In this final session we will review what we have learned and apply it to real life situations. It is my belief the legal documents are the easiest part of your estate plan and the most difficult part is our family or personal situation. What happens if I have no children? Or I have a spendthrift beneficiary? Or I have a Special Needs situation? Or I have multiple marriages and families? And the list goes on.

We do group CASE STUDIES from facts given by actual attendees of the workshop who completed the Personal Planning Survey. Using an anonymous name, the attendees submit the survey prior to week seven of the workshops. We discuss the financial and estate plan issues from these real life situations and give suggestions as to how they may be addressed.

What becomes clear is that most individuals have never thought about their goals and objectives or have an understanding of their net worth or know how they have title to all of their assets. The survey should be able to assist you. You may want to complete the questionnaire for yourself and discuss with your successor fiduciary, fee only financial advisor and estate planning attorney.

And remember your estate plan is not set in concrete. As the law changes, family circumstances change or as you get older you may want to amend or modify your estate plan. We recommend review every 2 to 5 years. It is easy to do. Not having the proper legal documents subjects you to possible conservatorship and family issues. A lot of money will exchange hands and whenever money is involved there can be problems.

A final note: Please write a letter (not to be opened until your death) to your children and friends you love and leave it with your estate documents. None of the legal documents use the word “love” and having a letter to read with your estate documents may alleviate many problems. If you want an obituary you may want to write your own as well. We only die once!




Case Study – Personal Planning Survey


Case Study – Spring 2013


No More Drama – How To Talk To Your Family About Money
Gifts to Caregivers
Ten Reasons to Update Your Estate Plan
Property Management – Advisors Maintaining Family Compounds
How To Write Your Own Obituary
Top 6 Regrets of the Dying
6 costly estate-planning minefields, and how to avoid them
9 Estate Planning Pitfalls to Avoid
Blood and money – How familial strife can unravel estate plans
Your Heirs Want This Even More Than Your Money
How to handle sudden wealth
Helping clients reach wise inheritance decisions

Amy Winehouse’s Financial Legacy
Estate Planning Lessons From James Gandolfini
8 Big Estate Battles of the Rich and Famous
Wealth ‘Poisons’ Kids, Says Aussie Finance Tycoon
Living with the Realities of Your Estate Planning Documents (Why you should have a Living Trust)
Ideas to Help Your Family
18 Recommendations for Minimizing Inheritance Conflict
10 Things Your Parents Won’t Tell You
Caring for Parents Can Cost Children
Headaches for Same-Sex Couples
Dynasty Trusts Under Attack



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