Preparation is required to do things right. In regard to Fundamental Estate Planning , your preparation for the initial consultation includes making the following three decisions.
Decide How Much Time You Can Take to Do Things Right
Before proceeding, decide whether you are you willing to take the time to
- become educated about estate planning,
- ask questions during our Customized Consultation Work,
- help with Document Work by studying your legal documents,
- teach your beneficiaries and fiduciaries,
- do post-document Transfer Work, and
- manage your plan in the future.
Depending on your circumstances, your time commitment in doing your estate planning right will be a minimum of 5 to 6 hours and may be as many as 20-25 hours. Are you willing to take this amount of time to do things right?
Decide How You Will Learn About Estate Planning
To ensure your estate plan will actually work, you (and your fiduciaries and beneficiaries) must know the basics of estate planning law. Otherwise your plan will likely fail. You need to decide how to become educated and how to educate your beneficiaries and fiduciaries. You have two options:
- Have us educate you during our customized consultations. This option is enjoyable and interactive, as we answer your specific questions in clear, understandable terms. These one-on-one educational sessions may take two hours or several hours, depending on your circumstances. You may record the sessions. The sessions may also be conducted by email, as you pose questions and we answer in written responses. We charge for our time educating you, but for many these personal tutoring sessions are the best way to learn the important concepts of estate planning.
- Take advantage of our education materials to educate yourself. The most cost-effective way to educate yourself is to purchase our video "Estate Planning Essentials DVD." The video contains numerous specific lessons, with graphics, charts, and examples, teaching you every major aspect of estate planning. This option allows you to take your time in the comfort of your home to listen and relisten to critical concepts. This method of learning is ideal for people who are on a budget or who want to stop and ponder what is being taught.
These options can also be combined.
Decide How Much to Involve Your Family.
How much do you want to involve your family? Arguably, the most critical decision you will make is how much to involve your family in your estate planning. The decision involves some thinking and reflection. How much do you want to involve your family? Please read the notes found here under Family Involvement.
Finally, in preparation for the initial consultation, we ask you to
- Study the section on the home page titled "Costs."
- Study this section titled "The Process."
- Complete three forms we provide online or by email when you call: (a) "Your Thoughts"; (b) "Contact and Family Information"; and (c) Asset List.
Once you make these decisions and complete this homework, we are all ready to participate in the initial consultation.
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