Lessons Learned from the Trustate Toolkit

What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.
Read the Full Story

Lessons Learned from the Trustate Toolkit

What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.

I see myself as a pragmatic and well-organized person and in 12 years of marriage, for whatever reason, it may or may not come as a surprise that my husband and I do not have Wills. Throughout our relationship, we bought and sold properties,built up our savings, retirement, and investment accounts, accumulated life insurance, but nothing too complex that would seem estate plan-worthy.

 

As co-founder and COO of Trustate, it may come as a surprise that my will is not complete. Every day I meet with clients struggling with the loss of a loved one and simultaneously trying to administer their loved one's estate. You would think this would be motivating in itself, but for whatever reason, drafting a will of my own has not been a priority. We don’t have children so there has never been a"life event" motivating us to get our affairs in order. Sure, we’ve talked about it, but for whatever reason, this daunting task continues to fall to the bottom of our to-do lists. 

 

It's awfully easy to say,"I'll get around to that"...and then life happens, and you get busy,and guess what, you never really get around to it. In part, the reason my husband and I never got around to it is, we didn't exactly know what it was we needed to get around to. What questions should we ask an attorney? How much will this cost? Aren't we fine because our beneficiaries are listed on our accounts? 

 

Finally, one evening my husband and I decided to complete the Trustate Toolkit. My first thought when we began the Toolkit was, “wow, I need to get my act together!” The Toolkit allowed my husband and me to sit down and essentially comb through our lives.As we began using the Toolkit (before receiving our personalized recommendations) I already knew the outcome would be a lot to digest and we would likely receive a boatload of recommendations. I was right, four pages of recommendations later, I now have my list of to-dos. And as overwhelming as that may seem, it has provided me with clarity on what I need to do. I now have a solid list of recommendations I can use to categorize our estate planning. Things we can tackle on our own, things we need a lawyer for,and things we need to seek the advisement of a wealth manager. 

 

As I shared earlier, I am a person who loves checklists and neat little organized buckets. What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.

Read the Full Story

Lessons Learned from the Trustate Toolkit

What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.
Read the Full Story
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Lessons Learned from the Trustate Toolkit

Tara Faquir
What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.
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I see myself as a pragmatic and well-organized person and in 12 years of marriage, for whatever reason, it may or may not come as a surprise that my husband and I do not have Wills. Throughout our relationship, we bought and sold properties,built up our savings, retirement, and investment accounts, accumulated life insurance, but nothing too complex that would seem estate plan-worthy.

 

As co-founder and COO of Trustate, it may come as a surprise that my will is not complete. Every day I meet with clients struggling with the loss of a loved one and simultaneously trying to administer their loved one's estate. You would think this would be motivating in itself, but for whatever reason, drafting a will of my own has not been a priority. We don’t have children so there has never been a"life event" motivating us to get our affairs in order. Sure, we’ve talked about it, but for whatever reason, this daunting task continues to fall to the bottom of our to-do lists. 

 

It's awfully easy to say,"I'll get around to that"...and then life happens, and you get busy,and guess what, you never really get around to it. In part, the reason my husband and I never got around to it is, we didn't exactly know what it was we needed to get around to. What questions should we ask an attorney? How much will this cost? Aren't we fine because our beneficiaries are listed on our accounts? 

 

Finally, one evening my husband and I decided to complete the Trustate Toolkit. My first thought when we began the Toolkit was, “wow, I need to get my act together!” The Toolkit allowed my husband and me to sit down and essentially comb through our lives.As we began using the Toolkit (before receiving our personalized recommendations) I already knew the outcome would be a lot to digest and we would likely receive a boatload of recommendations. I was right, four pages of recommendations later, I now have my list of to-dos. And as overwhelming as that may seem, it has provided me with clarity on what I need to do. I now have a solid list of recommendations I can use to categorize our estate planning. Things we can tackle on our own, things we need a lawyer for,and things we need to seek the advisement of a wealth manager. 

 

As I shared earlier, I am a person who loves checklists and neat little organized buckets. What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.

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