Guam Estate Planning Questionnaire

State:
Multi-State
Control #:
US-Q1014
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in an estate planning matter, such as wills, trusts, healthcare documents, deeds, and more. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorneys case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new clients needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Failing to plan. Not discussing with family and friends. Naming just one Beneficiary. Forgetting about Power of Attorney or Healthcare Representatives.

The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

The Estate Planning Must-HavesWill/trust.Durable power of attorney.Beneficiary designations.Letter of intent.Healthcare power of attorney.Guardianship designations.

Five of the Most Common Estate Planning Questions AnsweredWhat is the difference between a will and a trust? Wills and trusts have some similarities.What is Power of Attorney?Do I need to create a medical directive?When should I make updates to my estate plan?I'm worried my family will contest my will.

What are Some General Items Included in the Gross Estate?Cash, both physical cash and that which is stored in bank accounts;Savings bonds;Stocks and other investments;Real estate, such as houses or businesses that the deceased owned;Automobiles; and.Personal belongings, like jewelry.

How to create a bulletproof estate planStep 1: Sign a will. Photo: Mark Wragg.Step 2: Name beneficiaries.Step 3: Dodge estate taxes.Step 4: Leave a letter.Step 5: Draw up a durable power of attorney.Step 6: Create an advance health care directive.Step 7: Organize your digital and paper files.

5 Essential Estate Planning DocumentsLast Will and Testament. This legal document is the foundation for a successful estate plan.Living Trust.Durable Power of Attorney (POA)Healthcare Power of Attorney (POA)Living Will.

Estate planning checklistLast will and testament.Revocable living trust.Beneficiary designations.Advance healthcare directive (AHCD) / living will.Financial power of attorney (POA)Insurance policies and financial information.Proof of identity documents.Titles and property deeds.More items...?

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Guam Estate Planning Questionnaire