During this second step of our process, we will conduct a holistic audit of your estate and coordinate with your other financial professionals. We will confirm your asset values, titling of accounts as well as review and discuss your objectives with you. Our goal is to gather the appropriate data and information necessary to establish and formulate a plan. Equally important to your balance sheet is a detailed discussion of your goals, objectives and desires. Depending on the specifics of your situation, here is a typical list of the documents reviewed:
- Wills and/or revocable trusts
- Irrevocable life insurance trusts
- Powers of attorney, health proxies, living wills
- Life insurance policies and most recent statements
- Most recent investment statements (retirement and non retirement)
- Most recent income tax returns
- Benefits summary (i.e. short term disability, long term disability, long term care, group life insurance, etc.)
- Any information/formulas regarding stock/retirement packages
- Titling of all assets including any mortgages, debts, fair market values, etc.
- Any other information and/or documents that you feel may be pertinent
