Estate Planning Workbook

£499.00

Estate planning is both a practical and emotional process. It evokes various feelings and highlights our relationship with money, our children and ourselves. The complexities of estate planning require many different aspects to be the considered − dividing assets, evaluating tax liabilities, forming trusts, etc. − during which the emotional aspects are often pushed aside or overlooked, whereas they deserve as much attention as the legal and financial ones. This is essential to prevent hidden emotional currents sabotaging the process and the decisions around it. During my career I have often observed the harmful ramifications on the well-being of beneficiaries when these soft issues were not considered.

Before you start your estate planning process, I strongly encourage you to get this workbook and go through the process it describes. It will help you to understand the emotional and psychological forces underpinning the decisions you need to make. This workbook will help you to become clearer about the subconscious forces driving the decisions involved in creating the content of legal and financial instruments.

There are several hidden emotions, behavioral patterns, and questions that I believe hinder the estate planning process. These emotional currents usually revolve around 5 key issues:
1. Who has control?
2. Do you protect or over-protect?
3. Do you focus on equality or fairness?
4. What is the appropriate age to inherit?
5. Do you inform children/beneficiaries and if so when?

This document will help you gain clarity about the answers to these questions and how to handle the soft issues surrounding your estate planning process.

For more information, please read the longer description below.

Category:

Estate-planning is fraught with emotionally charged decisions. As a general rule, financial considerations, especially the tax aspects, tend to dominate estate planning. However, financial priorities often conspire against the emotional well-being of beneficiaries. It is common wisdom that leaving the maximum amount of money is the single most important goal. Yet sometimes how the wealth is passed on has far more impact than how much is given.

Parents and professionals are often moving into new and unknown territory when they start to consider the psychological dimensions of estate planning. And no general guidance is available to help explore the feelings that are triggered by this process.

Planning your estate is an opportunity to look carefully at what there is to give, not just in terms of financial wealth but emotional and spiritual wealth too. It is a unique opportunity to understand the ramifications of what is bequeathed.

Usually, an estate planning process consists of 4 segments:

  • Perhaps the most important one, is the creation of a document that distills the emotional and psychological forces driving the decisions in the other segments. This involves understanding your own relationship with money, your upbringing and how it has impacted your life, and the choices you have made controlled by your unconscious drives. In other words, determining the beliefs, attitudes and behaviors formed somewhere in your past but of which you are no longer consciously aware. This should be the starting point.
  • Creation of the legally binding document that determines who inherits the physical property and how the assets are distributed.
  • Creation of a document addressing end-of-life health care preferences, including how you wish to be cared for in the eventuality that you are unable to communicate or make such decisions for yourselves.
  • Creation of a document that describes the legacy for the continuing generations of the family, which includes the values and beliefs that you wish to pass on.Before you start your estate planning process, I strongly encourage you to get this workbook and go through the process it describes. This document will help you gain clarity about the answers to these questions. It will help you to understand the emotional and psychological forces underpinning the decisions you need to make and become clearer about the subconscious forces driving the decisions involved in creating the content of legal and financial instruments. Please be aware that due to the nature of this process some of the questions can be uneasy or difficult to answer. I suggest adding a consultation. Most clients have felt empowered and benefited from it. We are just an email away for general questions: drlamipa@gmail.com We are looking forward to hearing from you.

Contents
This document includes 7 parts:
PART I: Exploring Core Money Believes
PART II: Challenges of Estate Planning
PART III: Spiritual Beliefs & Attitudes
PART IV: Exploring Core Principles/Values
PART V: Exploring Core Principles
PART VI: The Family Mission Statement
PART VI: The Family Legacy
PART VII: Final thoughts

 

Who should use this document?
Anyone who is considering, or will be involved in the future, with:

Setting up a trust, writing a will, or is occupied with the estate planning process.

  • A couple in establishing the foundation of their relationship with regards to important values, principles, finance and the future of their family.
  • Provide parents the opportunity to express their own thoughts, which facilitate self-examination of the rationale behind their decisions.
  • Allowing grandparents (or parents) to share their life-long lessons, principles, and values with the future generation.

How do I use this document?
Extensive explanation is included in the workbook. However, there are 7 parts to it. In each part you are invited to express your ideas, thoughts and beliefs on various subjects related to the non-financial aspects of wealth transfer. The intention is that by answering these questions your heart and mind (your emotions and logic) will find alignment. This will allow for better clarity and will elicit balanced decisions regarding your estate planning process.

The workbook is designed to help you explore, clarify, and understand the conscious and unconscious aspects involved in estate planning, so that these aspects do not undermine your decision-making and risk emotional harm to your beneficiaries.

Wishing you much success in your estate planning and wealth transfer process, and I am here to answer any question you may have, RL.