Real Estate Daily Digest

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Your role in the process is an active role, not a passive one. You should avoid the attorney who is content with simply telling you what to do, and then throwing together some documents to accomplish it. That is the attorney’s plan – not yours.

In summary, if you’re working with the right estate planning attorney, you should plan on being involved in three distinct steps:

1. Develop a plan with counseling-oriented (rather than document-oriented) professionals.
2. Commit you and your family to an ongoing maintenance and education program.
3. Assure that your wisdom is passed along with your wealth.
As you consider those you love, and those material things that you’ll someday leave behind, only a properly designed and implemented estate plan can ensure that your goals for those loved ones are accomplished.

Many estate plans in America don’t work. They often consist of fill-in-the-blank documents, delivered in a one-time transaction, and never updated. If that’s all an attorney can offer, that’s not the right attorney for you. Choose an attorney that is counseling-oriented, values-based, and as strong on relationships as he or she is on the law.

If you are a parent and you want to buy a house together with your children, then, it would be important to consider the school habits of your children. It would be rather difficult for children to travel 5-6 days a week from their homes to school if the distance is great. Consider on whether it would be practical for your schedule to pick them up as well or let them go on their own. If so, make sure that their travel would be safe.

Your welfare may be important, but the welfare of your children must be above your importance. They are less mature and less capable of adjusting to different environments than adults.