LifePlan Nebraska Three Step Strategy


LifePlan Nebraska uses the Three Step Strategy™ to create estate plans that work. Too often plans fail to meet clients' hopes and expectations because the planning process was focused on documents, on speed, or on short-term cost.

Clients often are not aware of available alternatives and are not informed about the cost of settling their estate in probate.

The Three Step Strategy™ is for clients who want more than a simple will or a standard revocable living trust. It is a counseling process, using a team approach, to ensure that a client's dreams and concerns for themselves and their loved ones are reflected in their estate planning documents.

The base plan involves a fully funded revocable living trust, which is reviewed regularly to keep the plan current and ready to deal with changes in the law or the client's situation. Overall costs, including the costs of settling the estate after death, are fully disclosed and controlled.
 
 

Benefits of The Three Step Strategy When Implemented Properly Include:

As an Omaha firm whose main focus is estate planning, LifePlan Nebraska can help you draft a plan that will not let you down and keep it effective through all of life's changes. We work as planning partners—counselors, rather than paper pushers who simply drop your information into template documents.
 
  • Avoids the cost, delay, and publicity of probate
  • Catastrophic illness protection
  • Creditor protection for loved ones
  • Accomplishes personal planning goals
 
  • Protects loved ones in case of divorce or remarriage
  • Takes advantage of changes in the law, changes in the client's situation, and changes in the attorney's experience
 
  • Integrates the most advanced and effective tax strategies
  • Integrates the importance and significance of the client's life experience with the legacy they leave to others.
 
 

1) Develop An Estate Plan With Counseling Oriented Planning Partners

Step 1 is a very thorough and detailed design that is the beginning of an ongoing process and a lifelong relationship with a trusted advisor. An integral part of a successful estate plan is the funding or titling of the estate plan. We place the assets of the family in the names of the trustees of the estate plan to ensure that the estate plan will work.

2) Commit To A Con­tin­u­ing Maintenance and Education Plan

  • Step 2 educates clients that estate planning is a lifelong process and pro­vides a formal program to allow education and updates to your estate plan via a modest annual retainer.
  • Traditional estate planners do not provided formal assistance in this stage. Clients rarely contact their attorney because they are unaware of needed legal changes, they thought estate planning was a onetime event, or they are unclear on the cost of updates to the plan.
  • We know things change. The Three Step Strategy™ is a cost effective way to make sure that change doesn't make your plan obsolete.

3) Secure Appropriate Assistance Upon Death to Transfer Wealth and Wisdom

Traditionally, many survivors have little knowledge about what to do to administer their loved one's estate. In addition, the plan itself may be out of date and the loved ones rarely have control over the cost of administration because it was not previously discussed.

When a client successfully uses Steps 1 and 2 of the Three Step Strategy™, then Step 3‘s administration is smoother and less expensive because the estate plan is up to date, family members are educated, and the costs of settlement are predetermined because of agreements made between our firm and the client prior to the client's death.