Estate executor: Your executor should be someone you trust completely to be organized and get the job done according to your wishes.If circumstances have changed among your partners or if your chosen heir to your business is either no longer interested or available, it is time to revisit your documents and make some changes. Business succession: Many business owners include succession plans in their estate planning arrangements.This ensures your child will be protected and cared for according to your wishes in the event of your passing. Guardianships: Whenever you have or adopt a child, it is important you review your will and add guardianship stipulations.

Policy and account beneficiaries: Any insurance policies or accounts you have that require you to list a beneficiary-such as a life insurance policy or retirement account-should be up for review if you either get divorced from your chosen beneficiary or if a beneficiary passes away.Your will gives you the ability to leave property to chosen beneficiaries in the manner of your choosing. Examples include the death of a beneficiary, the birth of a new child, a marriage or divorce, the purchase of new (and valuable) property or the launch, purchase or sale of a business. Alter your will: Some events will cause you to want to make changes to your will.The following is a quick checklist of reviews and changes you may need to make to your estate plan after a major life event: Whether it’s a marriage, a divorce, the birth of a new child, a new job or a big move, anything that you would classify as a significant adjustment to your life should prompt you to take another look at your estate planning documents. Anytime you go through a major life event or milestone, it is important you review your estate plan to ensure it is up to date and properly reflects your current life circumstances and goals.

Estate planning checklist 2018