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An Estate Planning Checklist to Facilitate Wealth Transfer


Studies have shown that 70% of family wealth is lost by the end of the second generation and 90% by the end of the third.


Help your loved ones avoid becoming one of these statistics. You need to educate and update your heirs about your wealth transfer goals and the plan you have put in place to achieve these goals.

What Must You Communicate to Future Generations to Facilitate Transfer of Your Wealth?

You must communicate the following information to your family to ensure that they will have the information they need during a difficult time:

  • Net worth statement, or at the very minimum a broad overview of your wealth

  • Final wishes – burial or cremation, memorial services

  • Estate planning documents that have been created and what purpose they serve:

  • Durable Power of Attorney, Health Care Directive, Living Will – property management; avoiding guardianship; clarifying wishes regarding life-sustaining procedures

  • Revocable Living Trust – avoiding guardianship; keeping final wishes private; avoiding probate; minimizing delays, costs and bureaucracy

  • Last Will and Testament – a catch-all for assets not transferred into your Revocable Living Trust prior to death, or the primary mean