David T. Hornsby | California Trust & Estate Planning


Your Initial Estate Planning Consultation

The entire estate planning process for each client consists of two (2) one hour appointments. In the first appointment, which is a free consultation, the clients are asked about the following.

The Nature and Size of your Estate: Mr. Hornsby wants to know the value of your retirement accounts, bank accounts and brokerage accounts. Account numbers are not necessary. He also needs to know the value of the death benefit for any life insurance policies owned by you or your spouse. For real property, please bring a copy of the “Grant Deed” to the property as well as an estimate as to its fair market value. Please also give me the approximate debt owed by you or your spouse.

Distribution Pattern: Who will inherit your estate? If more than one beneficiary, will the gifts be cash or percentages of the estate. If your children are minors, how old do you want them to be before they can manage their own money.

Trustees/Executors/Attorney in Fact: Who will be responsible for making financial decisions in the event of your incapacity or death. Who will be in charge of making sure your assets go to your beneficiaries. The position of trustee involves a great deal of trust. Trust that he/she will follow your wishes and manage your money competently.

Agents for Medical Decisions: Who do you want to make medical decisions for you in the event of your incapacity? Do you want to be kept on life support if you are in an irreversible coma or persistent vegetative state? If not, who do you want to designate as an agent to make difficult medical choices?

After the above topics are discussed, Mr. Hornsby will advise you as to the type of estate plan you need and the cost of the plan. A second one hour appointment will be scheduled to review final documents and for signing. At the signing date, all documents will be reviewed, provision by provision, so the client knows exactly what they are signing.

© David Hornsby, Attorney | Terms

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