{"id":34763,"date":"2023-12-01T05:06:40","date_gmt":"2023-12-01T05:06:40","guid":{"rendered":"https:\/\/www.process.st\/templates\/asset-checklist-for-estate-planning-the-rushforth-firm\/"},"modified":"2024-03-05T15:42:26","modified_gmt":"2024-03-05T15:42:26","slug":"asset-checklist-for-estate-planning-the-rushforth-firm","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/asset-checklist-for-estate-planning-the-rushforth-firm\/","title":{"rendered":"Asset Checklist for Estate Planning: The Rushforth Firm"},"content":{"rendered":"\n<section id=\"establish-the-clients-estate-planning-goals\"> \n <h2>Establish The Client's Estate Planning Goals<\/h2>\n <div class=\"text-content\">\n   In this task, you will work with the client to understand their estate planning goals. This is a crucial step as it sets the foundation for the entire process. By gaining a clear understanding of the client's goals, you can tailor the estate plan to meet their specific needs. Have a friendly conversation with the client to uncover their intentions, priorities, and wishes for their estate. Use open-ended questions to encourage the client to share their thoughts and concerns. Make sure to actively listen and take thorough notes to ensure nothing is overlooked. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Notes <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"gather-all-necessary-documents-such-as-will-trust-power-of-attorney-etc\"> \n <h2>Gather all necessary documents such as Will, Trust, Power of Attorney, etc.<\/h2>\n <div class=\"text-content\">\n   To proceed with estate planning, it is important to gather all necessary documents. These documents may include the client's Will, Trust, Power of Attorney, and other relevant legal paperwork. Collecting these documents upfront will help provide a complete picture of the client's estate and aid in developing an appropriate plan. Reach out to the client to request these documents and provide clear instructions on how to provide them. Make sure to emphasize the importance of confidentiality and assure the client that their information will be handled securely. \n <\/div> \n <div class=\"multi-select-content form-field-content\"> \n  <div class=\"form-group\"> <label> Documents to collect <\/label> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Will \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Trust \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       3 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Power of Attorney \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       4 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Other \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n<\/section> \n<section id=\"list-all-real-estate-and-other-significant-property\"> \n <h2>List all real estate and other significant property<\/h2>\n <div class=\"text-content\">\n   In this task, you will create a comprehensive list of the client's real estate and other significant property. This is important as it helps identify and evaluate the value of the assets that will be included in the estate plan. Ask the client to provide details about any real estate they own, such as properties, homes, or land. Additionally, inquire about any other significant property they possess, such as valuable items, collections, or heirlooms. Encourage the client to provide as much information as possible to ensure an accurate assessment of their assets. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Real estate details <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Significant property details <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"identify-all-financial-assets-including-bank-accounts-mutual-funds-stocks-bonds-etc\"> \n <h2>Identify all financial assets including bank accounts, mutual funds, stocks, bonds, etc.<\/h2>\n <div class=\"text-content\">\n   To create a comprehensive estate plan, it is crucial to identify all financial assets owned by the client. Financial assets may include bank accounts, mutual funds, stocks, bonds, retirement accounts, and other investments. Work with the client to compile a list of all their financial assets and gather relevant details. Be sure to ask for specific account information, such as account numbers and institutions, to ensure accuracy in the estate plan. \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Financial asset <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Account number <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"select-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Account type <\/label> <select disabled class=\"form-control\"> <option value=\"An option will be selected here\">An option will be selected here<\/option> <\/select> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Bank account \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Mutual funds \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       3 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Stocks \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       4 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Bonds \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       5 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Retirement account \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       6 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Other \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n<\/section> \n<section id=\"estimate-the-value-of-all-tangible-personal-property-like-art-jewelry-automobiles-etc\"> \n <h2>Estimate the value of all tangible personal property like art, jewelry, automobiles, etc.<\/h2>\n <div class=\"text-content\">\n   Determining the value of tangible personal property owned by the client is essential for creating an accurate estate plan. Tangible personal property includes items such as art, jewelry, automobiles, furniture, and other valuable possessions. Ask the client to provide an estimate of the value for each item. Encourage them to get professional appraisals if needed. This information will serve as a basis for asset distribution within the estate plan. