Setting Goals: Estate Planning

estate planning worksheet

Estate plans are vital. And everyone should have one. Just be sure you’re covering your bases. My experience says even highly competent estate planning attorney will fail to ask important questions. So you need to ask some of these questions yourself . . . and be prepared to direct your attorney in ways he or she might not normally think to go or, perhaps, never has gone before!

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Setting Good Financial Planning Goals

I have run into the following questions more often than I can remember. And, most of the time, I have found them rather frustrating. How about you?

  • Where do you want to be (financially) in five years? 10 years? 20 years? When you retire? Etc. (???)
  • What are you aiming for in your investments: Preservation of capital? Income? Growth? Profits? Speculation? Hedging? . . .
  • You’re about to buy a stock. The “best” advisors say you should know your exit strategy. Okay. So when will you know it’s time to sell?
  • What’s your number (when you will know you have enough to retire)?
  • Where do you want your money to go when you die?

And so forth.

Why are these questions so frustrating? Because—at least for me—I have a hard time pinning myself down! So much “depends”!

Worse, (more…)


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