call us
Halstead Center



Becoming a Client of E Trustee Counselor

Understanding the Three P's of Estate Planning

#1 – People

Who are the Important People in your life? Beginning with yourself, they also likely include your loved ones: your spouse if you are married, children and grandchildren if you have any, perhaps your parents, siblings or other relatives. Beyond these, however, "Important People" also could include charities, special causes, colleges or universities, or churches to which you are committed. For some, "Important People" could even include pets. Spend some time thinking about the impact others have had on your life. Make a list and jot notes if you like. This is where the planning process truly begins.

#2 – Property

By Property we mean your assets in general. Make a list of the assets you own or control. At this point, you do not need to identify insurance policy numbers and exact dollar values. Rather think through your assets in terms of their nature (cash, stocks, bonds, real estate, etc.); their value in thousands of dollars; and your ownership interest: Do you own assets in your name only, in joint tenancy with someone else, or through a trust agreement or some other arrangement? Be sure to include often-overlooked assets like life insurance (the death benefit, not the cash value), business interests, and any inheritance you may expect to receive.

#3 – Plans

After identifying the Important People in your life and your Property, the next step is to consider the plans you would make for those people (including yourself) and that Property in the event of your own incapacity or death.

Who would you name to make decisions for you if you could no longer do so yourself? Would the same person handle your finances and your personal and health care decisions? Who would care for your minor children? How would you distribute your assets to your heirs? Would you prefer to spare your heirs the potential cost and hassles of the probate process? Would you like to minimize the impact of estate taxes ... or maximize the impact of a charitable bequest? Is there someone in your family with special needs for whom you would like to provide? Is there someone who perhaps should not receive a great deal of (or any) money without some outside oversight?

These are just a few of the issues to consider when approaching the planning process. They are much more important than the "treasure hunt" for legal documents at this stage.

When You Are Ready

When you are ready to schedule a consultation, please call or complete the Request a Complimentary Consultation form and we will give you a call to schedule. If you complete our “Request a Complimentary Consultation” form we will send you two initial forms that are easy to complete.

If you are really ambitious you can download our Estate Planning Worksheet and fill it out before our first meeting.  The “Estate Planning Worksheet” provides comprehensive information from which we can better serve you.  However, completing this worksheet is not required to attend the Complimentary Consultation.

For Current Clients

Proper estate planning is a process, not simply a one-time event. Therefore, it only makes sense to periodically review your planning goals and legal instruments. E Trustee Counselor offers a Client Maintenance Review program to help you keep your plans current and up-to-date.

 

Proud Member of Lawyers With Purpose

Avvo - Rate your Lawyer. Get Free Legal Advice.

Omaha Estate Planning Attorneys Stephen Schmidt and Rodney Halstead serving clients throughout Nebraska and Iowa as well as the surrounding cities of Fremont, Millard, Gretna, Elkhorn, LaVista (La Vista), Bellevue, Papillion and Ralston. Please feel free to contact the office if you or a family member is in need legal assistance with Nebraska Probate and Estates, Nebraska Estate Planning and Asset Protection, Nebraska Elder Law, Nebraska Trust Planning, Nebraska Tax Planning, Nebraska Medicaid Planning, Nebraska Wealth Transfer Planning, Nebraska Business Succession and Planning or Nebraska Fiduciary Services. Stephen Schmidt is also licensed in Iowa.


Follow Us Online


facebook TypePad Twitter Linked in YouTube
Newsletter Sign-Up

Copyright © IMS. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.

WELCOMEPRACTICE AREASABOUT OUR FIRMTESTIMONIALS NEWSLETTERSBLOGVIDEOSBECOMING A CLIENTFAQSCONTACT US EVENTSDISCLAIMER
11725 Arbor St. Suite 140 | Omaha, NE | 68144