Steps To Take Before Meeting With An Estate Planning Lawyer

If you made mistakes as a teenager that could potentially hurt your career as an adult, learn from my family's experience on how to help with that situation.

Steps To Take Before Meeting With An Estate Planning Lawyer

12 July 2023
 Categories: Law, Blog

Preparing your estate before you die is a vital task, yet many people procrastinate with their estate plans. It's easy to understand why this happens, but you should consider planning your estate before it's too late. You can prepare your estate by contacting an estate planning lawyer. You can schedule an appointment, and here are a few things to do to plan for this meeting. 

Write an inventory of your things

A good place to begin is with an inventory list. This list should contain everything you own. You might start by listing physical assets, such as your home, cars, and collectibles. Next, list every bank account you own. Don't forget to include investment accounts and retirement plans. You'll also need to list your life insurance policies and any other assets you have. The goal is to ensure everything you own is on this list. You'll use this list to create an estate plan that covers everything.

List your top concerns

You might also begin thinking about your concerns and goals. For example, what is your main reason for preparing your estate? Some people want to ensure that the right people receive their assets. Others look for ways to reduce estate taxes, and some want ways to easily transfer their items to the beneficiaries. You might want to write a list of your goals and concerns. Then you can talk to your estate lawyer about these things.

Consider your beneficiaries

Another thing to consider is your beneficiaries, who are the people who get your things when you die. Many people choose their children as their beneficiaries, but you can choose whoever you'd like. For example, if you're not married and don't have kids, you might choose your cousins, siblings, or a nephew.

Evaluate various tools

Additionally, you can research various estate tools to start thinking about what you need. For example, do you want a living will? A living will gives someone else the authority to make your medical decisions if you can't make them. You might also want a power of attorney for your finances. There are numerous tools to use, and an estate lawyer can explain them to you.

Meet with an estate planning lawyer

Meeting with an estate planning lawyer provides the information, advice, and assistance you need to begin your estate plan. Are you ready to schedule an appointment? If so, contact an estate planning lawyer to learn more.

About Me
teenage mistakes that could ruin adult careers

My son has had the goal of becoming an attorney since he was about 14 years old. Unfortunately, he made a very poor decision with a group of friends when he was 16 that put his future plans in jeopardy. When my son told me what had happened and we received the citation, I knew that we had to hire an attorney to help him through this. I could not see how a small incident such as this should hurt his chances for success when he is an adult. Thankfully, things worked out for us, but it was a long journey which you can follow on our blog.