Estate Planning

 Annual Estate Review

Here are some things to consider when you need to conduct an annual review of your estate plan.


Review/Update Beneficiaries, Trustees, etc.

  • Review current beneficiary list.
  • Review current trustee and guardians
  • Add/update your financial assets. For example, Insurance, retirement accounts, bank accounts, investment accounts, etc.

Update Financial Information

  • Gather copies of your life, health, car, and home insurance policy documents
  • Update your list of financial accounts (e.g., bank accounts, credit cards, mortgages, loans)

Charitable Giving

  • Consider using RMD to minimize tax liabilities.
  • Consider options for charitable giving.
  • Review and update charities and bequests   

Titles and Property Deeds

  • Gather the titles and deeds for physical assets (Real Estate, Vehicles, etc.)
  • If you’ve established a trust, retitle your property so the trust is the owner.    


Review Estate Plan with Financial Professional

  • Schedule an appointment with financial professional
  • Consider the following group of professionals to speak with. CPAs, CFPs, and Estate Attorney    

Update Digital Logins and Passwords

  • Consider naming a digital executor in your will.
  • Created a list of all your digital assets:
  • Bank & financial accounts.
  • Social media & email accounts    

Update Proof of Identity Documents

  • Social security card
  • Birth, marriage, and divorce certificates.
  • Prenuptial agreements  

Review Annual IRS Gift Limit

  • Consider gifting beneficiaries the annual gift limit to mitigate any potential future estate tax liability.
  • Annual gift tax limit per recipient- Make sure to be within yearly limit.
  • Any gifts above limit must be reported to IRS on yearly tax return.

Ready to enhance your estate plan? Click here to schedule a meeting with our wealth manager. 


About Our Financial Planners

As financial planning experts in Lake Oswego, we offer a unique approach to develop a comprehensive financial plan that fits your unique situation.

Lake Oswego Office

5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035

(503) 747-6534
(503) 214-6534


Palm Spring Office

777 E. Tahquitz Canyon Way, Suite 200-105
Palm Springs, CA 92262

(760) 606-0087
(760) 606-0084


Roseville Office

3017 Douglas Blvd., Suite 300
Roseville, CA 95661

(916) 546-8598