PLAN MAINTENANCE ~ Our Commitment
Estate planning involves more than signing a stack of documents and putting them in a safe place until you become disabled or die. Although the plans we create are built with contingencies to anticipate many situations, no plan can continue to meet your needs if circumstances have changed since you created it. These can include:
- Changes in your personal situation such as health, marital status or net worth
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- Changes in laws such as tax law, pension law or benefit programs
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- Changes in advisor experience and strategies.
Unfortunately, most people only reluctantly revisit their estate planning decisions, until a crisis forces them to do so, because they don’t know they should or they hope to avoid additional costs. This reluctance offers a classic example of “penny wise, pound foolish” thinking. Just like you can’t buy insurance after the house has burned down, your options will be fewer and more expensive after a crisis if you haven’t kept your plan current.
We designed our TLC™ Maintenance Program to help you keep your plan current beyond the contingencies we incorporate into your directives. The Program involves a formal annual review of your plan and a 9-point update for a minimal annual flat fee rather than leaving these tasks undone or having them performed on an uncertain hourly basis. And on-going participants in the Program control their settlement fees with our fee commitment which entitles them to specified capped settlement fees so there are no surprises for survivors.