Legacy Planning Checklist

Many people believe they have time to deal with legacy planning later, so they put it off…sometimes until it’s too late.

Without a clear, up-to-date legacy plan, decisions about your life, your assets, and your legacy may be made by default, rather than by you. For families with over $1M in investable assets, even small oversights can have amplified consequences.

• Your assets may not go where you intended. Outdated beneficiaries, improperly titled accounts, or missing documents can cause assets to pass to the wrong people, or in the wrong way.
• Your family may face unnecessary stress and conflict. When wishes aren’t clearly documented, loved ones are left guessing, often during an already emotional and difficult time.
• Court involvement and delays become more likely. Without proper planning, your estate may be subject to probate, increasing costs, timelines, and public exposure.
• Unnecessary taxes can erode what you leave behind. Poor coordination between estate, tax, and investment strategies can reduce the amount your heirs ultimately receive.
• You may lose control during incapacity, not just at death. Without powers of attorney and healthcare directives, decisions about your finances and medical care could be made by the court, rather than by the people you trust.
• Life changes can quietly invalidate old plans. Marriage, divorce, children, grandchildren, relocation, or changes in net worth can render existing plans ineffective without regular review.

That’s why reviewing and coordinating your plan now can help prevent confusion, protect your family, and help ensure your wishes are honored as you intend.

We created this comprehensive legacy planning checklist to help you quickly identify what’s solid, what’s outdated, and what may be putting your family at risk—before life forces the issue.

This checklist can help you:

• Organize your assets and accounts so nothing is overlooked
• Identify essential legal documents that protect you during life, not just after
• Review trusts and ownership structures to ensure assets go where you intend
• Plan for family, business, and personal succession with clarity

Why Trust Prosperity Capital Advisors

Prosperity Capital Advisors is a holistic, process-driven wealth management firm built to help successful families with complex wealth coordinate and simplify their finances so they can focus on what matters most to them. When investment strategy, tax planning, protection, and estate considerations are handled separately, important opportunities can be missed and decisions can lose their broader context. To solve this, we created The Bucket Plan® methodology and brought CERTIFIED FINANCIAL PLANNER® professionals, tax practitioners, and insurance specialists together under one fiduciary team. The result is a cohesive, evolving wealth plan composed of the Five Pillars of Holistic Wealth Management, each tailored to your life, values, and goals.

A complimentary Legacy Plan Review with us can give you:

✔ A clear understanding of what’s working and what isn’t

✔ Insight into gaps or outdated decisions you may not realize exist

✔ Practical, prioritized next steps based on your life today and your goals tomorrow

If it’s been years since your plan was reviewed, or if life has changed, waiting only increases the risk that your plan won’t work when it matters most.