Many people put off planning for the future because the process appears overwhelming. However, they want to ensure their loved ones are cared for when they are gone. How can they make certain this is the case?
Many underestimate the complexity of understanding wills and trusts. They make costly mistakes, or the documents don’t reflect their wishes. Working with an experienced estate planning attorney reduces the risk of these issues.
The attorney guides them through the different options and helps them choose those most appropriate for their situation. Creating a tailored solution helps protect the individual’s assets while reducing the risk of disputes. The professional understands the intricacies of estate law and will explain them in a way clients can understand.
What Does a Will and Trust Attorney Do?
Will and trust attorneys create legal documents that safeguard a person’s estate while ensuring their assets are distributed as they desire. The attorney prepares a will, trust, or other relevant document to do so. This document outlines the person’s desires so there is less confusion when the creator passes.
Before drafting this document, the attorney meets with clients to learn their wishes. They draft the documents to ensure these wishes are fulfilled and that they comply with all legal requirements. In doing so, they ensure the client’s assets are protected and that heirs will pay minimal taxes.
The attorney advises the client on which beneficiaries to select for assets and accounts, provides legal support and guidance, and their work doesn’t end when the client dies. The attorney remains available to beneficiaries to resolve any disputes that arise.
Why Work With a Will and Trust Attorney?
Will and trust attorneys protect clients’ assets by using various strategies to ensure the deceased party’s wishes are honored. Their work reduces the risk of disputes and families being torn apart.
Choosing an Estate Planning Attorney
Men and women must know what to look for when choosing an estate planning attorney. They need a licensed attorney with experience in estate planning. A person might be tempted to work with the attorney they have used for other matters, but doing so is not wise. They need someone who understands the nuances of wills and trusts.
Research the reputation of any attorney being considered. Check reviews, ratings, and testimonials to learn about their work. Ask about the fee structure, and spend time learning their approach. If an attorney cannot explain things in plain English, it’s best to choose another lawyer to reduce the risk of misunderstandings and problems in the future.
Have the attorney explain the estate planning process. Discuss how long the process will take and what documents might be needed. Finally, discuss how they will address conflicts among beneficiaries and whether they provide ongoing support. A person’s wishes may change over time, and the attorney should be willing to help the client update the plan.
Every person should consult an estate planning attorney. People might assume they don’t have enough assets to need this professional. However, the estate planning attorney can maximize their assets and ensure beneficiaries receive the maximum amount. While a will and trust attorney can help create documents, the estate planning attorney assists clients with tax strategies and investment advice to maximize their wealth and increase the amount that can be passed on to heirs. The individual will have peace of mind knowing their loved ones will be cared for when they are gone.
