How to Find the Right Estate Planner

 

Estate planners who charge little or nothing for their services should be avoided. It is most likely that they are making money for themselves by earning commissions on the investment products they recommend.

 

The estate planner you choose should be objective and offer more than just investment strategies and financial planning advice. You should ask questions before choosing your estate planner and the answers should plain to you…no beating around the proverbial bush.

 

Ask if he or she has worked with clients like yourself. I.e. If you are a teacher, has he/she worked with teachers? Has he/she worked with people who have your income level? Has he/she worked with people who share your goals? You are looking for an estate planner who has the experience you need to tap into.

 

Ask if he or she keeps up with relevant legislation, such as income tax laws, family law, and changes in probate regulations. These things change and the changes will affect the best course you should pursue over time.

 

Ask how he or she sets fees and earns income. Does he/she sell life insurance, mutual funds or other investment products? If this estate planner does, keep looking. You want objectivity.

 

Tell him or her that you want to set time lines and ask how he/she can help you meet those deadlines.

 

Ask if he or she can refer you to other professionals if the need arises… lawyers and accountants for example. Your estate plan is based upon many things that your attorney or your accountant handles for you.

 

The estate planner needs to be able to work with and consider information provided by these other professionals so that your estate plan is based on your needs and goals and changed as your situation changes.

 

Choose carefully and wisely.