Preserve Your Legacy

Estate Planning | Elder Law | Special Needs Planning

PLAN ADVISOR MEETINGS

PLAN ADVISOR MEETINGS

Estate planning takes a team effort. This is the perfect idea to plan and schedule important meetings at the same time. This includes scheduling meetings with an estate planning attorney, insurance professional, CPA, and financial advisor. If you take the time to schedule these meetings over the next few weeks, you will be well on your way to beginning to creating the future you want.

1. Don’t let fees stand in your way.

Estate planning works well with the help of other professionals.

While professional fees can be a big concern, this is something that shouldn’t stop you from proper planning. The truth is, you will likely be offered a free or low-cost initial consultation with an estate planning attorney.

Even if you have to pay the attorney’s hourly fee, it is a worthwhile investment.

A CPA will charge by the hour, so fees will depend on your specific needs.

Both insurance professionals and financial advisors are paid through the products that they sell. You will most likely not have to pay a direct fee for their time.

2. Many people need an estate planning attorney and advisors.

Many people assume that only the rich need an estate planning attorney and advisory team. The truth is, everyone needs estate planning and many people can benefit from a team of advisors.

Feel free to ask your estate planning attorney if you are unsure whether you need an advisory team.

3. Be honest and share all information with your attorney.

If you fail to disclose assets to your estate planning attorney in order to avoid paying legal fees, there could be problems in the future.

For example, after you die, you may suffer a loss to state or federal taxes.

By sharing all information and assets, your attorney will be able to create a proper estate plan. You should always be genuine with your professionals.

4. Follow these guidelines when planning meetings:

  • Meet with your estate planning attorney every three to five years. If a law changes or you experience a significant life change, you may need to meet with your attorney sooner.
  • Meet with your CPA twice a year or as recommended.
  • Check in with your financial advisor quarterly.
  • Check in with your insurance professional on a yearly basis.

Call a qualified estate planning attorney and make advisory appointments. This will allow you to have several professionals looking out for your future.

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