Estate planning checklist: leave nothing to chance!

Death could occur at any time, leaving your loved ones in a difficult situation. To make things easier for them and protect them from financial hardship, it is important to plan your estate carefully. This checklist allows you to quickly make sure that you haven’t forgotten anything important.

Organisation of the Estate

• • Analysis of your financial position
  • Matrimonial property regime
  • Orders of inheritance
  • Will
  • Family discussions

Banking aspects

• • Bank accounts, joint or individual (current account, savings, securities)
  • Safe-deposit box
  • Investments
  • Mortgages
  • Other loans
  • Mortgage insurance
  • Life insurance
  • Home insurance
  • Family insurance
  • Car insurance

Other financial aspects

• • Estate planning/inheritance tax
  • Taxation according to geography
  • Notarised will
  • Bequests and donations
  • Philanthropy

Division of assets among heirs

• • Principal and second residence
  • Movable assets
  • Car and sundry items
  • Works of art, collectors’ pieces
  • Family business
  • Etc.

Expert involvement

• • Notary/lawyer/chartered accountant
  • Wealth planner
  • Bankers

Useful addresses

• • Citizen portal
  • Chamber of Notaries
  • www.successions-europe.eu

For further information on the subject, check out our special feature on estate planning on myLIFE. We hope you enjoy the read!