Key Takeaways | How to Prepare for Your Initial Estate Planning Consultation
Preparation is key to a successful estate planning consultation.
Understanding your goals helps tailor your estate plan.
Bring necessary documents to your initial meeting.
Consider who you trust for financial and healthcare decisions.
Discuss guardianship for minor children ahead of time.
Trusts can help avoid probate and provide flexibility.
Asset protection is important for heirs with special needs.
Flat fees for services provide clarity on costs.
Planning for incapacity is crucial for peace of mind.
Workshops can enhance your understanding of estate planning.
Episode Notes:
In this episode, Bill Miller discusses the essential steps to prepare for an estate planning consultation. He emphasizes the importance of preparation, outlining key considerations and a checklist of documents to bring.
The conversation also covers the decisions individuals should contemplate before their meeting, the costs associated with different planning levels, and the resources available for further learning.
Notable Moments:
(00:00) Introduction to Estate Planning
(03:44) Key Considerations for Estate Planning
(10:33) Checklist for Your Initial Meeting
(12:10) What to Expect at Your Initial Estate Planning Meeting
(13:20) Decisions to Consider Before Meeting
(17:16) Understanding Costs and Planning Levels