Explaining to you how we’re different requires an explanation of what the “traditional” experience with a lawyer is like. If you’ve worked with a lawyer to prepare estate planning documents for you in the past, this will sound familiar.
During the traditional experience, you’ll go in and meet with a lawyer who will oftentimes make things seem very complicated and confusing.
You’ll have a good idea your lawyer is smart and seems to know what he is doing, so you’ll nod and answer questions, as if you understand everything. Because you want to do the right thing for your family, you’ll have the lawyer prepare documents for you and you’ll sign the documents, feeling relieved you got THAT taken care of.
You’ll take your fancy estate planning binder full of documents home, stick it on a shelf or in a drawer, mark estate planning off your checklist as DONE, feel good, and never think about it again.
You might remember your lawyer said something about moving your bank accounts into your trust so you’ll go to the bank, forget what you were supposed to do, call your lawyer’s office, get a voicemail, have to leave the bank and wait for a call back (which takes several hours and sometimes days), and by that time, you’ll have gotten busy with other things and never get around to moving that bank account.
A few weeks later, you’ll get a bill in the mail for $67.50 for 15 minutes of your lawyer’s time for answering a couple of questions. You’ll make a mental note – don’t call lawyer ever again!
Several years later, you’ll refinance your house or sell it and buy a new one and forget that you were supposed to let your lawyer know or make sure you kept the title in the name of the trust.
Your children will get older, making your guardianship choices outdated, but you don’t want to call your lawyer because you know you’ll get a bill in the mail two weeks later.
You’ll hear something about a change in the tax law, but you figure you’d surely get a letter in the mail from your lawyer if it was something that affected you, so you don’t worry about it. Besides, you’d have to dig through boxes to find your trust documents so you could remember your lawyer’s name and find his contact information. Who has time for that?
It’s not until you become incapacitated or die and your family finds the binder you stuck up on a shelf several years before (and never looked at again) that they’ll realize your plan is so outdated that it has nothing to do with your life, your assets, and the law. It isn't worth the paper it's printed on.
Your family is at a loss. They don’t know where to turn or what to do, so they contact the same lawyer you used to prepare the documents, who is as happy as can be to probate your assets, which never made it into the trust, charging an hourly rate of $300.
How do I know all of this? Because I have seen it firsthand during the time I spent litigating probate matters. I thought for sure attorneys who practice this way, allowing their client's plans to fail, must be committing malpractice. But what I learned is that it's not malpractice...it's COMMON practice.
This is NOT how I do things at McRee Law, PLLC, Home of The PLAN. I have thrown out the traditional estate planning practice model and implemented a better way of practicing estate planning that truly serves my clients and their families. I focus on building lifelong relationships with my clients. Yes, I create estate planning documents, but these documents are simply a byproduct of the relationship that I build. The relationship ensures that the documents will work when they are needed so that your assets are handled how you want and your family stays out of court and out of conflict.
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