Guide to Hiring an Estate Planning Attorney |
If you want to have a will or trust made, you will definitely want to hire an estate planning attorney. These professionals are well versed in laws that pertain to how a person’s estate is handled after they die. It is important to choose the right attorney, as you will have lots of options. There are certain things that you’ll want to look for before making a final decision. The Role of an Estate Planning Attorney.
Estate planning attorneys create wills, trusts, powers of attorney, and comprehensive estate plans for their clients. These professionals also come up with effective ways to pass your assets on to your beneficiaries after you pass away and lessen estate taxes depending on the value of your estate. They also lay out the details for power of attorney, which gives instructions for what happens if you are mentally incapacitated.
How do I Find an Estate Planning Attorney?
There are numerous resources that you can utilize when trying to find the right estate planning attorney. You should make a point of checking with your local bar association to find a trustworthy professional for these legal services. If you have hired another type of attorney in the past, they may be able to refer you to one that does estate planning. There are most likely at least one or two organizations in your state that have a database of reputable attorneys.
Meeting with Candidates.
It is crucial that you meet with a prospective estate planning attorney prior to hiring them. Make sure that you ask them any questions you might have during these initial meetings. This will go a long way towards helping you to make the best choice. You can learn a lot about these professionals by meeting with them in person. It’s usually best to go with your gut once you have all the necessary information.
Cost of Hiring an Estate Planning Attorney.
It’s usually difficult to figure out the exact cost of an estate plan prior to speaking with an attorney to get a quote. Costs can vary depending on a few different factors like the location and size of the firm, and the size and complexity of your estate. Everyone’s estate planning needs are unique, so there is not a one-size-fits-all price for an estate plan.
Most estate planning attorneys will offer an initial consultation where you are able to ask questions and get familiar with the attorney. This also allows the attorney to get an understanding of your unique, goals, needs and the complexity of your estate so that they can give you a customized quote.
Make sure in your initial consultation you ask your attorney whether they charge a flat fee to create your estate plan, or if they charge hourly. Most experienced estate planning attorneys should be able to quote you a flat fee once they have an understanding of the complexity of your estate. However, some attorneys do charge on an hourly basis. Hourly fees can vary depending on what city you live in.
Important Things to Look for in an Estate Planning Attorney.
There are several key things that you’ll want to focus on when looking at various candidates for estate planning services. By considering these factors, you will be able to make the very best overall decision.
Focus in Estate Planning
It is crucial that you only hire an attorney who focuses in estate planning. This will ensure that they have the knowledge and experience necessary to meet your needs. While you can hire another type of lawyer for these services, it is not recommended.
Flexible Payment Policy
When you are evaluating different estate planning attorneys, you should find out what each one’s payment policy is like. As we mentioned above, some of these attorneys charge a flat fee, while others have an hourly rate. Getting this information upfront will eliminate the chances of any unpleasant surprises later on. The more flexible the attorney’s payment policy/model is, the better for you as the client.
Reasonable Time frame for Completion
You might not be in any hurry to get your will, trust, and/or power of attorney set up, but you still want an attorney who is efficient. This is particularly important if they are going to charge you by the hour. You absolutely want to get an estimate from each one as to how long everything is going to take.
High Level of Professionalism
It is also important that you choose an estate planning attorney who is highly professional. This means more than just wearing a nice suit and sitting behind a good-looking desk. You need to take note of their overall ability to clearly and effectively answer your questions. The attorney you hire should have an eye for detail and a robust knowledge of estate planning. They should ask you a series of questions to get a better idea of how to best serve their client.
The last thing you want to do is hire any attorney that doesn’t communicate clearly. They should explain everything in the simplest possible terms when you meet with them. A clear line of communication will ensure that everything goes smoothly throughout this process. Final Thoughts
When it comes to matters of your estate, you don’t want to leave anything to chance. This means hiring an Estate Planning Attorneywho is reputable, trustworthy and competent. The more time you spend reviewing your options, the easier it will be to make your choice. The right professional can help to ensure that your loved ones are taken care of after you are gone. This will provide you with real peace of mind. With all of the potential for mistakes and problems with these issues, you’ll need to find the right person for the job.
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About Author -Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , business law and elder law .Jim Turner does his best writing on these topics that helps users to find the best solutions to their FAQ on estate planning , probate , living trust.
About Author -Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , busuness law and elder law .Jim Turner does his best writing on these topics that helps users to find the best solutions to their FAQ on estate planning , probate , living trust and more about legal family issues .
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