These are the 10 things you should ask before engaging an estate planning lawyer to help you plan for the well‐being of your money, your family and your life.
- Do you prepare a comprehensive plan for my kids’ care if something happens to me, like the Kids Protection Plan™ that names short and long‐term guardians and gives specific instructions to all of the guardians and my caregivers? What about an ID card for my wallet listing the short‐term guardians with their contact information?
- Are all of your fees flat fees? What about for ongoing work after the initial completion of my estate plan documents? What happens when I call with legal questions 2 years after my planning documents were completed? What if the questions are about something other than my estate plan?
- Do you have a whole team in place or is it just you? What happens if something happens to you or you retire?
- What happens if I need to get a quick question answered and you are not available?
- Do you make sure my assets are titled in the right way? How?
- What happens when things change in my life? Do you notify me about changes in the law? How often do you communicate with me?
- Does my planning fee include a regular review of my plan? What if I want to make changes to my plan?
- Do you have a process for helping me capture and pass on my intangible wealth, such as my intellectual, spiritual and human assets or who I am and what’s important to me?
- Can you structure my estate plan so that whatever I leave to my kids will be protected from a lawsuit against them or if they are divorced in the future? How often do you build that kind of planning into client’s plans?
- Can you help me make smart choices about things like buying insurance, saving for college, and retirement planning?
Knowing the answers to these questions before you engage an estate planning lawyer will ensure you put in place an estate plan for your family that will really work when your family needs it and won’t end up just a pile of worthless paper after you are gone.