Got Any Questions?
1 Why Do People Delay Estate Planning?
Don’t like to think about death
Uncomfortable with legal terminology
No hard/fast “deadline”
It’s not a lot of fun!
Average person is not real fond of lawyers
Perception of massive amounts of paperwork
You won’t live to see the benefits of planning
Could arouse negatively feelings
Perceived as a daunting task
“Live for the Moment” mentality
Procrastination from guilt for not having done an estate plan earlier in our lives
2 What motivates us to start and complete estate planning?
Recently, COVID or some pandemic concern
End of my life perceived as imminent
Leave a legacy
Peace of mind
3 How Do I Choose A Trustee?
Due Diligence (Ask a lot of questions)
Are you comfortable with the representative?
Do they listen?
Do they seem knowledgeable?
Do they reference the Trust and Probate laws in New Mexico?
4 What Questions Do I Ask of the Trustee?
How long have you been in business or served in a fiduciary capacity?
How would you handle my estate if I was incapacitated?
How would you handle my estate if, I have passed away?
Who regulates your company?
Who serves on our Board of Directors?
What kind of fiduciary insurance do you carry?