So, how do you work toward the things we've talked about previously?
The most important step is to get a “coach.” All of the other stuff we've talked about is just a head start on the real planning. You need to use an attorney who will work with you to create a plan that fits your family, not someone who just fills in the blanks on a glorified form.
- charges flat fees (not by the hour).
- will help you coordinate what will happen to your money and who will have access to it.
- will help you document emergency procedures to provide for your kids in the hours and days following an accident.
- offers an ongoing membership program to keep your plan up to date.
Estate planning is important for anyone who has children and is a lifetime endeavor. It is never done until you’re gone or disabled. It’s not a one-time event. There’s no partial credit. If your plan is out of date when you die, it will fail. And you will fail your family. Failure should not be an option.
For more information about family estate planning, visit David Edwards' site or check out Alexis Martin Neely's book, Wear Clean Underwear: A Fast, Fun, Friendly - and essential - Guide to Legal Planning for Busy Parents.