PERSONAL FAMILY
LEGAL SESSION

No hourly fees, no hidden costs and no surprise bills!

The first meeting is called a “Personal Family Legal Session” ($600 Value). The purpose of this meeting is for us to get to know you and identify what is important to you. After we get to know a little about you, we will start to develop a personal and specific plan that meets your goals. Often times, the goal is to transfer assets to your children in the event of your death and avoid expensive and timely court delays (probate). In addition, we will also show you other opportunities to save taxes and protect you and your family from potential creditors (asset protection planning). After we determine what your needs are, we will quote you a flat fee to implement the plan that is right for you.

The Personal Family Legal Session starts with the personal inventory. You can get the personal inventory HERE or we will send you a hard copy by mail after you have scheduled your Personal Family Legal Session. The personal inventory has three pages. First, it will ask about your family status; we need to know whether you are married, single, or widowed. Also, if you have children, and some other basic information. After we get an idea of who your family is, we need to see the assets that we are planning for, so the second part of the inventory is about your assets. The inventory divides your assets into real estate, retirement accounts (IRA’s, 401k, etc.), investments, bank accounts, and life insurance amounts. Providing this information allows us to spot potential issues with probate, income tax and estate taxes, and allows us to make personal and specific recommendations for you. The third part of the inventory is designed to get you to start thinking about the people that you will want to serve in the various roles of your plan. Who will represent you, and who do you want to make legal decisions, health decisions, and care for your children if they are minors?

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Your Personal Family Legal Session will start by reviewing the personal inventory with the attorney. Your attorney will ask you additional information about it, and if you have an existing plan, they will review that plan with you and see if it meets the needs of your family. If you do not have a plan, then your attorney will discuss your goals, which are commonly to pass the assets to children or loved ones while avoiding taxes and administration of probate.

Your attorney will then start to design a plan for you that meets your personal needs, and will quote you a flat fee to implement the plan. After the basic parts of the plan are designed, the next appointment is scheduled two to three weeks later to sign the plan. You will receive draft copies of the documents before the signing meeting. This will give you the chance to review the plan, and make sure that it captures your wishes.

After the legal documents are signed, you will receive the original documents along withpersonal funding recommendations. These are the specific recommendations from your attorney of how all of your assets should be owned. If your plan includes a Revocable Trust then your bank accounts will need to be moved into the trust. This is as simple as telling your banker or financial advisor how the accounts should be owned, and they will get you the documents from their bank or financial institution. We generally handle the transfer of your Arizona Real Estate into your trust.

After you finish changing your banking accounts, your plan is complete and current, and you can have peace of mind, knowing that your loved ones are protected.

Here is how we keep your plan current:

  • Review – At a minimum, we want to review your plan every five years. We will want to
  • Laws Change – When there are significant changes to the laws, we inform our clients of the changes, and usually host seminars to explain how the changes will affect plans. There were several big changes in 2012 and 2013 that substantially changed estate planning, but things have been pretty quiet since then.
  • Family Changes – If there are changes in your family, you will need to inform us, common review it sooner if there are changes are if you change your mind on who you want to raise your kids or manage your assets or how you want to distribute your estate.
  •  Asset Changes – The other time we need to review is if your assets substantially increase or decrease in value. If your assets increase in value then there may be additional opportunities to shelter assets from unnecessary taxes and administration. If the assets go down in value then it might be possible to simplify the plan and avoid unnecessary administration.

Here is how to schedule your Personal Family Legal Session

1. Call us 480-924-4424 – this is the best option during business hours.

2. Email us at info@dana.legal