By now you’ve probably seen that Kundani & Chang is something special when it comes to estate planning, and that's because we do things a bit differently here than at other law firms. That’s why our clients speak highly about their relationship with us.
Because you love your family, you know they deserve the kind of protection, guidance and love that we will provide for a lifetime. It’s important that you know how we work because you will get the most out of your estate planning experience if you are prepared.
For our estate planning clients, we typically spend about three sessions with you in order to design, sign, and fund your estate plan. To ensure we keep your plan updated throughout the years, we bring you back regularly – at no cost – to make certain your estate plan works even after your assets change, your family changes, or when the law changes.
The following will give you a better idea of what to expect in the process.
Your very first meeting with us is called a Family Wealth Planning Session. Call our office at (714) 525-2400 to schedule your personal Family Wealth Planning Session. We will schedule the most convenient appointment time available for you with one of our partners.
When you schedule your personal Family Wealth Planning Session, we block 2 hours on our calendar so we can focus entirely on you and your family during this time. We will review all the essentials when it comes to estate planning and you will have all of your questions answered. Most clients will also use this meeting to design their estate plan.
Before your first meeting, we will send you a package of information to review, along with a Family Wealth Planning Worksheet. We ask that you fill out the Worksheet before the meeting as it will save time. Don’t worry if you can’t fill out all the details we’ve asked for; it’s just a starting point for key information.
On the day of your meeting, please expect to spend up to 2 hours with your attorney. The initial meeting with your attorney has two purposes: (1) to identify whether there is a good fit between you and us; and (2) to educate you about your options.
We will begin by telling you about our approach to estate planning and the various factors that you should consider. We’ll then review your “current plan” and run through “what would happen” if something were to happen to you now. This way, you can identify what things you would want in your estate plan, which will give you the peace of mind knowing your family will be taken care of in the way you want if something happened to you.
For most clients, we can design your estate plan during this first meeting as well.
Once we have completed the design of your plan, we will prepare your estate planning documents. We have a process of reviewing your documents with you to ensure that we understood exactly what you want to happen if something happens to you. After the first meeting, we will schedule a second meeting where you will sign your estate planning documents approximately 4 weeks later.
Once you have signed your estate planning documents, the final step is “funding” your plan, which means transferring your assets to the trust. You will have a choice here. Either you can fund your plan yourself or you can elect for us to do it for you. If we are funding your plan, we have a full-time funding attorney who will work closely with you to ensure all of your assets are correctly transferred to the name of your trust in the most time-efficient manner possible, which takes about 4 weeks.
But we see that as only the beginning of our relationship. Even after we hand over your documents, we bring you back every three years to review your plan at no additional charge. Our clients communicate with us throughout their lives without having to worry about receiving some hourly bill. It’s part of our approach to comprehensive, sensible and affordable estate planning.