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Item description <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n <div class=\"select-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Item type <\/label> <select disabled class=\"form-control\"> <option value=\"An option will be selected here\">An option will be selected here<\/option> <\/select> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Art \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Jewelry \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       3 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Automobile \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       4 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Furniture \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       5 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Other \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n <div class=\"number-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Estimated value <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"determine-all-business-interests-if-applicable\"> \n <h2>Determine all business interests if applicable<\/h2>\n <div class=\"text-content\">\n   If the client has any business interests, it is important to identify and evaluate them for inclusion in the estate plan. Business interests may include ownership in businesses, partnerships, or shares in corporations. Communicate with the client to determine if they possess any business interests and gather relevant details. Request information about the nature of the business and the client's ownership percentage. \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Business name <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Nature of business <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"number-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Ownership percentage <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"identify-all-life-insurance-and-retirement-accounts\"> \n <h2>Identify all life insurance and retirement accounts<\/h2>\n <div class=\"text-content\">\n   Life insurance and retirement accounts play a significant role in estate planning. It is crucial to identify all such accounts owned by the client. Life insurance policies and retirement accounts, such as 401(k)s or IRAs, have specific beneficiary designations that must be considered. Work with the client to gather information about each policy or account, including the current beneficiaries listed. This step will ensure that the estate plan aligns with the client's intentions and the designated beneficiaries. \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Policy\/account name <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Beneficiary <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"select-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Account type <\/label> <select disabled class=\"form-control\"> <option value=\"An option will be selected here\">An option will be selected here<\/option> <\/select> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Life insurance \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Retirement account \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n<\/section> \n<section id=\"review-previous-tax-returns-and-financial-statements\"> \n <h2>Review previous tax returns and financial statements<\/h2>\n <div class=\"text-content\">\n   Reviewing the client's previous tax returns and financial statements is essential for gaining insights into their financial history. These documents can provide valuable information about income sources, investments, and potential tax consequences. Request the client's permission to review their tax returns and financial statements. Analyze these records to identify any recurring patterns or issues that may impact the estate plan. Use this information to inform decision-making during the planning process. \n <\/div> \n <div class=\"file-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Upload previous tax returns <\/label> \n   <div class=\"file-container\"> <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button> \n   <\/div> \n  <\/div> \n <\/div> \n <div class=\"file-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Upload financial statements <\/label> \n   <div class=\"file-container\"> <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button> \n   <\/div> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"compile-a-list-of-all-tangible-and-intangible-assets-alongside-their-fair-market-value\"> \n <h2>Compile a list of all tangible and intangible assets alongside their fair market value<\/h2>\n <div class=\"text-content\">\n   In this task, you will compile a comprehensive list of all the client's tangible and intangible assets, including their fair market value. Tangible assets may include real estate, personal property, and vehicles, while intangible assets may include stocks, bonds, and intellectual property. Work with the client to gather the necessary information and estimate the fair market value of each asset. This list will serve as a valuable reference for developing the estate plan. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Asset description <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n <div class=\"multi-select-content form-field-content\"> \n  <div class=\"form-group\"> <label> Aspect of asset <\/label> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Tangible \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Intangible \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n <div class=\"number-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Fair market value <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"approval-asset-valuation\"> \n <h2>Approval: Asset Valuation<\/h2>\n <div class=\"approval-content\"> \n  <div class=\"header\"> \n   <div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div> \n  <\/div> \n  <div class=\"approval-rule-subject-tasks-list\"> \n   <ul class=\"list\"> \n    <li> \n     <div class=\"approval-rule-subject-tasks-list-item\"> \n      <div class=\"item\"> \n       <div class=\"container\"> <span class=\"title\">Estimate the value of all tangible personal property like art, jewelry, automobiles, etc.