What Can an Estate Law Attorney Do For You?
Having a good estate law attorney is important if you're looking to organize your affairs and designate how you want your possessions and assets to be distributed once you've passed away.
Unfortunately, a lot of people neglect to work with an estate lawyer and end up creating a big mess for their surviving loved ones and beneficiaries. You should learn what you can now about the details of working with an estate lawyer to determine if it's time for you to arrange an appointment to get to work on your state. The following are a few common questions about estate lawyers as well as their answers:
1 - What tasks does an estate law attorney carry out?
An estate attorney can be hired by an attorney for a variety of reasons. In many cases, clients will hire this type of attorney in order to draw up a last will and testament to lay out how asset will be distributed.
Another thing an attorney may do for a client is create a durable power of attorney that will designate who will take control of the client's financial matters and other important decisions if the client becomes incapacitated due to injury or old age.
Estate attorneys can also advise clients on tax matters. They can also create a trust for the client or make changes to any beneficiary designations the client has set out for an existing will.
2 - Who needs an estate law attorney?
Anyone who has assets to leave behind to survivors can benefit from the services of an estate attorney. Clients need to understand that emergencies can happen at any time and even younger clients can benefit from creating a will so that there is no confusion or complication regarding assets when they pass away.
3 - How can I find a good estate law attorney?
You need to work with a reliable and experienced estate law attorney to make sure that your financial affairs are handled properly. There are numerous ways you can find an estate law attorney to help with your situation.
You could do an internet search to find different estate lawyers practicing in your area. If you do this, it's a good idea to look into any reviews the attorney has and make sure the attorney has a track record of satisfied clients.
You can also consider asking around with acquaintances and friends you have to see if they can recommend a good estate attorney to you. If you have a coworker or contact who has been talking about having his or her will drawn out lately, you might want to ask which lawyer is handling the work to get a recommendation for someone who can help you as well.
4 - What are the consequences of not hiring an estate law attorney?
Neglecting to have your financial affairs and desires detailed before you pass away can create a lot of problems for your survivors. Without a clear will, your assets may not be distributed according to your wishes after your death. This could mean that beneficiaries and survivors you wish to support will not benefit from the assets you leave behind.
Another consequence of failing to lay things out with the help of an estate lawyer is your estate could end up in probate so that your beneficiaries won't get their inheritance from your estate quickly. Estate law attorneys typically devise things to avoid probate and make it so that survivors inherit their portion of the estate as quickly as possible after the client passes away. Therefore, working with an estate law attorney is especially important if you have children, spouses, or others who will be depending on your estate to live off of after you pass away.
5 - How can I prepare for a meeting with an estate law attorney?
There are a couple of things you'll need to do after you set up an appointment with an estate law attorney to prepare for your first meeting. You should gather any financial records you have so that you can clearly explain and detail your financial situation to the attorney. You also need to take some time to think about what exactly you want to the attorney to do for you and how you want your assets to be distributed.