Gather information about client's real estate properties
5
Obtain details about client's business holdings
6
Collect information on client's retirement accounts
7
Gather information about client's personal property
8
Detailed documentation of client's liabilities
9
Approval: Client's Assets and Liabilities
10
Identify Executors and Trustees for the estate
11
Identify Guardians in case of minors
12
Gather Medicaid and elder law relevant information
13
Identify funeral and final arrangements wishes
14
Understand client's wishes regarding organ donation
15
Finalize distribution of assets information
16
Approval: Distribution Plan
17
Prepare client's Estate Planning Document
18
File Estate Planning Document
19
Schedule client's document signing ceremony
Gather client's basic personal information
Collect the client's basic personal information such as their full name, date of birth, and contact details. This information is essential for identifying the client and reaching out to them if needed. It will also help in personalizing their estate planning documents and ensuring accuracy.
1
Male
2
Female
3
Other
Collect client's family information
Gather details about the client's family members, including their spouse, children, and any other dependents. Understanding their family structure is crucial in determining how assets will be distributed and guardianship arrangements, if necessary.
1
Married
2
Single
3
Divorced
4
Widowed
1
Child 1
2
Child 2
3
Child 3
4
Child 4
5
Child 5
1
0-5
2
6-12
3
13-18
4
19-25
5
Over 25
Obtain client's financial details
Collect comprehensive information about the client's current financial status, including their income, assets, and debts. This data will be crucial in creating an effective estate plan that maximizes the client's financial well-being and ensures the smooth transfer of assets.
1
Conservative
2
Moderate
3
Aggressive
1
Low
2
Moderate
3
High
Gather information about client's real estate properties
Obtain details about the client's real estate holdings, including primary residences, vacation homes, and investment properties. This information will help in determining how these assets should be distributed and managed in the estate plan.
1
Primary Residence
2
Vacation Home
3
Investment Property
1
Sole Ownership
2
Joint Ownership
3
Tenants in Common
1
Yes
2
No
Obtain details about client's business holdings
Gather information about any businesses owned or co-owned by the client, including their names, types, and estimated values. Understanding the client's business interests is crucial in developing a comprehensive estate plan that addresses these assets effectively.
1
Sole Proprietorship
2
Partnership
3
Limited Liability Company
4
Corporation
Collect information on client's retirement accounts
Gather details about the client's retirement accounts, such as 401(k), IRA, or pension plans. Understanding the client's retirement assets is crucial in developing a plan that maximizes financial security during retirement and facilitates the smooth transfer of these accounts.
1
401(k)
2
IRA
3
Pension Plan
Gather information about client's personal property
Collect details about the client's personal property, including valuable possessions, collections, or sentimental items. This information will be used to determine how these assets should be distributed among beneficiaries and to address any specific requests regarding personal property.
1
Equally among beneficiaries
2
According to specific requests
3
As designated in a separate document
Detailed documentation of client's liabilities
Obtain detailed information about the client's liabilities, including loans, credit card debts, or outstanding obligations. Understanding the client's financial obligations is crucial in developing an estate plan that adequately addresses these liabilities and ensures a smooth transfer of assets.
1
High
2
Medium
3
Low
Approval: Client's Assets and Liabilities
Will be submitted for approval:
Gather client's basic personal information
Will be submitted
Collect client's family information
Will be submitted
Obtain client's financial details
Will be submitted
Gather information about client's real estate properties
Will be submitted
Obtain details about client's business holdings
Will be submitted
Collect information on client's retirement accounts
Will be submitted
Gather information about client's personal property
Will be submitted
Detailed documentation of client's liabilities
Will be submitted
Identify Executors and Trustees for the estate
Identify individuals who will serve as executors and trustees for the client's estate. Executors are responsible for managing the estate and ensuring the client's wishes are carried out, while trustees oversee the administration of any trusts established in the estate plan.
Identify Guardians in case of minors
Determine potential guardians who will take care of minor children in the event of the client's incapacitation or death. This decision is crucial in ensuring the well-being and proper care of the client's children.
Gather Medicaid and elder law relevant information
Collect information related to Medicaid and elder law that is relevant to the client's estate plan. This may include eligibility requirements, nursing home care options, and long-term care insurance considerations.
1
Nursing Home
2
Assisted Living
3
In-Home Care
Identify funeral and final arrangements wishes
Understand the client's preferences and instructions regarding funeral arrangements and final wishes. This information will guide the planning of funeral services and ensure that the client's wishes are respected.
Understand client's wishes regarding organ donation
Gather the client's wishes regarding organ donation. This information is crucial in ensuring that the client's intentions regarding organ donation are honored.
1
Yes, I want to be an organ donor
2
No, I do not want to be an organ donor
Finalize distribution of assets information
Determine the distribution of assets among beneficiaries as per the client's wishes. Ensure that the assets are distributed properly and account for any specific requests or conditions specified by the client.
Approval: Distribution Plan
Will be submitted for approval:
Finalize distribution of assets information
Will be submitted
Prepare client's Estate Planning Document
Prepare the client's customized estate planning document based on the information gathered. This document will serve as a legal record of the client's estate plan and will include provisions for asset distribution, guardianship, and other relevant matters.
File Estate Planning Document
File the client's estate planning document with the appropriate legal authority. This step ensures that the document is legally recognized and properly recorded for future reference.
Schedule client's document signing ceremony
Schedule a document signing ceremony with the client. This ceremony provides an opportunity to review and sign the estate planning document, ensuring that the client fully understands and agrees to its terms.