Again, the initial consultation is held at no charge. If you have not taken the one or two hours necessary to prepare for the initial consultation (see Prepare for the Initial Consultation), including filling out specific forms, you will need to do so in our offices, or we will need to reschedule. We will review your completed forms before the initial consultation. The initial consultation involves the following steps and lasts about one hour.
1. The first thing we do is ask you the following questions:
A. What are your general concerns and desires in distributing your assets to your beneficiaries?
B. How much time can you commit to doing your planning right? (See Prepare for the Initial Consultation.)
C. How do you want to learn about estate planning? (See Prepare for the Initial Consultation.)
D. To what extent can your family be involved in your estate planning now? (See Family Involvement.)
2. Second, we discuss costs in the broadest terms. Having studied the section on costs, you will be prepared and unsurprised regarding the range of fees you may pay, and you will be prepared to discuss ways to reduce the fees. The costs for Fundamental Estate Planning are divided into three categories of work:
We give you a range of total costs you may expect to pay for these categories of work. This range may be very broad (for example, $1,500 - $3,000). The more educated you are before we first meet, the more you will know what you need, and therefore the more precise and narrow we can be in determining the range of total costs for all three categories of work (for example, $2,200 - $2,500).
3. With these preliminary discussions behind us, and after generally agreeing to the broad range of fees, we then schedule our first education session or our first customized consultation. We give you specific homework that needs to be completed prior to our first customized consultation:
- Gather documentation of your assets.
- Other homework as determined in the Initial Consultation.
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