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Home / Estate Planning / How Does the Estate Planning Process Work? (part 1 of 2)

How Does the Estate Planning Process Work? (part 1 of 2)

September 1, 2011 by Audra Bailey Wilcox Leave a Comment

During the estate planning process, you will find that it takes some concentrated effort to create a plan that meets your individual goals.  If you’re just starting to think about these goals, you may have questions about how the estate planning process works. We’ve taken the time to outline the process, below.  If you have any questions, or if you’re ready to begin talking about your estate planning goals, contact a qualified estate planning attorney.

 

  • Analyze your estate planning needs.

 

In order to begin the process, you will first need to identify your individual needs.  You can do this by taking a look at your current life.  Do you want to always provide for your family? Are you looking to protect your minor children?  Do you have a lot of assets that you want to carefully protect and distribute?  Taking the time to think about your needs will allow you have a plan that fits in with your life and your goals.

 

  • Hire a qualified estate planning attorney.

 

Estate planning is not something that should be guessed or tested. Instead, you should work with a professional so that you have the best plan possible that is legally valid.  It’s important to choose an experienced and reputable attorney. You also want to make sure that you and your attorney get along well and are able to communicate.  With your attorney’s help, you will be able to better understand the entire planning process and will be able to have an effective and error-free plan that meets your needs.

 

Take a look at the next blog post (part 2 of 2) to review additional steps in the estate planning process.  Carefully planning your estate will allow you to get better results.

  • Author
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Audra Bailey Wilcox
Audra Bailey Wilcox
Attorney at Sexton, Bailey Attorneys, PA
Audra Bailey Wilcox
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