Your Estate Planning Questions Answered Quickly

You can find loads of estate planning information on the internet.  Our own website and blog has gobs of information and we’d be happy to answer your questions during your estate planning consultation.  In the meantime, we’ll quickly answer several really common questions.  They’re on everyone’s mind.

• Do I need an estate plan?

If you are 18 or older you need an estate plan.

• Should I download my own estate planning documents from the internet?

Trying to save money and doing your own estate planning is fraught with perils.  It likely won’t work because the documents will not have attorney review or be customized to your individual situation.  Many folks liken it to trying to do your own brain surgery.

• Do I really need a will?

Do you want to control who raises your minor children if you die?  Do you want to control who gets your assets (and who doesn’t get your assets) after your death?  Do you want to control who has access to your personal financial information and settles your estate?

• Should I avoid probate?

Only if you want to save time, money, and hassle for your loved ones.  And, only if you want to keep your financial and family affairs private do you want to avoid probate.

• I did my estate planning.  Now, I’m done, right?

You need to follow through with any instructions that your estate planning attorney has provided such as funding your trust and other asset ownership guidance.  In addition, you need to update your estate plan every three to five years.  If you experience significant life changes, update sooner.

• How do I find the right estate planning attorney?

Ask your friends, family, and professional advisors such as your CPA for a referral.  If they’ve had a good experience, it is likely you will too.  Do a Google search for estate planning attorneys in your locale and check out their websites and blogs.  Do you like their manner and philosophy?