by href=?http://www.flickr.com/photos/22087304@N07/6363330457?> Legacy & Estate Planning Allows clients to address their values, finances and legacy planning progress. For most professionals and entrepreneurs the importance of proper estate planning need not be stressed. When you hear the term accumulate estate, it refers to everything that you have worked hard to. Your home, real estate, bank accounts, stocks, bonds, mutual funds, cars, life insurance, business interests, artwork and jewelry. Without proper planning and based on the total amount of assets you own that there could be a hefty tax bill to upwards of 55%. Additionally, your beneficiaries may also be delayed and inconvenienced with all of the requirements in settling your estate.
When you arrive at the important decision to hire an estate planner you want the best for your family. You will have to consider if you want a traditional estate planner who only Focuses on the hard numbers and physical assets or would you prefer a holistic counselor who then Incorporates legacy development and planning into the process. Conscientious adults make an effort to bank with the best, invest with the best and associate with the best. When seeking to hire a planner the qualities you need to look for include the following. TrustworthinessThe sensitivity of your personal financial matters dictates that you need to have a high level of trust in the counselor who assists you with planning. Most of high net worth individuals utilize a team approach that includes their accountant, their financial advisor and estate planning attorney. Each of these professionals are competent and knowledgeable Typically and have earned the clients trust over time and through reputation. The importance of using the team is that most already have these separate advisors in place, in order to keep an orderly ship, communication and collaboration is stressed that Sun can not be working all goals Simultaneously toward similar objectives. A separate approach often leads to undesired Inefficiencies. Professionalism
You should hire an estate planning lawyer professional that is highly. Your estate planning lawyer should be a recognized leader in his or her field and hold a special Typically certification or advanced legal degree. In many instances your estate planning lawyer will be standing in your shoes as a professional representative of your interests and affairs. It is important that investigation of important representative properly represent your family?s precious resources and goodwill. If you have a complicated situation or lots of assets, choose someone experienced with complex situations and issues they will always be a Sun shining reflection of your initial decision to hire them in the first place. Ethics
Since estate planning will deal with all or most of your assets, you should hire an estate planning lawyer that is reliable and ethical. This fact can be checked by asking the lawyer if anyone has ever filed a complaint against them in the past. Most will answer honestly, but it is a question of ethics so one should always stay alert. An estate planning lawyer should consider ethical all of your needs and best interests above everything else. An ethical planner will always sound and Provide legal advice and never recommend faddish or illegal scams to save or hide money. Commitment
Commitment to a high standard of quality is a good characteristic in an estate planning attorney. Your planner should Provide a warm and courteous environment that fosters a sense of security and accomplishment. Attention to the smallest detail in every last issue in addressing your estate and legacy planning process is the trademark of institutional planning and excellent. Your planner is willing to stay until the job is complete and will not have problems working with your investment advisor, accountant and insurance professional. In the most productive relationships your planner is a multi-generational partners who will work with you side-by-side through a process that at times can be long and arduous, but is made simple and enjoyable due to their enthusiasm and pride in their work .
When you take the time to consider the long term implications of preparing a solid plan the question of who will prepare my schedule becomes far more important. Utilize these tips and you should find a rewarding and securing planning experience just around the corner.
id=?article-resource?> Donald L. West, Jr., JD, CLTPAssoc. Dir of Education / Chartered Trust & Legacy Planner
The American Institute of Legacy & Estate Planning
dlw @ Legacy -Institute.org href=?http://www.Legacy-Institute.org?> http://www.Legacy-Institute.org
949-419-5154
About the Author: Don West, Jr. counsels families, individuals and entities on the principles of generational legacy and wealth transfer as the Associate Director of Education at The American Institute of Legacy & Estate Planning. Don Utilizes a planning philosophy of teaching ?Healthy & Sustained Multi-Generational Family Prosperity? focused on decreasing Generativity ? guiding the next generation and building strong Families of Affinity . Don is the creator of ?The Legacy Pyramid? and teaches that . ?Every Life Is A Legacy?
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