Whether you’ve met with an estate planning attorney before or it’s your first time, it’s important to understand how working with an estate planning attorney is different than meeting with a traditional lawyer.
This article will explain what’s involved with such a consultation, and it may even inspire you to request a free phone consultation to learn more about getting your estate planning started or updated.
A Typical Consultation
A typical “initial consultation” would be a meet-and-greet-type of meeting in which the lawyer tells you the documents you need to put in place and quotes you a fee to provide those documents.
In such a meeting, however, it will likely be difficult for you to know exactly what you need for your unique family situation and how to make the right decision, outside of simply considering whether the cost of these documents fits within your budget or not. Unfortunately, deciding what you need based solely on the cost of documents will likely lead you to make choices that won’t actually serve and protect your family and assets.
A Better Estate Planning Outcome
An estate plan based on a cookie cutter approach is more likely to omit important considerations that can impact you during your lifetime and beyond. A better and more complete process requires careful planning beginning with a personalized assessment of everything you have in place that pertains to your legal and financial situation. This inspection allows for the identification of strengths and vulnerabilities in protecting yourself, your family and your pets. It is foundational for a protective and comprehensive estate plan.
During a thorough estate planning session, you will have a complete understanding of what would happen to everyone you love and everything you own should something happen to you—whether it’s under your current plan or the plan the state has for you if you don’t have an estate plan yet. From there, you can decide if that plan is how you want things handled. Or if you’d want a different outcome, you can choose an estate plan to ensure things go exactly the way you want in your absence.
Locating Your Family Assets
Surprisingly, many people do not have a clear awareness of what they own or where to find their assets. This is the reason there are more than $58 Billion (yes, Billion with a “B”) of lost and unclaimed assets held by state and federal agencies. Oftentimes people become incapacitated or die, and their family simply overlooks these assets.
It’s likely that you haven’t devoted years of your precious time and energy to build your family wealth only for your heirs to lose track of it when something happens to you. With a well designed estate plan in place and kept up to date, your family will know what you have and how to locate it should anything happen to you.
Estate Plan Options
If you decide to create an estate plan or redesign an existing one, you can select the type of plan you want based on the different packages available from Albanis Law. You can literally choose your fee based on what’s most important to you, what’s not important to you, and with a clear understanding of the impact of your choices.
A comprehensive estate planning session is a true educational opportunity for you to ensure you’re doing the right thing by your loved ones. This investment of your time now will save your family countless hours of heartache and work down the road, while also keeping them out of conflict and out of court.
Unfortunately, death is unavoidable. But you can make it far easier on the people you love by the choices you make now. And facing the reality of this fact today allows you to make choices that will let you enjoy your life even more. Indeed, our clients report a huge level of relief after meeting with us, and they frequently say they wished they’d done it sooner.
REQUEST A FREE ESTATE PLANNING CONSULTATION
Whether you have young children, are looking back at a life well-lived, or have a business to protect, let’s have a conversation and talk about how I can help you.
I know it’s not easy to face our own death. And as a mother with two active boys, I understand how hectic life can be. But based on my own experience and those of clients, I have seen how planning for our death and incapacity (even though it can be uncomfortable at first) creates an enormous amount of peace of mind. Let’s get started now on creating a plan to protect you and your family throughout your lifetime and beyond.