Your Wealth Transition Checklist

This checklist closes the pillar. It is short on purpose. Tick what is already true. Circle what you will finish in the next thirty days. Anything that needs a lawyer can wait for an appointment; it should not wait for a perfect mood.

The List

1. Every bank account, provident-fund account, public provident fund, mutual-fund folio and insurance policy has a nominee you have read this year.
2. Those names match the family you have now, not the family you had when the account was opened.
3. You have decided whether to write a will. If you have one, you have read it after the last marriage, birth, divorce, death or house purchase.
4. If you have a minor child, the will names a guardian, or that conversation is on the calendar.
5. One other adult knows where the will sits.
6. A one-page map exists: accounts, policies, loans, lockers, planner, accountant. One other adult knows where that map sits.
7. Digital access has a plan — not passwords on the same page as the list.
8. You have not signed a general power of attorney unless a wide, trusted need exists. One-time tasks use a specific power.
9. A private trust is either not needed, or it is a conversation with a professional after items 1 to 6 exist.
10. Someone in the next generation knows that a plan exists and whom to call first.

What to Do This Month

Do not work the whole list in one Sunday if that will make you put the file down for a year. Choose two items. Finish them. Put the next two on a date. The annual review you already keep for tax and loans is a good date for items 1, 2 and 6.