Financial Advisors

A Comprehensive Guide by Woods & Bates, P.C.

The collaboration between legal and financial professionals is paramount in estate planning, real estate, and estate administration. At Woods & Bates, P.C., located in the heart of Illinois, we pride ourselves on our ability to work seamlessly alongside financial advisors and other professional advisors. This synergy is crucial in crafting holistic and effective strategies for our clients’ estate planning needs. This guide delves into how we engage with financial advisors, the benefits of this collaboration, and the resources we offer to ensure our clients’ financial security and legacy.

The Essence of Teamwork in Estate Planning

Our firm believes that a team approach to estate planning provides the most comprehensive outcomes for our clients. This team often includes Certified Financial Planner™ Practitioners, investment advisors, financial consultants, insurance professionals, Certified Public Accountants (CPAs), and tax advisors. Together, we create a cohesive strategy that addresses all facets of our clients’ estate planning goals, from asset protection and wealth management to tax planning.

Our Client-Centric Approach

We initiate our client relationships with a thorough onboarding process, which includes a short-form questionnaire. This step is designed to streamline the initial consultation, ensuring we can immediately focus on our client’ core objectives and concerns. Our initial meeting includes:

General Recommendations

Tailored advice based on the questionnaire’s responses and our knowledge.

Fee Transparency

We will provide a clear fee quote for the services we provide, ensuring no surprises down the line.

Retainer Agreement

This straightforward agreement outlining the scope of our services allows clients to review and sign at their convenience.

Implementation and Ongoing Communication

The implementation phase of estate planning is dynamic, requiring continuous dialogue between our firm, the client, and, often, the client’s financial advisors. This phase may involve:


Document Collection

Gathering additional documentation to support the estate plan.


Clarifying Goals

Continuously refine the client’s objectives based on new information or changing circumstances.


Exploring Options

Discussing potential strategies and their implications to ensure informed decision-making.

We utilize various communication methods, including phone, email, and in-person
meetings, to maintain clarity and progress throughout this process.

Document Signing and Education

A significant portion of our process is dedicated to signing estate planning documents. We empower our clients with a comprehensive understanding of each document they sign. This education process ensures clients are fully aware of the implications of their estate plan, fostering confidence and trust in their decisions.

Review and Maintenance of Your Estate Plan

At Woods & Bates, P.C., we understand that an effective estate plan requires ongoing attention and adjustment. To support this need, we proudly offer our Client Care Planning Program. This program is designed to ensure that your estate plan remains up to date with any legal changes and continues to align with your evolving financial and personal circumstances. Through regular reviews and open communication, our Client Care Program maintains the effectiveness of your estate plan, providing peace of mind that your legacy and financial well-being are well protected. Enrolling in our Client Care Program grants you access to dedicated staff, priority scheduling, and exclusive updates, enhancing our commitment to serving you throughout the lifecycle of your estate planning process.

The Virtual Dimension of Our Services

Embracing the digital age, Woods & Bates, P.C. offers virtual legal services, ensuring we can assist clients and collaborate with financial advisors regardless of geographic boundaries. This flexibility enhances our ability to provide timely and effective legal solutions.

Contact Us

For more information on how we can collaborate to serve your client’s needs or to schedule a consultation, please contact Woods & Bates, P.C. Our firm is based in Lincoln, Illinois, serving clients across the state with dedication and knowledge. Call us at 217 735 1234 or visit our website. Let’s work together to build lasting legacies and ensure the financial well-being of our clients.