Estate Planning Meeting: What You Should Know

Help estate planning attorney

An estate planning meeting may seem daunting, but being helpful with family finances, facts, and documents will go a long way to ensure that your legacy is protected. In the beginning, many people are a bit intimidated by the thought of creating an estate plan. These folks may think they’re too young to plan or they have questions about what records to bring, documents needed, and beneficiary information. Our attorney, Justin Stivers, explains the details below.

How to Help Your Estate Planning Attorney

  • Be honest and forthcoming.  Many of the issues that must be discussed in an estate plan are extremely sensitive and extremely personal. Your estate planning attorney understands and respects this; however, your attorney cannot fully protect you and your interests if you fail to disclose all the necessary facts and information. Keep in mind that anything you tell your attorney will remain confidential because your attorney is ethically bound to keep it confidential.
  • Keep records organized and up to date.  Much of estate planning involves detailed financial records and other important records. Keeping those records organized and current will greatly help your attorney.
  • Report changes as soon as possible.  When you decide to change something in your estate plan, do not put off discussing the change with your attorney because life can be unpredictable.
  • Schedule routine reviews.  Your estate plan is not something that you create and then forget about from that point forward. On the contrary, an estate plan should be reviewed and revised on a regular basis during a planned estate planning meeting. Prior to reaching retirement age, a good rule of thumb is to schedule a routine review every three to five years.
  • Recognize the need for an immediate review and revision.  Although a routine review is important, it can be even more important to recognize when an immediate review and revision may be necessary because of a life event. If you decide to get divorced, for example, you should not wait until your next routine review to make changes to your outdated estate plan. Contact your estate planning attorney right away to schedule an appointment to update your plan.
  • Heed advice.  Few things are more frustrating for an attorney than to give a client excellent advice and have the client completely ignore it. If you have an issue with your attorney’s advice, speak up and discuss it, but do not completely ignore it.
  • Choose fiduciaries wisely.  There is an exceptionally good chance that your estate planning attorney will be working with one, or more, of your fiduciaries at some point. Your Executor, for example, may retain your attorney to help probate your estate. Choose those fiduciaries wisely, preferably with the assistance of your estate planning attorney.
  • Discuss your plan with loved ones.  This is, of course, a very personal decision; however, if anything in your plan is likely to be controversial, or to cause conflict, it will make everyone’s life much easier if you discuss it with them now, while you are here to do so.
  • Avoid surprises.  This goes along with number one.  Keep in mind that your estate planning meeting won’t be successful and your attorney cannot protect you unless he/she knows everything. Keeping assets hidden, for example, may seem like a good idea; however, it could come back to bite you down the road if it turns out that your attorney could have protected that asset legally if only you had not kept it a secret.
  • Nurture the relationship.  An estate planning appointment is a highly personal endeavor, and a lifelong one as well.  The better your relationship is with your estate planning attorney, the better your wishes and needs are likely to be reflected accurately in your estate plan. Sticking with one estate planning attorney throughout your lifetime, therefore, only makes sense.

Contact Our Coral Gables Estate Planning Attorney

For more information, please join us for an on-demand webinar presented by our estate planning attorney Justin Stivers. If you have additional questions or concerns about the estate planning process, please reach out to us by phone by calling (305) 456-3255 or use our contact page to get your questions answered.

Author Bio

Justin Stivers is the founder and managing attorney of Stivers Law, an estate planning firm specializing in wills, probate, trust administration, and financial risk management services. Justin’s approach goes beyond just creating legal documents. From aligning investments with estate plans to ensuring comprehensive insurance coverage, he safeguards a client’s legacy from unforeseen circumstances. His commitment extends beyond individual transactions, fostering lifelong partnerships to provide ongoing support and guidance.

With an impressive track record, Justin is licensed by the Florida and the Tennessee State Bars. His professional portfolio boasts Series 65 registration as a Registered Investment Advisor, the Wealth Management Specialist™ designation, and a 2-15 License for Health, Life, and Annuities. His dedication to excellence has earned him positions like Board Member of the Estate Planning Council of Greater Miami, Business Eagle Member of the Florida Justice Association, and active membership in esteemed organizations like the American Academy of Estate Planning Attorneys.

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