An estate planning attorney, also known as probate lawyer or estate attorney, is highly experienced and certified legal professionals with a complete understanding of state and federal estate laws. They are knowledgeable about what assets you have, who those assets are owned by, and who must make the necessary decisions for your plan if you die without creating one. In short, they know your legal rights and can help you protect them from creditors and other entities. While this might sound scary, it is really better for your loved ones if you don’t pass away unexpectedly.
If you are having problems deciding what steps to take to protect your family and wealth, you should consult an estate planning attorney. An attorney can give you sound legal advice and can also help you determine the steps you should take to protect your family. You should not take any risks in terms of your estate by working with untrustworthy people, so you need someone you can completely trust. Finding a qualified financial advisor can be a good way to get started, and can also give you some peace of mind.
Many people find it helpful to hire an estate planning attorney when passing away because they already have a financial advisor. The financial advisor can give you a look at your situation and determine whether or not you should create an estate plan. Most advisors will not recommend a do-it-yourself estate plan, however, so you may want to ask your attorney which assets you should include in it. It is always better to have more assets than you need than to have less than you would like. This way, you can avoid probate and the fees that come with it.
These days, most people hire an estate planning attorney just after they have been married. This is because it is usually required by law for anyone who has to change their marital status to do so by getting a court order. Some people are still uncomfortable about the idea of having an attorney to take care of their money and assets, but there are really very few disadvantages to getting this type of legal advice. In most cases, the attorney will act as a mediator between the couple to determine what should happen to the assets during the course of their marriage.
The purpose of an estate planning attorney is not only to protect your family and loved ones, but to make sure that everything is done legally. They do this by assisting you in making decisions about your life insurance, retirement accounts, and other assets. If they determine that it is not safe to leave everything in the hands of your spouse, they can file for a stay of judgment to prevent the creditors from being able to take any of your property. They can also make sure that your tax returns are filed properly. If they determine that you should be paying your own taxes, you can hire an estate planning lawyer to walk you through the process.
Many couples have their own wishes about how their estates should be handled. While an estate planning attorney can help you sort out your wishes and find the law that will protect them, he or she cannot make those wishes come true. It is up to you to make those wishes come true. Hiring a lawyer will give you peace of mind that you and your spouse will be taken care of legally and that your wishes will be respected.
