An initial estate planning meeting you will be required to provide a range of information to the planning professional. Our skilled estate planning solicitors will ask questions to understand your family situation, financial situation, and any specific wishes you have for the distribution of your assets. Whilst we will guide you through the process to make it as manageable and understandable as possible, there are things you can do to prepare for your meeting so that it runs smoothly.
Here are some steps you can take to prepare for our initial estate planning meeting:
- compile a list of your assets and liabilities, including their approximate values and ownership (eg- whether jointly held or held by a company or trust);
- contact your superannuation fund to confirm whether you have made a binding death benefit nomination (if so- whether it is lapsing or non-lapsing);
- consider who you trust to handle your affairs and act as your executor (under Will) and attorney (under power of attorney);
- compile a list of people mentioned in your Will (ensuring correct spelling of legal name) and their contact details (address, phone number, email);
- consider your family dynamics and discuss this with us (such as estranged family members, blended families, any potential for conflict between family members);
- identify your goals and objectives (for example: who is to benefit from your estate, who will be the guardian of your children);
- make a list of any questions or concerns to discuss during your meeting.
Here at The Small Business Lawyer, we offer a competitive fixed service to draft your estate planning documents (Will, Enduring Power of Attorney, company Power of Attorney, Advance Health Directive). If you would like to discuss your estate planning, please contact our office to arrange a consultation. Our initial consultation may be held in person or via Zoom.