A reason to have Olsen Law Group review your estate planning

Attorney Tom Olsen: Tell you about a client I had last week. He was a medical doctor, and he's had a long time practice here in the state in Orlando. He's had a office administrator that's been with him for over 20 years. He credited her with a large part of his financial success and operating this office. As you might imagine, we've got some people around here like that as well. He had accumulated quite a large 401(k). To reward her for that, he wanted her to have a part of that 401(k). Before he came to see me a year ago, he did a homemade will. In that will, he says, "I want her to get 30% of my 401(k)," thinking that would be just fine, no problems there.

Of course, what I told him was is, "Hey, what happens? Your 401(k) is not governed by your will. It's governed by how you filled out your beneficiary designation form with the 401(k) administrator." He was completely surprised. He got it, but he just, "I never thought about that, Tom."

Attorney Chris Merrill: As most people don't.

Attorney Tom Olsen: Yes. Folks, what we're saying is is that we do estate planning for people on a day to day basis. Things that are so elementary and basic to us, average layman out there, I guess doesn't realize. They're just unaware, uninformed. That's what we're here to help you with, folks. That is that we hear your story. We get an understanding of what your assets are. We get an understanding of who your potential beneficiaries are, and we help you create a plan and put that plan in place and make sure it's going to happen and avoid probate while we are it.

Attorney Chris Merrill: Exactly. We are about keeping it simple.

Attorney Tom Olsen: Yes. Folks, we do offer a free initial consultation and talk about your estate planning. Hey, there's a good deal. Whereas historically, we do that initial consultation in person. We're still welcome you to do it that way, but if you want, we can do it over the phone. Couldn't be simpler. This is the time of year for New Year’s resolutions, folks. Hey, Olsen Law Group in Orlando. We would love to offer you a free initial consultation. If you've got an existing will or a trust, pull it out. We'll do a free review of that for you. Make sure it's still serving you as you expect it to. Call the Olsen Law Group in Orlando next week, 407-423-5561.