If someone in your family or business needs a nudge to get their estate plan in order, pass along this helpful Q&A information from Transition Sponsor Lindquist & Vennum, LLP and attorney Brian Kirby.

Q: Why does it take so long for estate planning? How do you prevent it from being obsolete?

A:  Depending upon the complexity of the estate/succession planning, it is rare for estate planning to take very that long.  Barring any contingencies (i.e. pending sale of business, uncertainty of the succession plan, tax situations), most estate plans are done in a matter of a few weeks. Most competent estate planners will look to have the client bring in the information prior to the meeting, then meet with the clients and suggest a course of action. In my experience, any delays in the execution of the estate plan seem to revolve around the client’s busy schedule or the fact that they’re not ready to “pull the trigger” yet. If the client approves, then the estate plan is created.   – Brian Kirby