When you are planning an estate there is a common belief that an attorney is the only professional that you you will interact during the entire process. While the estate planning lawyer is undoubtedly the most important professional that you will interact with during the process of coming up with a plan there may be other experts that can help guide you to the path that you need to be on.
The lawyer evaluates a client's specific situation, works with the client to help accomplish their goals and what they want accomplished, gives legal advice on the law, comes up with a client specific plan to help the client fulfill their wants and needs, and drafts the estate planning documents to help implement the goals for the client. What else can possibly be needed after all of that to better accomplish an estate plan. There is a team of professionals that can come into play that can help suit all of your possible needs. While the attorney is the superstar on the team that carries the load and takes most of the shots the other members of the team carry out important roles that help win the game.
You may already have these team members on the bench and ready to put in the game. A financial adviser is a professional that can help manage and build your assets. This is the professional that makes sure that you have an estate to plan and can help you maintain it. Proper investments can make sure that you have a legacy to pass on and can help formulate goals and a long term strategy to make sure all of your needs are covered. An insurance agent is also an important part of the long term vision for your goals as they can provide coverage not only for yourself in thinking about long term care insurance to make sure that you are covered in your later years, but also for your family members to provide a safety net to make sure that they are covered in case you are not around to provide for them. An accountant or CPA is also important to help plan for your long term needs and make sure that your tax and other financial affairs are in proper order. A health care professional is also an important team member to help plan for what kind of care you will need for the long term and what kind of help you will need to make sure that you are taken care of in your later years.
Having all of your team members meet each other and make sure they are all playing on the same play book is important to winning the game. Most professional can work well together to make sure you win in the end.
Evan Guthrie Law Firm is licensed to practice law throughout the state of South Carolina. The Evan Guthrie Law Firm practices in the areas of estate planning probate personal injury and divorce and family law. Evan Guthrie Law Firm 164 Market Street Suite 362 Charleston SC 29401 843-926-3813
