Summary

1. How are we going to organize and simplify my assets?
2. What sorts of accounts and trusts will we use and how will they be managed?
3. How will you work with my trusted contact, while I’m well, and after I’m sick or deceased? (And for those unsure, how can I pick the right trusted contact, such as a family member or professional?)
4. How do you determine cognitive decline in an individual? And what practice would you take if you thought my ability to answer questions and manage my funds was diminished? What would you do once you’ve made this determination?
5. How else do you practice checks and balances during the financial planning or estate planning process, and during the monitoring of my assets?
6. How often will we review beneficiary agreements and estate planning documents?
7. Do you work with a team of professionals, and in what capacity? How often will I work with them too?
8. Should we ever include my family members or other beneficiaries in our conversations, and when?
9. Do you have any references I could speak with?

Links

https://www.marketwatch.com/story/stan-lees-tangled-web-of-estate-planning-and-how-to-avoid-this-mess-2018-11-14

Original post by Alessandra Malito (@malito_ali)