Completing your Enhanced Estate Plan(TM) our proprietary process (often consisting of a Will, Power of Attorney, Advanced Medical Directive and one or more Trusts), is often viewed as the end of the process.
But, smart clients and estate and asset protection planners know that there is still a bit more to do.
I can hear it now, “No! How can there be more to do? I just spent all of this time and energy, paid a lawyer money and now he tells me that there is more?”
Actually, the remaining process can and should be simple. And, a good lawyer can help you with forms, suggestions and checklists.
But, taking the extra time to organize the documents in one place (we do that for you and even provide a legal binder), to draft memos, alert your executor or trustee of certain facts, make sure that the beneficiary designations are right, and to carefully store and preserve your passwords and electronic data, can save your heirs and family time, fees, money and energy.
Indeed, properly drafted memos and instructions can also avoid family disputes and more problems.
Read my article and the related Wall Street Journal piece on proper estate planning and organization by clicking here.
For more information for executors and trustees, order our great report on the 10 Most Common Mistakes Pennsylvania Executors Make and How To Avoid Them or our series of materials on Enhanced Estate Planning.