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What should be on my estate planning checklist?

Quick answer

A comprehensive estate planning checklist includes: revocable living trust or will, financial power of attorney, healthcare power of attorney, living will/advance directive, beneficiary designation review, life insurance review, guardianship designations for minor children, and a letter of intent for your family.

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For the next generation.

Illinois has a $4M estate tax exemption that's not portable between spouses without specific trust planning. The work we do now is what your kids inherit instead of paying.

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