5. Estate planning

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Estate planning. “What planning documents will I need in case one of us dies?”

Your estate plan determines how your assets will be passed on to heirs after your death. When melding your life with a new partner, you will want to review your estate plans to make sure they reflect your current wishes.

The following subtasks may assist you in estate planning. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Update beneficiary designations on insurance, retirement plans, and other accounts

Subtask 2: Write new wills and advance directive documents

Blending Two Lives Tasks

1. Creating a joint spending plan
2. Building shared credit access and usage
3. Managing dual careers
4. Protecting your income with life insurance
5. Estate planning

Estate planning Subtasks

1. Update beneficiary designations on insurance
2. Write new wills and advance directive documents


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106