Estate Planning Report Card
The following checklist includes a series of statements about your current estate plan. By completing it, you can figure out a grade for your current estate plan. The lower your grade, the more urgent is the need for you to meet with an estate planning attorney.
If a statement is true, or if the statement does not apply to you, write a “1” in the Points column below it. For example, if you do not have minor children, then the statement “My Will nominates a guardian for my minor children that I can trust” does not apply to you, and you should enter a “1” below it.
If you are not sure whether a statement is true, or you are not sure whether it applies to you, leave the Points column below it blank.
Refer to the Scoring Instructions at the end of this Report Card to find out your grade.
Take your total above and look at the table below to determine your grade:
|Your Total Score||Your Letter Grade|
What Does My Grade Mean?
The grade from the above table represents how urgent is the need for you to meet with an estate planning attorney. A low grade doesn’t necessarily mean that you need to change anything with your estate plan, but it means that you should have a knowledgeable attorney review it with you.
Similarly, a high grade doesn’t necessarily mean that you shouldn’t change anything about your estate plan, but it does suggest that you’ve worked closely with an attorney in the recent past, understand what your estate plan does, and that you are happy with it.