Should You Have Group Meetings for Your Estate Plan?

Have you ever thought about having group meetings as part of your estate planning review? Your lawyer, CPA, financial planner, life insurance professional and others could meet once every year. That way we could all review your current documents, beneficiary designations, tax situation and other issues. Would such a group meeting be a good idea? Of course it would add costs to preparation and maintenance of your estate plan. But it might also help assure that your wishes get carried out. What’s the big deal? you ask. I’ve signed the documents and shared them with family members and professionals I work with. Isn’t that the end of the process? No, it’s not. Estate planning is a continuing process. Your family situation changes, your assets change — everything changes. A group meeting might be one way to stay on top of the constantly shifting dynamics in your personal (and, maybe, professional) life. For some clients, group meetings are a heck of a good idea. For most, the idea might be overkill. Listen in as we talk about the concept. Our clients should feel free to talk about such meetings and review the pros and cons. Want to discuss it more? Feel free to schedule a time to talk with us.