ESTATE PLANNING TEAM

Assembling a team of capable professionals is an important early step. For instance, an attorney should draft your estate planning documents. However before that process can start your financial advisor and accountant should be consulted concerning the nature and extent of your assets. A tax professional will often assist with identifying potential tax obligations.

Your financial advisors are integral members of your estate planning team. A Life insurance representative is often needed to advise on liquidity alternatives. Health Insurance experts are often consulted to identify gaps In coverage.

Long term Care planners are often required to help set cash reserves for anticipated problems.

Advantages of a Team:   The numerous advantages are to extensive to list, its like building a house. One person just can't do it all.

Disadvantages:  Your conversation with or in the presence of anyone other than your attorney may not be confidential. You may want to check with an attorney in private on this point before you begin the estate planning process with anyone other than your own attorney.