<\/span> \n        <div class=\"body\">\n         Will be submitted\n        <\/div> \n       <\/div> \n      <\/div> \n     <\/div> <\/li>\n    <li> \n     <div class=\"approval-rule-subject-tasks-list-item\"> \n      <div class=\"item\"> \n       <div class=\"container\"> <span class=\"title\">Compile a list of all tangible and intangible assets alongside their fair market value<\/span> \n        <div class=\"body\">\n         Will be submitted\n        <\/div> \n       <\/div> \n      <\/div> \n     <\/div> <\/li> \n   <\/ul> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"identify-all-debts-commitments-and-other-liabilities\"> \n <h2>Identify all debts, commitments and other liabilities<\/h2>\n <div class=\"text-content\">\n   To create an accurate estate plan, it is crucial to identify all debts, commitments, and other liabilities of the client. Debts may include mortgages, loans, credit card balances, or other financial obligations. Commitments can encompass ongoing contractual agreements or legal responsibilities. Work with the client to compile a list of all their debts and commitments, ensuring that no liabilities are overlooked and the estate plan accounts for them appropriately. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Debt\/commitment description <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"compile-a-comprehensive-list-of-all-liabilities-and-their-due-dates\"> \n <h2>Compile a comprehensive list of all liabilities and their due dates<\/h2>\n <div class=\"text-content\">\n   Building upon the previous task, compile a comprehensive list of all the client's liabilities and their due dates. Liabilities include debts, commitments, or other financial obligations. Capture information about the type of liability, due date, and any other relevant details. It is essential to have a clear understanding of these liabilities to develop an effective estate plan that addresses all financial responsibilities. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Liability description <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n <div class=\"date-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Due date <\/label> \n   <div class=\"date-container\"> <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button> \n   <\/div> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"determine-the-nature-of-all-assets-whether-they-are-separate-community-or-quasicommunity-property\"> \n <h2>Determine the nature of all assets, whether they are separate, community, or quasi-community property<\/h2>\n <div class=\"text-content\">\n   Identifying the nature of assets as separate, community, or quasi-community is crucial for estate planning. Work with the client to determine the nature of each asset owned, as this distinction may impact ownership rights, taxation, and distribution. Ensure the client understands the differences between the categories and provide guidance if needed. Ask the client to provide details about each asset's origin and any relevant agreements or legal documents establishing its nature. \n <\/div> \n <div class=\"text-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Asset description <\/label> \n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\"> \n  <\/div> \n <\/div> \n <div class=\"select-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Asset nature <\/label> <select disabled class=\"form-control\"> <option value=\"An option will be selected here\">An option will be selected here<\/option> <\/select> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Separate property \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Community property \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       3 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Quasi-community property \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n<\/section> \n<section id=\"document-the-whereabouts-of-asset-titles-and-deeds\"> \n <h2>Document the whereabouts of asset titles and deeds<\/h2>\n <div class=\"text-content\">\n   In this task, document the whereabouts of important asset titles and deeds. These records establish ownership and are essential for the proper management of assets during the estate planning process. Work with the client to identify where they have stored these documents and record the location and any relevant details. Emphasize the importance of keeping these records safe and secure. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Asset title\/deed description <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Whereabouts <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"consider-future-financial-needs-and-retirement-plans\"> \n <h2>Consider future financial needs and retirement plans<\/h2>\n <div class=\"text-content\">\n   When creating an estate plan, it is important to consider the client's future financial needs and retirement plans. Gain insight into the client's retirement goals, desired lifestyle, and any specific financial requirements they may have. Ask open-ended questions to encourage the client to share their aspirations and potential concerns. Assessing these factors will help ensure that the estate plan aligns with the client's long-term goals. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Future financial needs <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n <div class=\"multi-choice-content form-field-content\"> \n  <div class=\"form-group\"> <label> Retirement plans <\/label> <select disabled class=\"form-control\"> <option value=\"\">Multiple options can be selected from this list<\/option> <\/select> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      401(k) \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      IRA \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       3 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Pension \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       4 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Other \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n<\/section> \n<section id=\"identify-potential-tax-issues-related-to-the-estate\"> \n <h2>Identify potential tax issues related to the estate<\/h2>\n <div class=\"text-content\">\n   Identifying potential tax issues related to the estate is crucial for effective estate planning. Work with the client to gather information about their financial situation and ask relevant tax-related questions. Determine if there are any significant tax implications or obligations that need to be considered in the estate plan. This information will help develop strategies to minimize tax burdens and ensure compliance with applicable tax laws. