simple with some guidance. Here are a few things to consider:
- Who am I going to name as executor of my will? (generally spouses will name each other as their executor)
- Who will I name as a secondary executor should my spouse or other first choice not be able to act? (Name and address will be required)
- The Names, addresses, and dates of birth of any of my children, including their spouses and children’s names if any.
- How do I want my estate distributed on my death? (Often in entirety to the surviving spouse. Can also be by specific percentages to any other beneficiary including your children, grandchildren, or any other person or entity)
- Is there anyone that I specifically want excluded from receiving any portion of my estate on my death? (NOTE: Illinois does NOT allow exclusion of spouse)
- Are there any specific items or property from my estate that I specifically want to go to any specific person or entity (specific bequests)?
- If I were to require appointment of a guardian for myself or my financial affairs, who would I prefer? If that person is not willing or able to act, who would I then prefer?
- Who do I want to make health care decisions for me if I cannot make them for myself? If that person is not willing or able to act, who would I then prefer?
- Who do I want to handle my financial affairs for me if I am not able? If that person is not willing or able to act, who would I then prefer?
- Do I have specific arrangements I prefer for my funeral, services, or cremation?
Harmening Law can help you with your estate planning.
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