Steps in the Estate Planning Process
- Request information packet
- Return estate planning questionnaire
- Time for initial client conference set
- Initial client conference to discuss:
- minimizing federal estate taxes
- decision as to types of estate planning documents neede
- information necessary to complete drafts of documents
- immediate plans, if any, for vacation (or hospital visit)
- Payment of ½ of estate planning fee
- Client requests change of beneficiary forms for insurance and retirement plans
- Documents drafted (MINIMUM of 3 week time-frame)
- When you are ready to complete the process, PLEASE CALL TO SCHEDULE YOUR FOLLOW-UP APPOINTMENT
- Follow-up appointment, to include:
- explanation of provisions of documents
- careful review of document
- changes made to documents
- oversight of execution of documents
- discussion of where to keep originals
- advice regarding asset titling to effectuate estate plan
- payment of final ½ of fee
- Questions answered concerning financial institutions’ requirements for re-titling assets and beneficiary changes
- Review your documents at least as often as every five years