I was recently speaking with a new client and they asked me a very common question. “Dan, how will my children know where to find my crucial legal documents when I die?” Many families worry about this exact issue. As I tell people, your plan means nothing unless your family members can easily access the plan upon your death.
Unfortunately, this has become a predominant problem when it comes to DIY (do-it-yourself) estate planning or legal document creation through online software or treating estate planning as a one and done transaction.
In our office, at the conclusion of our planning, we organize all the original documents and copies into a blue binder. Next, we scan copies onto our server so that they can be easily accessible in the event of an emergency. We also invite our clients to attend, with their adult children, our next available Successor Trustee Training Workshop, where we talk about the ins and outs of settling a trust. Finally, we make sure that our clients children know who we are and how to contact us upon their parents’ deaths.
However, sometimes this is not enough. Time passes, and passes, and passes, and your children have to go through every square inch of the house looking for your will or trust.
This is the importance of making sure that you keep your estate plan up to date, make sure you have regular reviews with your estate planning attorney, and make sure that your estate plan is updated in accordance with law changes, tax law changes, and life circumstance changes. When you take this approach to estate planning, you can be sure that your plan will work in the way that it is supposed to, but more importantly, that your children will be able to find the crucial estate legal documents when you pass away.
In order to make the entire process easier, we recently made available to our clients the Estate Legacy Maintenance Program. This is a program where for a low annual fee, our clients receive a number of benefits including:
- Unlimited phone calls and e-mails to answer their questions throughout the year.
- Receive a members only monthly newsletter mailed to their home.
- Free invitation to future workshops that we host on changes in the law and in estate planning strategy.
- Access to our list of referral partners.
- Annual meeting with their estate attorney to review their existing plan and an annual update.
- Free Notary Service.
- Preferred Appointment Times (Before 8am and After 5pm).
- Plus, an unlimited number of updates to their plan in the event the law changes or their family circumstances change.
- However, even more important is access to our online document retrieval system. Our clients can go online, with a secure login and password, and access their signed estate planning documents whenever they want. If there is an emergency, and can’t locate their originals or their copies, they can go online and access them immediately.
If you would like to get started, schedule a time to meet with your Nashville, Tennessee Estate Planning Attorney to discuss your options and what estate planning options might be best for you and your family.
Call Daniel A. Perry today at (615) 490-0477 to begin the process or protecting your loved ones and your family today!