- Set Goals
It’s hard to know exactly what you want to accomplish when creating your first estate plan, but you’ll feel better about the direction you’re heading once you set some short and long-term goals.
For example, your first goal may be to simply answer key estate planning questions such as:
- Who do you want to inherit your estate upon your death?
- Who’s the best person to name as the guardian of your children?
- Do you want to create a will and/or trust?
- Collect the Necessary Information
Before you get too deep into the process, collect any information you need to create a comprehensive estate plan. This can include but is not limited to any estate planning measures you’ve taken in the past, titles and property deeds, financial statements, and life insurance policies.
It’s best to collect all the necessary information upfront so that you have what you need as you get started. This makes for a more efficient process.
- Contact an Estate Planning Attorney
DIY estate planning sounds simple enough, but it’s a time-consuming process that greatly increases the risk of making a mistake. It’s best to contact an estate planning attorney before you do anything. Here’s why:
- They know the ins and outs of the law
- They can answer your questions and provide guidance based on your goals
- They can help prevent common mistakes that have plagued others
- They will become familiar with your situation, making it easier for them to assist you in the future
Once you consult with an estate planning attorney, you’ll soon realize that it was the right decision.
For assistance with all things related to estate planning in 2022, visit the website for The Law Office of Michael Robinson, P.C. at https://www.mrobinsonlaw.com/or by calling our office at (585) 374-5210. We’ll provide the guidance you