The Nuts ‘n Bolts Series Overview™ (C)Randall, Gentry & Pike, P.C./LifeSpan, LLC. Page 1 Presented by Richard L. Randall Attorney and Counsellor At Law, Randall, Gentry & Pike, P.C. Chairman, National Network of Estate Planning Attorneys www.lifespanusa.com The LifeSpan Family Education Program™ The “Nuts ‘n Bolts” Series (Overview) Presented by Richard L. Randall Attorney and Counsellor At Law, Randall, Gentry & Pike, P.C. Chairman, National Network of Estate Planning Attorneys www.lifespanusa.com The LifeSpan Family Education Program™ Welcome LifeSpan and National Network Member Firm Clients and Helpers! Family Education Program™ Administration ◆ Introductions ◆ Approximately Two Hour Program ◆ PowerPoint – For your notes ◆ Attendance Confirmation Form (“Quiz”) ◆ Beneficiary Discovery Dialogue™/Commitment Conversation™
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The Nuts ‘n Bolts Series Overview™€¦ · The Nuts ‘n Bolts Series Overview™ (C)Randall, Gentry & Pike, P.C./LifeSpan, LLC. Page 3 Trustee Training Workshop™ Analysis Four
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a formal process designed to assure you and your loved ones that your true wealth (both financial and non-financial) is fully realized, efficiently transferred and effectively received
Family Education Program™
Current Training Resources
• Webinars• lifespanusa.com Website• Client and Helper Listservs
Kristen Dennemann• Asset Transfer Support (“Funding”)Greg Gentry• Amendments (Document Production)Whittley Pike• Proactive Elder Law™Rick Randall • Personal Counselling (By Appointment)
Family Education Program™
◆ RGP Mission◆ Plans That Work. People Who Care.™◆ “Serving With an Unreasonable
Commitment to CoCreating Plans that Work”
Empowered Legacy Session™
Program Created:
Ø To Introduce New Clients To The LifeSpan Legal Services Program™
Ø As a Review for “Veteran” Clients Wishing to Keep Current with LifeSpan™ Developments
Ø To Familiarize Helpers, Beneficiaries and Family Advisors With The LifeSpan Legal Services Program™
• Personalized Counselling• Proper Asset Ownership• Formal Review Process• Controlled Transfer Process
• What to Do• How to Do It• How to Pay for It
Keys to an Effective Estate Plan
Estate Planning OverviewThree Step Strategy™• DEVELOP Your Plan with Counselling
Oriented Planning Partners• COMMIT Yourself and Your Family to a Formal Continuing Maintenance and Education Program • SECURE Appropriate Assistance for You
and Your Family to Transfer YourWisdom Along With the Rest of Your Wealth
Estate Planning OverviewThree Step Strategy™• DEVELOP Your Plan with Counselling
Oriented Planning Partners• COMMIT Yourself and Your Family to a Formal Continuing Maintenance and Education Program • SECURE Appropriate Assistance for You
and Your Family to Transfer YourWisdom Along With Your Wealth
Estate Planning Overview
Three Types of Change An Estate Plan Faces
Changes in Your Personal Situation (Life)• Personal and Financial
Changes in The Law• Tax and Non-Tax (Personal Protections)
Changes Due to Learning• Earned and Learned!
Estate Planning OverviewThree Step Strategy™• DEVELOP Your Plan with Counselling
Oriented Planning Partners• COMMIT Yourself and Your Family to a Continuing Maintenance and Education Program • SECURE Appropriate Assistance for You
and Your Family to Transfer YourWisdom Along With the Rest of Your Wealth
Ø Estate Planning Review Worksheet (EPRW™)-- with Design Template?
Ø Asset Review Report™Ø Trust Protector SupportØ When to Seek Additional Counselling
Empowered Legacy Session™Four Essential Elements™
Ø Estate Planning Review Worksheet (EPRW™)-- with Design Template? ØUsed to Review Plan (with Design Template?)ØUsed to Provide “Immediate” ImplementationØUsed to Document Intent for Trust Protector
Empowered Legacy Session™Four Essential Elements™
Asset Review Report™ØProvides “Current” Asset List for Disability,
Medicaid Qualification, Terminal Illness and to Begin Death Settlement Process
ØProvides “Scorecard” for Verification
Goal: ALL assets accounted for and verified as properly titled
Two Critical QuestionsWho Might Serve? ◆ Cannot Be Related to You◆ Should Have Strong Understanding of the Law ◆ Should Have Strong Understanding of the
Trust Document How Does Trust Protector Know Your Intent?
Can Only Make Changes Based on Your Intent
Education ProgramTrust Protector Review Session
Determining Your Intent
◆ Estate Planning Goals◆ Design Template◆ Restatements Signed Over the Years◆ Perpetual Progress Program™ Direction You’ve
Provided to Firm Over the Years◆ EPRW™◆ Memorandum of Intent◆ Purposeful Trust™ Planning
◆ Call the Law Firm ◆ Locate Client’s “Red Book” & Locate Your Family
Operator’s Manual (Hard Copy or at least on the web)
◆ Relax! Remember There’s a Dependable Process to Follow!
Finally, Keep in Mind It’s Not Just Death Planning—DocuBankⓇ for Emergencies--and There’s A Dependable Process to Follow for Health Care Planning Quiz Alert!
The Empowered Legacy Program ™
What About Helpers Own Preparation?
Ø Proactive Preparation OpportunityØBeneficiary Personal Information FormØBeneficiary Discovery DialogueØBeneficiary Commitment Conversation