An initial consultation with an estate planning attorney gives you insight into how you can protect and distribute assets after passing away. While this process may involve questions and challenges you’ve never considered, getting ready for the meeting and gathering the necessary paperwork makes the process easier. Here are several strategies to follow before the appointment.

What Should You Do When Meeting With an Estate Planning Attorney?

1. Consider Guardianship

Part of an estate plan involves creating a will that lets you decide on different aspects. One part of this allows you to nominate a guardian to care for your children if they are still minors. While many people choose family members to serve as guardians, you can also select a close friend who shares your values and would fill the role better. Discussing your options with your spouse and the potential guardians before meeting with an attorney streamlines the process.

2. Gather Financial Documents

To provide the best advice possible, an estate planning attorney needs a comprehensive overview of your financial situation. Before the meeting, get copies of deeds to any property you own, including houses and vehicles. Also, bring your most recent statements from investment, checking, and savings accounts, as well as any paperwork relating to a business that you own.

3. Decide on Executors

The executor is the individual who carries out the instructions in the will. This position requires careful organization, planning, and discretion, so choose a responsible individual who can meet deadlines. Many estate planning attorneys recommend nominating a younger executor who is more likely to survive you, as this helps you avoid having to choose a backup.

4. Choose Your Powers of Attorney

Powers of attorney give someone you trust the right to act on your behalf if you’re incapacitated or mentally incapable. Without these documents, your spouse cannot sell property if the asset is jointly owned, and business partners cannot sign contracts if they need your approval.

The responsibilities assigned by a power of attorney may be as broad or as narrowly tailored as you like. An estate plan should include a medical power of attorney, giving someone the ability to make health care decisions for you, as well as a financial power of attorney.

5. List Your Personal Property

The will should also detail any important belongings, including collectibles and works of art, and who should receive them after you pass away. Prepare a list of important assets, including items of sentimental value you’d like to leave to specific people. Making these decisions in advance lets your attorney quickly create a will that reflects your wishes.

Since 1893, the The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer has provided personalized service to families throughout Wahoo and eastern Nebraska. They consistently provide a high level of service that has earned them an AV® Preeminent™ rating from Martindale-Hubbell, the highest rating a law firm can achieve. Visit the website to learn more about their services. Call (402) 443-3225 to schedule a consultation.