Estate Planning - What’s the Difference
Fine Tune Your PlanWe believe in a strategic approach to estate planning. We prefer to think of it as succession and legacy planning. This is what we call Personal Values-Based Estate Planning, which uses specially developed tools and techniques to help clients consider a wide array of planning options and strategies for their legal and tax advisors to consider. Assuming you are one of those who already has an intentional personal estate plan in place, but concede that it might be in need of revision, the question becomes how you begin to transform it. The whole area of estate planning is so incredibly complex that it is easy to get caught up in "analysis paralysis”. If you try to build a perfect plan in one stroke, you are very likely to never complete it at all. That is why we believe it is more productive to assume from the outset that you are likely to make several revisions over the years. Taking this approach will assure that you have the essential pieces in place while you are preparing to fine-tune your plans over time. The first step is to make sure you are clear as to exactly why you are putting a plan together and what you hope to accomplish. Then you need to review your current documents and plans to make sure you have all the fundamental issues covered right now. Before going into great depth in your personal values-based planning, it is useful to ask yourself several important values questions to determine your preparation for the here and now, your later life and your ultimate distribution. Ask yourself these questions:
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