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Yes, if you have an Estate. Almost, everyone has an estate. Your estate is everything you own. It is madeup of your home, car, saving accounts, investments, life insurance, other real estate, furniture, and personal possessions.Irrespective of the size of your estate, you cannot carry it with you when you die. The following are common family scenarios that warrant the need for an estate planning attorney: • Have children • Have a family member who is disabled • You are recently divorced • Have real estate in more than one state • Have no children • One or more businesses • Have a second marriage • Have lost a spouse recently • Want to leave all or some of your estate to charity • Have assets in 401(K) or IRAs When does the need for estate planning come into play? Put simply, Estate Planning is making a plan in advance and naming who you want to receive the things you own after you die with the least amount paid in legal fees, court costs and taxes. An estate planning attorney helps you in creating an estate plan and ensures that your wishes are recorded with proper estate planning documents. An experienced and qualified estate planning attorney can save you from lot of hassles. Factors to consider before finalizing an Estate Planning Attorney 1. Qualifications, Experience and Reputation. Estate planning needs specialized knowledge and experience. You should hire an estate planning attorney who focuses and is experienced in this field. Reputation of an attorney in the profession should also be given due weight. 2. Comfort Level You should be comfortable sharing your personal and financial details with your estate planning attorney. One way to find an attorney you are comfortable with is to have an initial free consultation with a reputable or recommended estate planning attorney. You can search for estate planning attorney in my area on the web. 3. Accessibility and Convenience. Accessibility and convenience toreach an estate planning attorney office should also be given consideration as you may need to travel to his office. Therefore, you should consider an estate planning attorney in your area. You should discuss different estate planning options and packages available with him. Estate planning cost varies depending upon the qualification, experience and reputation in the profession. An experienced and reputed attorney will charge slightly higher. Once an estate plan is created, you should review it regularly to update the existing estate plan document with any changes.These changes may be required by changes in law or due to significant changes in your life. Therefore, you should consider different estate planning attorney packages available with your attorney. Remember, the goal of a good Estate Plan is to safeguard and protect your loved ones. 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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