If it appears we can help you and your family with asset preservation and you select to proceed long-term care planning, then you will follow down this column.
Our long-term care planning track clients will meet with an attorney for an evaluation. The attorney will discuss your concerns and obtain additional information. We want to understand your concerns so that we can custom tailor our efforts to best address those concerns. Again, family and friends are welcome.
The attorney will use the information you have provided to develop a plan that combines multiple planning strategies based on you and your family’s specific situation. This plan is prepared in a report format and will be provided to you. We provide this report in time for you to review it either by yourself or with your family, whichever you choose, before our design meeting.
Your attorney will meet with you to address questions over the plan. Any final concerns you have will be addressed and the attorney will explain the processes that will be used in implementing your plan.
Your planning team works to produce the legal instruments necessary to implement your plan. Your planning team will provide you with the draft of the legal instruments prior to your next meeting so that you can review them either by yourself or with your family, whichever you choose.
Your attorney will meet with you to address questions over the legal instruments or any other questions. You will discuss any changes you would like made and then schedule a date for signing.
Development – Again
Your planning team will go to work again to implement any modifications that need made to incorporate the changes or address concerns raised during the review meeting. The planning team will prepare all legal instruments for the signing.
You and anyone else that is necessary will meet with the planning team to sign your legal instruments. If your planning team is handling transferring any of your assets into any trusts, then you or your trustees may need to sign additional instruments to begin that process. This is known as “funding”.
If your planning team is handling transferring any of your assets into any trusts, then your planning team will be working with your other providers to obtain necessary documents, provide information and complete the funding for those assets.