Did you know that about 70% of Americans don’t have any estate plan? If you’re one of them, you’re not alone—and it’s easier than you think to take the first steps. An estate plan isn’t just for the wealthy; it’s a loving way to protect your family, avoid probate headaches, and give everyone peace of mind.
In 2026, with permanent higher federal estate tax exemptions ($15 million per person, $30 million for couples, indexed for inflation), most families face less tax worry—but life changes, digital assets, and family needs still make planning essential. This beginner-friendly checklist gives you simple, actionable starts—no jargon, just practical to-dos to get going.
Why Start Now? Quick Benefits
Prevent court delays and extra costs for loved ones.
Name guardians for minor kids or decision-makers if you’re incapacitated.
Protect your home, savings, and legacy for your spouse, kids, or grandkids (including Gen Z heirs).
Explore tax-smart options like trusts without guarantees—outcomes vary by your situation.
Your 2026 Beginner Estate Planning Checklist (Start Small!)
Gather Your Basics (1-2 Hours) Make a simple list of what you own: home, bank accounts, investments, retirement plans, life insurance, vehicles, and digital assets (email, social media, crypto passwords). Note debts too. This “master file” helps spot what needs protection—many families start here and feel instantly more organized.
Decide Who Gets What (Family Chat) Think about your wishes: Who inherits your home or savings? For blended families or minor kids, who raises them? Write down ideas—no formal document yet. Talking with your spouse reduces stress later.
Create or Update Key Documents
Will: Names an executor and guardians for kids; directs asset distribution.
Revocable Living Trust (great for homeowners/multiple properties): Avoids probate, keeps things private, handles incapacity.
Power of Attorney (Financial): Lets someone manage bills/money if you can’t.
Healthcare Proxy/Advance Directive: Chooses who makes medical decisions. Start with basics; add trusts for more control.
Name Beneficiaries on Accounts Check retirement accounts, life insurance, and bank/investment accounts. Update POD/TOD designations—they transfer directly, bypassing probate. Coordinate with your will/trust for consistency.
Include Digital Assets List online accounts and passwords (use a secure manager). Add instructions in your plan so loved ones can access them—2026 makes this a common need.
Review for 2026 Changes With higher exemptions, focus on family protection over tax fears. If assets near/exceed thresholds, explore trusts/charitable strategies. Always check state rules (e.g., probate varies).
Talk to a Pro (The Easiest Step) Schedule a free consult to review your list and draft documents. It’s affordable with $0-down financing options—no pressure.
Common Questions Answered
Do I really need this if my estate is small? Yes—probate can still cost time/money, and incapacity planning protects you now.
How much does it cost? Basic packages start around $1,250–$2,000; many offer financing.
What if laws change again? Plans can be updated easily—start simple today.
Don’t let another year pass without protecting your family. These steps give you control and peace of mind. At J. Davenport Legal / Davenport & Associates, Americans just like you get started gently and affordably.
Schedule your complimentary call today: Click here → https://iwantmyestateplan.com/free-call Or call (203) 853-6300. We look forward to helping you build that peace of mind!
About the author
John F. Davenport, founder of J. Davenport Advisors/Davenport & Associates and J. Davenport Legal in Norwalk, CT, is a licensed attorney in New York and Connecticut. As an experienced estate planning attorney and financial advisor, he has spent more than 30 years guiding clients through revocable living trusts, asset protection planning, Medicaid strategies, and tax-efficient wealth transfer, while also providing investment advisory and retirement income planning services to help families secure both their lifetime needs and their legacy for their heirs.
