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Offered by Dolan & Associates, P.C.

The typical estate planning in the United States is a simple transaction in which the client goes to the attorney, shares a small bit of information with them, returns a week or two later to sign a pile of documents, takes those documents and puts them in their safe deposit box, and may possibly never look at them again. Is this an estate plan? Or, is this simply buying a set of instructions that may or may not be appropriate for your family at some future date and time?

Effective estate planning is not an event. It is a process!

If you would like your estate plan to produce results upon your disability and death, you need to undertake a process through which you carefully craft instructions, align your assets with the plan, and regularly adjust and maintain the plan. Simply buying a will or trust is like going to your financial advisor, choosing specific investments and then never looking at them again. That would not be wise.

If you are considering doing estate planning, carefully look at the attorney’s process for maintaining the plan over time. What is their formal process for keeping the documentation up-to-date regarding legal changes; assuring your personal changes are added to the plan; making sure that your current and future assets stay properly aligned with your instructions; and helping prepare you and your family for the transitions that will come upon disability and death? These are the things that will make matters go smoothly for your family and assure that your goals and objectives are met upon your disability and death.

If you would like additional educational information regarding how to develop an estate plan that works effectively for you and your family, please take advantage of one of our complementary workshops.

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Dolan & Associates