The Three Step Strategy to Estate Planning

Results are important, not just the documents. For proper estate planning it is important to have clear, comprehensive, customized instructions for your own care and that of your loved ones.  Your instructions can be included in a will, a trust, and in several other related documents.  Most of our clients are best served with a combination of these tools, backed up by the Three Step Strategy™.

1. Prepare your Estate Plan with Counseling Professionals

Don’t just do the documents. A great deal of estate planning in this country is simply word processing. Simple word processing won’t always work.  It is best to rely on a licensed professional to help you prepare your estate plan.  Their value is in their counsel and advice, based on knowledge, wisdom, and experience. If you want an estate plan that works, seek good counseling from an attorney who is willing to work closely with other professionals such as your financial advisor, banker or accountant.

2. Education, Maintenance and Updating of the Estate Plan

There is constant change in your personal, family, and financial situation. There are constant changes in both tax laws and non-tax laws that impact your estate plan. Your attorney’s level of expertise changes over the course of time.  The Three Step Strategy includes a program to maintain and update your Estate Plan.  An education program is provided to make sure your family knows what to do when you are disabled or die.

3. Professional Assistance to Transfer your Estate and Wisdom

Transferring your wealth to the next generation is one thing.  Transferring your assets in an orderly and efficient manner is another. What about your wisdom.  A good estate plan will transfer your wealth and wisdom in an orderly and efficient manner.  By working with a National Network of Estate Planning Attorney, along with your financial planner, banker, and accountant, your family will be able to receive their inheritance so that it is protected from creditors and predators. You can structure your estate plan to provide complete instructions or commentary on those things that you believe are important for those heirs to know and do.

The National Network of Estate Planning Attorneys and the Three Step Strategy can help you implement an Estate Plan that will work for you and your family.

Charles E. Dorwart, Estate Planning Attorney

3828 Dodge Street, Omaha, NE 68131

(402) 558-1404

• The content of this article is provided for informational purposes only. If you need advice regarding estate planning, click here to talk to Charles E. Dorwart or an Estate Planning Attorney near you