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Creating the Family Estate Plan

Gathering the Estate

During our first phone call we try to gain a basic understanding of your particular situation and concerns. We'll explain our planning process and set a specific time to meet with you. We'll send you our Confidential Information Packet, which includes:

  • A confirmation letter confirming the date and time of our meeting
  • Directions to our firm’s offices
  • An explanation of the planning process ahead
  • Basic information about our firm
  • A checklist of the documents we would like you to bring to our meeting
Biography
Initial Visit and Evaluation

During our initial visit we ask you to share some of your background and history so we can get a good understanding of where you are right now and what’s most important to you and we will talk to you about your concerns and goals. During this discussion we come to a deeper understanding of your family dynamics, your unique needs, and your desires. We will take the time to answer all of your questions regarding the particulars of the law as it relates to your family and estate. Based on what we learn in these conversations, we will outline our recommendations and process, including our price to do this work and both your and our responsibilities.

If you decide you would like to proceed with our process and engage us, we will then take you through a step-by-step preliminary plan design process. We will discuss with you the tasks that will be necessary to complete your plan, including the additional information that we will need and the approximate time line for each of the steps. We will then work with you to transform your financial and emotional considerations into a workable and understandable Preliminary Plan.

Analyzing and Testing

Part of our planning process involves analyzing, testing, and challenging combinations of planning theories and strategies for the allocation, distribution, and protection of your assets and often results in adjustments or modifications to the Preliminary Plan. This part of the process in particular is often enhanced by the contribution of your other advisors.

Building the Plan

Your Plan is then built through the use of legal documents, narratives, graphs, charts, models, and schedules. This is a team collaborative effort where our firm works with your other advisors (as appropriate) to build every aspect of a comprehensive estate plan that is unique to you and which addresses the elements you have identified as most important. While there is no one perfect answer, we make every effort to build your Plan in a way that is balanced, manageable and understandable.

Presenting the Plan

We believe your input into the plan at each step is critical. We will meet with you to review and confirm all aspects of the plan and then with your understanding and approval we will proceed to the signing of each of your plan documents.

Implementation

The signing of the documents is not the end of the process. While the documents create the structure of your plan, your plan will not be effective until it is implemented. We will work with you and your other advisors to develop a detailed plan and implementation schedule.

Confirmation

We will then answer any remaining questions that you have and present you with your family’s completed plan. While planning is at the heart of what we do, it is our desire that heart be at the center of every plan we complete.

Your life, family and situation are constantly changing. We believe it is important that your Estate Plan keep up with those changes and be up to date and accurate. We offer an ongoing Family Maintenance Program.

Family Estate Planning

 

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