Estate Planning Process

Step 1: INITIAL INTERVIEW

Desmond Law provides clients with a comprehensive initial consultation to learn about your estate planning desires and concerns. We’ll discuss your goals, planning options to meet those goals, and what it will take to craft your estate plan. We charge a flat fee for the estate planning process, which is dependent on the magnitude and complexity of your estate plan.

Step 2: PERSONAL ASSET INFORMATION

We always try to make information gathering as easy as possible. Desmond Law will provide you with an estate-planning questionnaire to fill out prior to the initial meeting. This will enable us to fully understand your wishes regarding your legacy, family relationships, as well as your financial goals and desires. 

Step 3: DRAFTING AN ESTATE PLAN

After our initial meeting and the decision to proceed, we’ll design and draft the various estate planning documents. Depending on the complexity of the estate, a strategy meeting may be necessary to discuss particulars of the plan.

Step 4: SIGNING MEETING
Once all of the paperwork is approved, we’ll meet for the signing of your estate plan. We’ll review the various documents, and respond to any questions you may have.

Step 5: FUNDING

If you have an estate plan that includes a trust, we’ll need to title your assets in the name of the trust. Desmond Law can facilitate transferring your assets to the trust.

 

YOUR ANNUAL REVIEW

It’s important to review your Estate Plan annually to ensure that it reflects your current wishes (for example, changes in guardians for minor children, changing trustees and beneficiaries, or changing power of attorney designees).  If you have changes to your plan, contact Desmond Law to make certain your estate-plan continues to meet your needs and desires.

ADMINISTRATION OF THE ESTATE

Administration of the estate should be handled by an experienced estate planning attorney. If a loved one has passed away, contact Desmond Law to help guide you through the complex legal steps necessary to creating a proper estate-plan.

 

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