Tranel Talks Column

3 Trademarks of the Best Estate Planners

A lot of people tend to overlook estate planning, but this is a mistake. Having a plan for when you pass away is vital to make sure that there is as little as a burden as possible on your family, as they will already be going through a very difficult time. This is also important in determining who will look after any pets you may have as well as dependent children who would need a new guardian. These decisions are vital to your family to ensure that everyone is taken care of as well as possible.

Putting Off Estate Planning Is a Mistake

It’s an easy mistake to make, as 55% of Americans pass away without having a will or an estate plan. This actually makes a lot of sense, as it’s easy to forget and put off, but we also don’t know when the time will come. This means that most people overlook this until they pass away, even though not having any estate planning or will before their death makes things more difficult on their family.

Taking all of that into consideration, it’s vital that you hire a quality estate planner. However, how do you know which estate planners are good ones? Well, there are a few key things to look for when hiring estate planners. Here are three things to be on the lookout for.

1. They Pay Attention to Detail

In a broad sense, estate planning and will writing can be very complex, as there are extensive details to be concerned about. Furthermore, every person has different circumstances. This means that each situation is unique in terms of details to pay attention to. This means that, for an estate planner, it is vital to be able to pay attention to detail. By being detail-orientated, they will be able to make sure your estate is planned as well as possible, taking advantage of small language in both the law and the difficulties in your own life.

2. They Care About Your Individual Circumstances

Everyone has different circumstances in their life. The reality is that life isn’t one-size-fits-all. Unfortunately, for estate planners, it’s sometimes easier to come up with a one-size-fits-all plan or to have fallback plans to work from. While it might be easier for the estate planner, it doesn’t yield the best possible results for you on an individual level. Estate planning is varied, but if they put emphasis and care into your individual issues and concerns that come up, they’ll be able to create a much better plan for your future than if they plan for you based on a formula.

3. They Have Extensive Experience

It is vitally important for estate planners to have extensive experience. This is because all financial planning is incredibly detail-orientated and individually unique. For someone who is new to estate planning, this can be overwhelming. However, if they have extensive experience, they’re more likely to know what’s best for someone in your situation and how to best care for your family and loved ones going forward. By hiring an experienced estate planner, you will be able to best position yourself to get a will that’ll provide peace of mind in terms of your estate being properly settled.

Estate planning is different from retirement planning or wealth planning in that the benefit primarily goes towards your loved ones and not yourself. That’s part of the reason why it’s often overlooked by people, as they are naturally more concerned about their financial wellness. Post-life circumstances aren’t something that many are interested in thinking about. Financial consultants are a great resource for these issues. The skillset brought to you by estate planners is unique to this system of writing a will. Remember what makes a great estate planner so you can set your loved ones up for the easiest time they can possibly have.