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Estate Planning Introduction | Estate Planning Problems | Factual Estate Data |
Absence of Valid Will | Charitable Remainder Trust | Glossary | Request Information
Factual Data Required for Estate Planning 
The first step in developing an effective estate plan is to gather comprehensive and
accurate data on all aspects of the family. The types of factual data required by professionals are listed below:
| Type Data |
Description |
| Personal Data |
Names, addresses, phone numbers, family consultants, family birth dates and birth certificates, occupations, health problems, support needs, citizenship, marital status, marital agreements, wills, trusts custodianships, trust, beneficiary, gifts or inheritances, social security numbers, education and military service records |
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Property (except life insurance or business) |
Classifications, title, indebtedness, basis, date and manner of acquisition, value of marketable securities and location |
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| Life Insurance |
Policies, face amounts, location |
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| Health Insurance |
Medical expense insurance benefit, Disability Income |
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| Business Interest |
Name, address, ownership. Valuation factors; desired survivorship control; name, address, and phone numbers of business attorney and accountant |
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| Employee Census Data |
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| Family Income |
Income of client, spouse, dependent children, income tax information |
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| Family Finances |
Budget information, investment preferences ranking of economic objectives, capital needs, other objectives |
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| Income and capital needs: |
Retirement: Age. required amount, potential sources
Disability: Required amount,
Death: Expected resources of income |
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| Liabilities |
Classification of liabilities, creditors, amounts, whether insured or secured |
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| Factors affecting plan |
Gift propensity, charitable inclinations, emotional maturity of children, basic desires for estate distribution |
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| Authorization for information |
Life insurance |
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| Receipt for documents |
Personal and business |
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CHRISTCO INVESTMENTS & ASSOCIATES
P. O. BOX 218056 | HOUSTON, TX 77218-8056
Local Phone 281) 493-4089
Toll Free 866-863-4835
Fax (281) 493-9838
Local Address 3523 Hornbeam Drive
Houston, TX 77082 |
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This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, or accountant.
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