The cost of estate planning is one reason some people give for not having made an estate plan yet. Fortunately, you can make an estate plan without breaking the bank. Here are several ways that you can make the most of your money while making an estate plan.
Many of the ways you can save money on estate planning involve doing a bit of preparation in advance before you meet with an attorney. For example, selecting an attorney takes a bit more effort than looking up a phone number and making a call. Select a couple of attorneys that you would like to meet with, and set up a time to meet with each of them for an initial consultation. Some attorneys offer free consultations, which is a great way to save money on the front end of estate planning. Attorneys who provide free consultations want to be sure that they can help you with what you need before you retain them. Be sure that you’re clear on what you want to accomplish with your estate plan so that both you and the attorney will be able to use the time available for your consultation appointment wisely. Don’t forget to ask the attorney about what they charge for a fee, and what that fee includes.
In addition to doing your homework and finding out what you will pay your attorney for estate planning, you can collect and organize information that your attorney will need to use in preparing your estate plan. Gather information about your finances and your assets and organize it so that your attorney will be able to look through it quickly as needed. Ponder the answers to some of the questions that are part of the estate planning process so that you will be ready to give your attorney the answers to them. Some things to consider include whom you would like to serve as guardian for your children if you have minor children, whom you would like to make health cared decisions for you if you become incapacitated, and whom you want to appoint as your executor.
Taking time to think through and decide on some of the questions that are part of the estate planning process saves money because rather than mulling them over on the spot in your attorney’s office, you’re thinking them through in advance and bringing your attorney the answer. If your pondering leads to questions, that’s okay, too. Write them down and ask your attorney because their answers will provide you with the information that you need to make final decisions on estate planning questions. Attorneys prefer targeted, specific questions over vague inquiries because they can provide concise, helpful answers that help their clients make choices that are in line with their estate planning goals.
Estate planning attorneys are skilled at helping their clients legacy that they want to leave. Wichita attorney J. Joseph Weber is here to serve you. Please call our office at 316-265-7802, or contact us online to arrange a consultation to discuss your Kansas estate planning questions.