GOT QUESTIONS ABOUT ESTATE PLANNING? OF COURSE YOU DO! AND THE FIRST IS USUALLY WHAT DOES IT COST? BUT THAT’S THE EXACT WRONG WAY TO THINK ABOUT IT.
We see the results first-hand, when it’s too late after a loved one becomes incapacitated or dies with a failed plan due to cheap planning that was purchased based on price.
So we created this handy dandy guide to help you take the next right steps – eyes wide open – so you can make the right decisions for yourself, and your family.
Here are the 5 Ways a $1500 (Or Less) Estate Plan Could Fail Your Family and Leave a Big Mess:
1. BEGIN WITH THE END: WHY ARE YOU REALLY DOING ESTATE PLANNING?
It’s for the people you love.
The truth is that when you need your estate planning to work, you’re not the one who is handling things at that point.
It’s the people you love who will be handling everything, and they really need you to have done your part now.
Yes, it makes it more likely that your wishes are honored, and your assets aren’t lost, and that you are cared for the way you would want … and you also may not even know what’s going on. But, they will.
And, they deserve to be supported by a trusted advisor you chose now, and who guided you throughout your life.
2. ONE-AND-DONE PLANNING (WITH HOURLY ADDITIONAL FEE UPDATES) ISN’T SUFFICIENT
Your life is going to change. Your assets are going to change.
If you need to pay a fee for an advice call every time something changes in your life, it’s our experience that you don’t call.
That means we get the call from your loved ones — after it’s too late to fix anything — and they need us to help them with a broken plan that ends up far more expensive than if it had been well-maintained over time.
Estate planning isn’t “done” when you sign your documents. It’s when you are just getting started.
3. FORMS AND DOCUMENTS GET OUT OF DATE
The law is going to change too.
Not only does your life and assets change, but so does the law.
We are in the midst of great economic upheaval, and the way the government manages it is with legal changes.
It’s why the IRS code is 75,000 pages when you include regulations and IRS guidance.
We can barely keep up with it ourselves, but we track what’s most important so you don’t have to …
4. YOU GET WHAT YOU PAY FOR
Automation is great (we use it for max efficiency), but your family is unique and needs a human, not a bot.
Yes, bots are far cheaper. We use them too, but not to remove the human element that you and your family want, need and deserve.
When you use a firm that is all automated and doesn’t have systems in place to make time for you to receive the human, heart-centered experience that planning for what matters most should have, you don’t end up with a plan that takes into account your heart and humanity the way it should.
You can have a both/and here … an affordable plan within your budget, and the heart-centered human experience you and your family want.
It’s why we start all of our planning with a Family Wealth Planning Session where we look at your assets, your family dynamics, and educate you on the law, so you can choose the right plan for yourself and the people you love.
5. A SET OF DOCUMENTS IS JUST THE BEGINNING
We think the documents should be free. In today’s day and age, producing documents isn’t the hard part of estate planning. We use technology, not typewriters and triplicate carbon copies.
The hard part about estate planning — which we make easy with our heart-centered, education and counseling based approach – is ensuring you understand the decisions that go into the documents, make wise decisions, and that those decisions get revisited over time, as your life changes.
The harder part about estate planning is making sure your assets stay up to date within your planning, so that when something happens your assets aren’t lost.
The hardest part about estate planning is making sure you actually get a plan in place that will work for you and your family, when they need it, and that won’t get stale, outdated or become meaningless when it matters.
Hsiao Law has all that covered for you.
WHY CHOOSE HSIAO LAW?
We’ve got the heart you need to make great decisions, and the systems you need to make them easily and ensure they stay up to date throughout your life, PLUS we’re part of the Personal Family Lawyer firm network with …
- 20+ years, 10s of 1000s of completed plans across the network
- Trusted as the go to lawyer in our community
- Flat-fee, everything agreed to in advance, no surprises – ever – pricing
- Will + Trust Options to provide long-term asset protection and the guidance to know if you need it
- Strategic counsel and guidance with a heart-centered process
- Free 15-minute call to make sure you like us, and that your family will love us
CALL US TODAY
For your FREE 15-minute call to discuss your Estate Planning needs.
Proper estate planning can keep your family out of conflict, out of court, and out of the public eye. If you’re ready to create a comprehensive estate plan, contact us to schedule your Planning Session. Even if you already have a plan in place, we will review it and help you bring it up to date to avoid heartache for your family. Schedule online today.
Want to know more about why you need an Estate Plan? Read: Here’s Why You Need an Estate Plan