A Practical Estate Planning Checklist for Families

A complete estate plan typically involves more than a single document. While a will is often the starting point, most families benefit from a coordinated set of documents designed to work together.

A revocable living trust can help avoid probate and provide a clear plan for managing assets. A durable power of attorney names someone to handle financial matters if you're unable to. An advance healthcare directive names a healthcare decision-maker and documents your wishes.

It's also worth reviewing beneficiary designations on retirement accounts and life insurance policies, since these often control asset distribution independently of a will.

Life changes — a move between Virginia and Florida, a marriage, a new child, or a significant change in assets — are all good reasons to review an existing plan to confirm it still reflects your wishes.