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The
Estate Planning Process: Our Philosophy
The thought of contacting an
attorney to have a Will or Trust prepared can create fear among some
people. The fear is of the unknown—unknown cost, unknown time for
completion, and unknown answers to questions which may be asked.
For these reasons and many others, a large percentage of Americans
do not have an estate plan. In fact, a recent study revealed that less than one-third of
the Americans surveyed had a Will or Trust.
At
Heritier Nance & Sheridan our first objective is to provide you with
information which will help you to begin the estate planning process. Once
you decide to begin the process we will help you to understand where you
are, where you should be, and the estate planning techniques available to
accomplish your goals and objectives. |
The estate planning process usually involves the
following steps:
1. You
complete an Estate Plan Data Form provided by our office.
2. At
the initial consultation, your Estate Plan Data Form is reviewed
and goals and objectives are discussed.
A preliminary recommendation is made.
3. Upon
receiving your approval to proceed, we will draft the appropriate
estate plan documents.
4. Completed
draft documents are delivered to you for review. When appropriate, illustrative charts and summaries are
also provided.
5. After
you review the drafts, you are asked to contact us with your questions
and comments.
6. When
appropriate, a conference will be scheduled to review the estate plan
documents before they are finalized.
7. When
you are satisfied with the drafts, final documents are prepared. You
execute the documents at our office or execute them on your own, following
our written instructions. |
Estate
Planning Fees
We are able to provide a limited initial estate
planning consultation at our office, or by phone, with no charge or
obligation to you. By the end
of the consultation, or shortly thereafter, we will provide
recommendations for the estate plan and an estimate of the cost and time
necessary to complete the estate plan.
The
cost estimate will be based upon the recommended estate plan.
If you choose an alternative estate plan, or if substantial changes
are requested by you, the actual cost may increase or decrease depending
on the nature of the changes.
Upon receiving
your consent to begin work on the estate plan, we will confirm in writing
the fee to be charged and the work to be done.
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practices in
the areas of corporate law and business planning, real estate, estate
planning, estate and trust administration, and tax planning.
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Estate Planning
Estate planning is a comprehensive process
which requires analyzing current assets, potential asset growth, proper
ownership, tax reduction techniques, and most importantly, family goals.
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