ESTATE PLANNING INSIGHTS By Ethan R. Okura
This is the time of the year when we make an extra effort to be thankful for all that we have. We focus on the spirit of giving and we wrap up presents for our family and loved ones.
This thought made me chuckle a little at a recent meeting with a client at what our law firm calls the “Wrap-up Meeting.” This is usually the final meeting with our client after they have signed their estate planning documents, we’ve recorded their deed(s) and made copies of their documents, which we assemble in a lovely binder that we give them. We schedule this wrap-up meeting so that we can review once again with our clients what each of their estate planning documents is for, the steps they need to take next to ensure that their estate plan will have its intended effect — such as funding their trust with their bank and stock accounts, and answer any remaining questions they may have.