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Tax-related notes <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"establish-a-plan-for-distribution-of-assets-in-case-of-death-or-incapacity\"> \n <h2>Establish a plan for distribution of assets in case of death or incapacity<\/h2>\n <div class=\"text-content\">\n   Establishing a clear plan for the distribution of assets in the event of the client's death or incapacity is a key objective of estate planning. Collaborate with the client to develop a distribution strategy that aligns with their intentions and goals. Discuss potential beneficiaries, their roles, and the desired allocation of assets. Ensure that the plan reflects the client's wishes and provides for alternate scenarios to accommodate unforeseen circumstances. \n <\/div> \n <div class=\"textarea-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Asset distribution plan <\/label> <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"review-current-will-and-trust-to-ensure-they-are-uptodate-and-reflects-current-estate-plan\"> \n <h2>Review current will and trust to ensure they are up-to-date and reflects current estate plan<\/h2>\n <div class=\"text-content\">\n   Reviewing the client's current will and trust is essential to ensure that they are up-to-date and accurately reflect their current estate plan. Request copies of these documents from the client and perform a thorough assessment. Identify any necessary updates or modifications that may be required to align the will and trust with the client's goals and intentions. Communicate any recommended changes to the client and seek their approval to proceed. \n <\/div> \n <div class=\"file-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Upload current will <\/label> \n   <div class=\"file-container\"> <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button> \n   <\/div> \n  <\/div> \n <\/div> \n <div class=\"file-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Upload current trust <\/label> \n   <div class=\"file-container\"> <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button> \n   <\/div> \n  <\/div> \n <\/div> \n<\/section> \n<section id=\"seek-legal-advice-on-estate-tax-planning-if-necessary\"> \n <h2>Seek legal advice on estate tax planning if necessary<\/h2>\n <div class=\"text-content\">\n   Seeking legal advice on estate tax planning can be crucial in certain situations. Consultation with an expert in estate tax planning is recommended, especially when dealing with complex estates or potential tax implications. Collaborate with the client to analyze their estate plan and identify any areas where legal advice may be required. Communicate the benefits of seeking professional guidance and provide them with resources or contacts to consult. \n <\/div> \n <div class=\"select-field-content form-field-content\"> \n  <div class=\"form-group\"> <label> Would you like to seek legal advice on estate tax planning? <\/label> <select disabled class=\"form-control\"> <option value=\"An option will be selected here\">An option will be selected here<\/option> <\/select> \n  <\/div> \n  <ul class=\"items\"> \n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       1 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      Yes \n    <\/div> <\/li>\n   <li class=\"item\"> \n    <div class=\"step-number-container\"> \n     <div class=\"step-number\">\n       2 \n     <\/div> \n    <\/div> \n    <div class=\"step-checkbox-container\"> \n     <div class=\"step-checkbox\"><\/div> \n    <\/div> \n    <div class=\"item-name-static\">\n      No \n    <\/div> <\/li> \n  <\/ul> \n <\/div> \n<\/section> \n<section id=\"approval-final-estate-plan\"> \n <h2>Approval: Final Estate Plan<\/h2>\n <div class=\"approval-content\"> \n  <div class=\"header\"> \n   <div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div> \n  <\/div> \n  <div class=\"approval-rule-subject-tasks-list\"> \n   <ul class=\"list\"> \n    <li> \n     <div class=\"approval-rule-subject-tasks-list-item\"> \n      <div class=\"item\"> \n       <div class=\"container\"> <span class=\"title\">Review current will and trust to ensure they are up-to-date and reflects current estate plan<\/span> \n        <div class=\"body\">\n         Will be submitted\n        <\/div> \n       <\/div> \n      <\/div> \n     <\/div> <\/li>\n    <li> \n     <div class=\"approval-rule-subject-tasks-list-item\"> \n      <div class=\"item\"> \n       <div class=\"container\"> <span class=\"title\">Seek legal advice on estate tax planning if necessary<\/span> \n        <div class=\"body\">\n         Will be submitted\n        <\/div> \n       <\/div> \n      <\/div> \n     <\/div> <\/li> \n   <\/ul> \n  <\/div> \n <\/div> \n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Establish The Client's Estate Planning Goals In this task, you will work with the client to understand their estate planning goals. This is a crucial step as it sets the foundation for the entire process. By gaining a clear understanding of the client's goals, you can tailor the estate plan to meet their specific needs. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"cover_icon_emoji":"\ud83d\udccb","cover_icon_url":"","tasks_count":"20","template_description":"Explore the comprehensive Asset Checklist for Estate Planning by The Rushforth Firm, outlining all steps to properly plan and manage estate assets.","template_id":"jUmqh9OpijxXPLkB5ydPmQ","task_0":"Establish The Client's Estate Planning Goals","task_slug_0":"establish-the-clients-estate-planning-goals","task_1":"Gather all necessary documents such as Will, Trust, Power of Attorney, etc.","task_slug_1":"gather-all-necessary-documents-such-as-will-trust-power-of-attorney-etc","task_2":"List all real estate and other significant property","task_slug_2":"list-all-real-estate-and-other-significant-property","task_3":"Identify all financial assets including bank accounts, 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