All too often, estate planning is viewed as a transaction: a will, a living trust, powers of attorney, etc. But the best planning happens when the professional can get to know the client on a deeper level, to uncover hopes, dreams and aspirations. It becomes more about family and values, and it becomes a process instead of a transaction.
This process begins with having a plan for our lives. There is a certain power in planning. When plans are carefully thought through and written out, they tend to come true. A plan can also serve as a guide, helping to align our deepest values, beliefs and goals with our financial resources so we can realize our dreams. Having a plan allows us to live richer, fuller lives–personally, professionally, financially and spiritually.
How to Formulate A Life Plan
The right professional for this approach in planning will ask open-ended questions and listen carefully to the answers. The client, on the other hand, will need to be open, honest and willing to make an emotional connection, with both the professional and with him/herself. The two will be building a mutual trust and relationship, one that can last for many years, possibly even into the next generation.
The result of this type of planning is far more rewarding than any transaction.back to all posts