Estate Planning Lawyer
When planning for the future, it would be advantageous to hire an estate planning lawyer estate owner’s trust to help protect and distribute their assets.
While there are many benefits of hiring an estate planning lawyer, the following are a few benefits clients can expect:
Document Verification
An estate planning lawyer verifies all documents within the estate plan are eligible, and legal, following state and tax mandates. There are many various aspects of an estate plan including the living will, a plan for young children, medical directives, the power of attorney, and important retirement and bank account information. With years of experience, the attorneys and its specific laws regarding estate plans and tax considerations. They will ensure the estate plan is held accountable under state law and that it follows the proper tax guidelines, providing the owner with peace of mind.
Professional Guidance & Advice
An estate planning lawyer aids his or her clients in the entire process of creating and executing their estate plans. Although it may seem overwhelming to collect and create these documents for the plan, the estate owner may rely on their attorney to assist them with this process. An estate owner should not be expected to understand their estate plan entirely in the beginning, but with the aid of their estate planning lawyer, may feel confident that their plan is suited specifically for them, and their unique needs. When first establishing an estate plan, it is important for the owner to disclose his or her assets to their attorney. Those assets will then be divided how the owner sees fit, whether to family members, loved ones, charity, etc.
Professional Advocate
An estate planning lawyer will advocate for the estate owner and their beneficiaries if the estate’s will is contested. If for some reason the estate’s will is contested, and the beneficiaries are worried they may not receive their intended assets stated within the plan, an attorney will work with them and represent their needs legally if needed.
Critical support from a trusted professional
An estate planning lawyer acts on behalf of the estate and its owner. It is crucial that the estate owner and their estate planning lawyer have a trusted, professional relationship, and can communicate honestly with one another. The estate owner should feel comfortable discussing end-of-life care and other medical directives with their attorney while feeling supported with the choices they make. Although these medical decisions are extremely important for the estate owner and their plan, it may be difficult to understand what the options are, and how they will affect the owner’s family members. Working with an attorney, and letting them guide you through your various medical options should be a relief to estate owners.
Knowing that their future is planned out and that their loved ones do not have to carry the burden of making those end-of-life tough decisions is a benefit of hiring an estate planning lawyer.
Don’t wait to establish your estate plan before it is too late, reach out to a trusted estate planning attorney today!