Sometimes you make a video that is a must-watch – this is one of those. It is worth the time and investment. Make a cup of coffee or tea, find a comfortable chair, and take the time to listen to a conversation that could have a significant impact on how you go about protecting those people and things you love. There are so many facets and nuances to estate planning.
In this video, we unravel a process that could help you, your spouse, your family, and future generations be better prepared for unforeseen circumstances and life events. The process includes the following:
𝟏. 𝐇𝐨𝐰 𝐚𝐫𝐞 𝐦𝐲 𝐭𝐡𝐢𝐧𝐠𝐬 𝐦𝐚𝐧𝐚𝐠𝐞𝐝 𝐚𝐟𝐭𝐞𝐫 𝐈’𝐦 𝐠𝐨𝐧𝐞
✅ Understanding my financial projections and reports
✅ What do I have today and what will I have in the future
✅ What is the best way to leave my heir’s assets? How much is too much?
✅ What kind of family issues or dynamics might surface if not prepared correctly?
𝟐. 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐚𝐠𝐞𝐧𝐝𝐚 𝐚𝐧𝐝 𝐰𝐢𝐬𝐡𝐞𝐬
✅ What would you like to happen with your assets, home, and valuable items?
✅ Who receives what? Why? When? How?
𝟑. 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐭𝐡𝐞 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥𝐢𝐭𝐲 𝐨𝐟 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐭𝐫𝐲𝐢𝐧𝐠 𝐭𝐨 𝐚𝐜𝐜𝐨𝐦𝐩𝐥𝐢𝐬𝐡
✅ Are there better or more strategic ways to help you accomplish your wishes?
✅ Understanding your family dynamic and personalities of your heirs or dependents
✅ How could we protect your heirs from themselves (if necessary)?
𝟒. 𝐌𝐞𝐞𝐭 𝐰𝐢𝐭𝐡 𝐚𝐭𝐭𝐨𝐫𝐧𝐞𝐲
✅ Once we’ve done the prep work, we now have an attorney help draft and prepare appropriate documents
✅ Coordination with your attorney to ensure work is completed and accurate
✅ This prep work process helps save you money in the long run
𝟓. 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐧𝐞𝐫
✅ Your financial planner will reassess your estate plan every few years or as life changes in order to ensure your plan is appropriately updated
✅ There are practical ways to update your wishes without having to go see an attorney and racking up planning costs
𝐄𝐬𝐭𝐚𝐭𝐞 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐢𝐬 𝐚 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 – 𝐲𝐨𝐮 𝐝𝐨 𝐧𝐨𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐜𝐮𝐭 𝐜𝐨𝐫𝐧𝐞𝐫𝐬 – 𝐢𝐭 𝐜𝐨𝐮𝐥𝐝 𝐛𝐞 𝐯𝐞𝐫𝐲 𝐜𝐨𝐬𝐭𝐥𝐲.
𝑇ℎ𝑖𝑠 𝑣𝑖𝑑𝑒𝑜 𝑖𝑠 𝑖𝑛𝑡𝑒𝑛𝑑𝑒𝑑 𝑓𝑜𝑟 𝑒𝑑𝑢𝑐𝑎𝑡𝑖𝑜𝑛𝑎𝑙 𝑝𝑢𝑟𝑝𝑜𝑠𝑒𝑠 𝑜𝑛𝑙𝑦 𝑎𝑛𝑑 𝑠ℎ𝑜𝑢𝑙𝑑 𝑛𝑜𝑡 𝑏𝑒 𝑐𝑜𝑛𝑠𝑖𝑑𝑒𝑟𝑒𝑑 𝑙𝑒𝑔𝑎𝑙 𝑜𝑟 𝑡𝑎𝑥 𝑎𝑑𝑣𝑖𝑐𝑒. 𝑌𝑜𝑢 𝑠ℎ𝑜𝑢𝑙𝑑 𝑐𝑜𝑛𝑠𝑢𝑙𝑡 𝑎 𝑝𝑟𝑜𝑓𝑒𝑠𝑠𝑖𝑜𝑛𝑎𝑙 𝑏𝑒𝑓𝑜𝑟𝑒 𝑡𝑎𝑘𝑖𝑛𝑔 𝑎𝑛𝑦 𝑎𝑐𝑡𝑖𝑜𝑛.