Estate Plan Quiz

  1. Do you have a current Will or Trust in place?
    Yes
    No
    Don’t Know
  2. Do you have a current Financial Power of Attorney?
    Yes
    No
    Don’t Know
  3. Do you have an Advance Healthcare Directive (a.k.a. Living Will)?
    Yes
    No
    Don’t Know
  4. Has your current Estate Plan been reviewed in the last five years?
    Yes
    No
    Don’t Know
  5. Does your current Estate Plan contain a customized definition to determine whether you are mentally incapacitated?
    Yes
    No
    Don’t Know
  6. Does your current Estate Plan give instructions for your care and the care of your loved ones in the event of your incapacity?
    Yes
    No
    Don’t Know
  7. Are you certain your current Estate Plan will minimize possible death taxes: including taxes on your home, life insurance and IRA’s?
    Yes
    No
    Don’t Know
  8. Is your current Living Trust fully funded so that your estate will not be subject to probate?
    Yes
    No
    Don’t Know
  9. Have you taken steps to avoid possible will contests and disputes during the administration of your estate upon your death?
    Yes
    No
    Don’t Know
  10. Does your current plan protect your children’s inheritance…
    • In the event your surviving spouse chooses to remarry?
      Yes
      No
      Don’t Know
    • From creditors?
      Yes
      No
      Don’t Know
    • From Lawsuits?
      Yes
      No
      Don’t Know
    • From a Child’s divorcing spouse?
      Yes
      No
      Don’t Know
  11. Does your current Estate Plan protect assets passed to your surviving spouse?
    • In the event your surviving spouse chooses to remarry?
      Yes
      No
      Don’t Know
    • From creditors?
      Yes
      No
      Don’t Know
    • From lawsuits?
      Yes
      No
      Don’t Know
  12. Have you recently checked the beneficiary designations of your retirement plans, life insurance policies, and annuities?
    Yes
    No
    Don’t Know
  13. Does your current Estate Plan name guardians for your minor children?
    Yes
    No
    Don’t Know
  14. Is each person identified in your Estate Plan to carry out your wishes willing and able to do so?
    Yes
    No
    Don’t Know
Good job in keeping your comprehensive estate plan up to date. We recommend that you continue to keep your comprehensive plan up to date by reviewing it annually, updating your plan with the changes in your life and consulting with an attorney on a regular basis.
Your Estate Plan may not be comprehensive and could possibly use some updating. We recommend that you consult with an attorney to insure that your Estate Plan is comprehensive and up to date.
Your Estate Plan appears to be out of date. Please schedule an appointment with McDowall Cotter, APC, to review the plan as soon as possible.

If you would like to talk to one of our attorneys, please complete the following form, and we will contact you to schedule an appointment.

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