Transfer Work is divided into two broad steps.
1. You determine the best way your assets should be owned or beneficially designated. There are numerous legal and tax implications associated with changing ownership or beneficiary designation forms. We discuss these issues with you during our specific, customized consultations.
2. Once these decisions have been made, then comes the actual transfer work: securing change of ownership and change of beneficiary documents, filling out the documents, and ensuring that entities receive the documents and record the changes.
We have done extensive transfer work in our office. (We have transferred several hundred million dollars worth of every conceivable asset into clients’ trusts). We are happy to do your transfer work. We do charge for the work.
While we can do your transfer work, we suggest that you do this work yourself–for one simple reason. By doing your own transfer work, you learn how to manage your estate planning much better than if we do the work for you.
If you decide to do your transfer work yourself, we will not leave you helpless. We will have a meeting devoted to teaching you the basics of how to (1) secure all change of ownership and change of beneficiary documentation and (2) fill out the documents. Once the documents are penciled in, we invite you to let us briefly review the documents before you ink them and send them off.
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