Do I Have Enough Money?

Estate planning is designed to help you create enough wealth to keep you and your loved ones financially secure. In an effort to empower you to plan your estate wisely, let’s start with some steps you can take now. 

Gather the Facts 

To plan you must know what the facts are. Gather your financial information and compile it two different ways. First, put together a listing of your assets-list each asset, how it is titled (in your name, jointly, in your husband’s name, in a trust) and its approximate value. Include in your list:

  • Real estate
  • Investments
  • Retirement plan
  • Annuities
  • I.R.A.s
  • Business interests
  • Valuable artwork and personal effects
  • Life insurance

Now list any debt-such as:

  • Mortgage
  • home equity loan
  • installment loans

Second, put together a list of your income:

  • Your salary
  • Your spouse’s salary
  • Investment income (whether you use it in your lifestyle or your reinvest it)
  • Passive income (from rental real estate or other investments)

Next list your expenses:

  • Mortgage
  •  Rent
  • real estate taxes
  • utilities
  • insurance 

Your lifestyle expenses:

  • travel
  • entertainment
  • style
  • beauty

Your anticipated expenses, such as:

  • tuition
  • long term care needs

Take the time now to prepare a complete list. If you have any challenges or need additional information please feel free to comment below.

Check back next week for my post, Understand the Facts.  This will help you analyze the facts you have gathered.


  1. […] an earlier post, Do I Have Enough Money, I outlined the first step, gathering the facts. In this post, I will help you to analyze and […]

Speak Your Mind