How to prepare for your first estate planning Appointment?

How to prepare for your first estate planning Appointment?

Share This Post

Why is estate planning important?

The process of setting up the transfer of assets before death is known as estate planning. An estate plan tries to retain the most wealth and flexibility for the individual before death or in an incapacitated state for the chosen beneficiaries. Four documents make up a conventional estate plan area will, revocable trust, medical proxy, and power of attorney. So then, how can you prepare for your first estate planning appointment? Soon we will discuss everything.  

While the will and revocable trust govern what happens to your possessions after your passing, the medical proxy and power of attorney are intended to be used while you are still alive. Making a will alone is only one aspect of estate preparation. It sets up your financial and business affairs, so they go according to plan after your passing or in certain situations, even while you’re still living.

Regardless of age or money, everyone should consider estate planning. Estate planning guarantees that assets are preserved as desired while avoiding taxes and legal complications. In addition, an estate plan names the appropriate individuals to care for your children and yourself in case of incapacitation.

Preparation for your first estate planning appointment?

To prepare for your first estate planning appointment, you must confront your mortality, which is not an easy task. The first step is admitting that it’s time to organize your affairs; the second is contacting an estate planning attorney to draft your documentation. The following actions can help you complete the estate planning procedure as quickly, painlessly, and smoothly as possible:

Gathering required documents –

Even though your attorney doesn’t need to have all of your asset papers at your initial consultation, giving them the following right away will make the process go much more quickly since 55% of this process is verification of documents and gathering all required documents may take a lot of time if not arranged prior. Here are some of the most important documents that one asks for : 

  • Insurance contracts, particularly life and disability insurance
  • Statements covering all financial accounts, including investments, retirement accounts, and savings
  • Titles, deeds, and other legal documents attesting to the ownership of assets
  • Statements of financial position for any unpaid loans

Bring your questions

Most clients have not encountered circumstances that would have made them familiar with estate planning ideas. There should not be any embarrassment if you don’t know a trust, how it operates, who is in control, etc. Contrary to popular belief, a will does not eliminate the need for probate; rather, it only directs it. A competent lawyer is aware that no question is insignificant. Always remember the more you ask, the more your attorney gets to know about your situation; you’ll also better understand how estate planning works and can make better decisions with the assistance of your attorney.

Background check –

You should learn more about your lawyer’s qualifications and experience. Carefully consider the prospective attorney’s educational background and professional experience. You need a lawyer with experience with estate planning and the back end of estate administration, including both probate and trust management. Before your initial consultation, learn as much as you can about your lawyer.

Be sure to ask them how much of their practice relates to estate planning, how long they’ve been doing it, and other pertinent questions. A professional and knowledgeable estate planning lawyer should be able to respond clearly to your inquiries and present several solutions for your consideration.

Evaluation of the cost and making a wise decision –

Learn the ranges of costs that other attorneys in the field of estate planning charge. You might feel more certain that your attorney’s costs are fair and reasonable if you know what other attorneys charge for estate planning. Making sure that you are comparing fees is crucial(like vegetables from different grocery stores have different prices), though.

It is not fair to compare the prices of two attorneys for the same trust and a few collateral documents (powers of attorney, healthcare directives, and wills) with those of two additional attorneys for full asset retitling documents for $1,800–2,000. Therefore, be sure to comprehend what is included and what is not included in any rough estimate you receive.

Try to attend the appointment properly –

Nobody indeed likes to talk about their death. Yet delaying matters in this branch of the law has never been advantageous to anyone. So give your lawyer what you have so they can help you with the rest, even if you haven’t chosen your trustees and beneficiaries yet.

Remember that your attorney will have an easier time creating an appropriate estate plan quickly the more organized you are. It shouldn’t take a few weeks for your estate planning attorney to complete and ready forms for signatures. If you give them all your information on Day One and follow the procedure, they lay it out for you.


With enough evaluation, background checks, and thinking with an open mind, one can easily prepare for their appointment and make the overall estate planning even more effective.

More To Explore

Subscribe to our Newsletter