Sub-section 8: Estate Settlement
MM120204 ©2005 Time & Money, LLC
Estate Settlement Checklist
The following checklist is intended to help you and your personal representative/successor trustee take
appropriate action before and after your death to be sure your estate is settled the way in which you
intend and with the least amount of time and effort on the part of your representative/trustee.
Conduct an annual review of all your asset schedules, titles, wills, trusts, and estate distribution
plans. Be sure that asset schedules are updated, titles are worded correctly, and wills and trusts
are current and accurate; have your attorney make any required changes.
Update your personal and family information and be certain that your death notification and
burial arrangements reflect your current wishes.
Record estate settlement instructions for your personal representative and heirs. If you wish to
leave behind a personal and family history, be sure it has been written or tape-recorded.
Meet with your personal representative or successor trustee and do the following:
1. Review the contents of Section 8 of the Master Planner.
2. Review and discuss your wishes regarding distribution of assets.
3. Review the location of wills, trusts, cemetery plots, bank and investment accounts, life
insurance policies, pension plans, funeral program outline, titles, and other important
documents; read and discuss these documents.
4. Familiarize your representative with the contents of your house and/or business office and
apprise them of where other important items are located.
Locate the deceased’s original will or trust. Estate-planning attorney, Michael R. Loveridge,
advises, “The decedent’s will might be located with his or her attorney, in his safety deposit box,
or among his personal papers at his home or office. You might also advertise in a local or state
bar journal for anyone having knowled