OUR ESTATE PLANNING PROCESS:
Below you will find an outline of what you can expect when you work with Tirey O’Neil, LLC to create your will or trust based estate plan. We recognize that this is a very sensitive and private process and we strive to make it as easy and efficient as possible, while still producing a lasting plan tailored to fit your needs. When appropriate, and only with your permission, we will use a collaborative approach -working with your investment advisors, accountants, family members and other trusted advisers to create a plan that protects you and your family in the event of medical crises or death.
Step 1: Initial Free Estate Planning Consultation / Referral
When you, your investment adviser or accountant contact Tirey O’Neil to set up your initial consultation, you will receive a confirmation of your appointment via mail or email along with a copy of our Estate Planning Worksheet (this worksheet can also be downloaded here). We ask that you complete as much of Sections I & II of the worksheet as possible before you initial free consultation and either send it to us prior to your consultation or bring it with you. Having this information available during our first meeting will make the meeting much more productive and efficient. Your initial free consultation will take place with our estate planning attorney, Tracy Tirey. This meeting can take 1-3 hours, depending on the complexity of your estate and planning goals. Meeting Location: We will usually set the initial meeting at our office, conveniently located in the Metro North Building, 11990 Grant Street, Suite 218, Northglenn, CO (at the corner of Grant Street and 120th Avenue). However, upon request, we can usually arrange to meet at your investment advisor or accountant’s office, your home or via the Internet. During your initial consultation our attorney will spend time getting to know you and your family and your estate planning goals. She will discuss with you the various components of a comprehensive estate plan and options available to you in achieving you goals. She will help you determine if a Will or Trust would best serve your objectives and how simple or complex those documents may need to be. Keep in mind that the estate plan we put together for your brother, mother or next door neighbor may not be the estate plan you need. One size does not fit all when it comes to estate plans and we will provide options and make recommendations based on the goals you set. Once you and Tracy Tirey have determined the type of plan that best suits your needs, we will move on to Step 2- designing your estate plan. Depending on the complexity of your plan, the information available at your consultation and the time allotted for your initial consultation, we may be able to complete step 2 during your the initial consultation. Fees: At this point, our attorney will usually be able to quote you a flat fee for our services. You can expect to pay one-half of this fee up front, with the balance due at the signing meeting (Step 3). Upon request, or in unusual or unique circumstance, we charge an hourly fee (vs. flat fee), which will be based on the current hourly rates of our staff.
Step 2: The Estate Plan Design Meeting
The next step in the process is to design your individualized estate plan. We will need to set up a block of time, usually about 3 hours, to complete this step. Depending on your particular needs (health, attention span, etc.) , we may want complete this step in two or more meetings. In this step, our attorney will guide you through making decisions regarding the particulars of your plan. She will explain available options and discuss the pros and cons of each one until she has the information necessary to draft your estate plan documents. At the end of this meeting our attorney will set a date to sign the completed documents.
Step 3: The Signing Meeting
After our attorney has drafted your plan you we will set a time for you to review and sign all of the documents that make up your plan. At, or directly after this meeting, you will receive an Estate Plan Portfolio with all of your signed documents and other documents related to your plan as well as electronic copies of all your signed documents. Because witnesses and a notary will need to be present at this meeting and all the documents will need to be prepared with the date of signing included, it is important that we have a confirmed date for this meeting and that you provide our office notice, well in advance, if you need to reschedule the meeting for any reason.
Step 4: Trust funding (if appropriate)
If you have set up a trust based estate plan, you will have an additional step to complete before the plan will be fully effective: Funding the Trust. We can perform this step for you or you can opt to handle it yourself, either way, we will provide information on how to perform this crucial step. Our Guarantee: We understand that sometimes, after reflecting on your documents you may change your mind and want to make changes to your plan. We will make minor changes to your plan documents free of charge for up to 90 days after signing the original documents. Estate planning is not “one size fits all”. Let us help you create a plan that fits. Contact our estate planning lawyer online or call (720) 932-4400 to schedule a free initial consultation.