Purpose: This interactive assessment reviews your critical legal documents to ensure your family, assets, and business are properly protected. Each section identifies current coverage, provides a subjective assessment, and generates actionable steps.
Consider this: Without proper legal documents in place -- who will pay the bills? Who will manage the investments? Who will run the business? Who will care for minor children? These are not abstract questions -- they are realities your family may face.
Client Information
📜
Wills
Not Reviewed▼
Present Coverage
☑ Action Steps
Create a will
If no will exists, engage an estate planning attorney to draft one
Review outdated will
If will is more than 3-5 years old or life circumstances have changed
Review executor selection
Confirm executor is still willing, able, and appropriate for the role
Review guardian selection for minor children
Ensure named guardians are still willing and suitable
Review asset coordination
Verify titled assets, joint ownership, and TOD/POD designations align with will
Review beneficiary designations
Life insurance, retirement accounts, and annuities pass outside the will -- confirm alignment
Review distribution timing
Consider age-based distributions vs. lump sum for younger beneficiaries
Review special needs language
If a beneficiary has special needs, ensure a supplemental needs trust is in place
Consider testamentary trust
A trust created by the will to manage assets for minors or specific purposes
Consider Q-TIP trust
Qualified Terminable Interest Property trust for blended family situations
Consider Irrevocable Life Insurance Trust (ILIT)
Remove life insurance proceeds from the taxable estate
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Trusts
Not Reviewed▼
Present Coverage
☑ Action Steps
Create a trust
Engage an estate planning attorney to determine the appropriate trust type
Review assets held in trust
Confirm real estate, accounts, and policies are properly titled in the trust name
Review successor trustee
Ensure the named successor trustee is still appropriate and willing to serve
Review distribution timing and terms
Verify distribution provisions still align with your wishes and beneficiary needs
📝
Power of Attorney
Not Reviewed▼
Present Coverage
☑ Action Steps
Create a durable power of attorney
Establish financial authority for a trusted person to act on your behalf
Review agent selection
Confirm the named agent is still trustworthy, capable, and willing
Review scope of authority
Ensure POA covers banking, investments, real estate, and business operations as needed
Verify financial institutions accept the document
Some banks require their own POA forms -- verify acceptance proactively
🏥
Living Will / Healthcare Directive
Not Reviewed▼
Present Coverage
☑ Action Steps
Create a living will / advance directive
Document your wishes for end-of-life medical care
Designate healthcare surrogate
Name a trusted person to make medical decisions if you cannot
Execute HIPAA authorization
Allow designated individuals to access your medical records
Provide copies to healthcare providers
Ensure your primary physician and local hospital have copies on file
💼
Buy & Sell Agreement
Not Reviewed▼
Present Coverage
☑ Action Steps
Create a buy-sell agreement
Establish a plan for business ownership transfer at death, disability, or departure
Review and update business valuation
Ensure the agreement reflects current fair market value of the business
Review funding adequacy
Confirm life insurance and/or disability buyout coverage matches current valuation
Review triggering events
Death, disability, retirement, divorce, bankruptcy -- ensure all scenarios are covered
Coordinate with estate plan
Ensure buy-sell agreement aligns with will, trust, and beneficiary designations