■ Marital status. If you’re married, you can
Disposition of Estate
give the bulk of your money to your spouse,
1. To spouse
either outright or in a trust, and also make
Descriptions of assets
plans in the event your spouse does not
____________________________________________________________
survive you.
____________________________________________________________
If you have children, you can give your
____________________________________________________________
money to them in equal or unequal shares, or you can create a trust for their benefit. If you’re single, you may have children
2. To other beneficiaries (besides spouse) Descriptions of assets/names and relationships of
or grandchildren to think about or nieces or
beneficiaries ________________________________________
nephews you would like to remember. You
____________________________________________________________
may also want part of your estate to go to parents, brothers or sisters. ■ Charitable bequests. A gift to a charity can
3. To a contingent beneficiary if the above beneficiaries do not survive you
take many forms, including a specific amount
Description of asset/name and relationship of
of money, a particular asset or a percentage of
beneficiary
your estate.
_____________________________________________________
■ Special assets. Do you have jewelry, art
____________________________________________________________
objects or other prized possessions you would like to give to someone who would
4. To charitable organizations
enjoy having them? Then say so in your will.
Descriptions of assets or dollar amounts/names and
■ Power of appointment. If your late spouse
addresses of charitable organizations
or parent created any trusts for your lifetime
_____________________________________________________
benefit, you may have the right to dispose
____________________________________________________________
of part or all of the remainder, provided you refer specifically to this power in your own will.
5. Residue of estate Names and addresses of charitable organizations
3
Meet With an Estate Planning Attorney.
and other beneficiaries; percentages allocated
Once you have completed the inside
_____________________________________________________
chart and the disposition list at right, you
____________________________________________________________
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The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
A Personal Record:
Estate Planning You Can Do at Home