Birth to H.S. Graduation

 

Age 18 to 25

 

Age 25 to 50

 

Age 50 to 65

 

Age 65 & up

 

Death

                     

Childhood Years

 

College and/or Basic Work Years

 

Wealth Building Years

 

Retirement Planning Years

 

Estate Planning Years

 

Post Death Planning Period

   

 

     

 

     

 

   

Begin Drafting Wills as Children Arrive, Select Guardians

 

Review Wills and Trusts Every 5 Years Redo Guardians & Trustees

 

Review Wills & Trusts,Life Insurance Trusts, Redo Trustees & Pers. Reps

 

Review Wills & Trusts, Redo Personal Reps & Trustees

 

Reps and/or Trustee Collect Assets and Liabilities and File Probate, if necessary

   

 

 

 

 

 

 

 

 

 

Parents Paying Kiddie Tax

 

Filing Income Tax Returns

 

Planning & Filing Income Tax Returns

 

Planning & Filing Income Tax Returns

 

Planning & Filing Income Tax Returns

 

Preparation of Final Personal Income Tax Returns

 

 

 

 

 

 

 

 

 

 

 

Getting Gifts

 

Getting Gifts

 

Giving Family Gifts and/or Charitable Gifts

 

Giving Family Gifts and/or Charitable Gifts Consider Charitable Trust

 

Giving Family Gifts and/or Charitable Gifts and Funding Charitable Trust

 

Preparation of Estate Tax Returns (Income & Form 706) Consider Disclaimers

       

 

 

 

 

 

 

 

   

Funding IRA's and Retirement Plans, if possible

 

Funding Retirement Plans to the Maximum

 

Funding and Planning Retirement Plan Distributions

 

Retirement Plan Distributions & Founders Pension

 

Making Estate Return Elections

   

 

 

 

 

 

 

 

   

Parents Start Investment Planning (IRA's/Roth's)

 

Prepare Budgets, Housing and Financial Planning, Consider Buying House

 

Financial Investment Planning and Real Estate Planning, Cottages or Investment Property

 

Financial Investment Plan and Real Estate Planning, what to do with it

 

Restructure Financial Plans for Retirement

 

Sale of Assets and Disbursements to Beneficiaries

 

 

 

 

 

 

 

 

 

 

 

Parents & Grandparents Start Education Funding (529 Plans)

 

Budgeting & Financing Kids Education

 

Funding Kids Education

 

Funding Kids & Grandchildren's Education, Consider Trusts

 

Funding Education Trusts for Family

   

 

 

 

 

 

 

 

 

 

   

Parents Teach Kids About Money (Allowance)

 

Family Business or Business Purchase or Start Up

 

Business Development & Buy/Sell Agreements Set Up

 

Business Development, Succession Planning and Business Valuations

 

Sale of Business, Cash Out, Owner Financing, ESOP's

   
   

 

 

 

 

 

       

Parents to Consider Life Ins. on Kids

 

Consider Need for Basic Life Insurance

 

Restructuring Ins. Policies Consider Long-Term Care Ins.

 

Audits of Life Ins. Policies & Long-Term Care Ins.

 

Audits of Ins Policies & Long-Term Care Ins. Policy

 

Collect Ins. Proceeds, Form 712's

 

 

 

 

 

 

 

 

 

 

 

Set Up Checking Account/Debit Card & Savings Account

 

Debt Analysis: Mortgage, Equity Line, Credit Cards, Education Debt

 

Elder Care of Parents

 

Elder Care of Parents

 

Social Security, Medicare/Medicaid when to take and what supplemental policies are needed

   
                     
        Redo Structure   Pay Down Debt   Pay Off Debt    

 

 

 

         

 

   
   

Build Emergency Funds

 

Build Emergency Funds

 

Burial Plans

 

Burial Plans

   
If you would prefer a printed copy, click here.