I’ve often been asked …
March 30, 2007
I thought I’d tell you some stories today that really bring home the importance and value of your relationship with a lawyer.
What I find is that MOST people think they don’t have enough wealth to need such a relationship, but these stories will show you that’s a false belief.
My father-in-law died with a living trust and yet after his death, we were suddenly dealing with the probate court AND his ex-wife. I was in law school at the time, so I didn’t know much about estate planning.
But, I did know that a living trust meant no probate.
Or, so I thought.
My in-laws didn’t have a relationship with their lawyer. They had gone to him for the preparation of documents and that’s what they got. An expensive set of documents at that! And, while there was a note in my in-laws trust binder that said "Congratulations on your new estate plan, now, make sure you transfer your assets!" this lawyer had not taken any action on my in-laws behalf to ensure this was done, or even that they understood how important it was.

