If you want to ensure that your healthcare decisions and final property distribution are carried out according to your wishes, you need an estate planning attorney. The right attorney can save you time, money and heartache. The article below discusses the key functions of an estate planning attorney and how to find the best one for you.
Why You Need an Estate Planning Attorney for a Secure Future
The primary function of an estate planning attorney is to draft legal documents including wills, trusts, power of attorneys and healthcare directives that articulate an individual’s wishes regarding the distribution of assets and personal care in the event of death or incapacity. An experienced attorney is familiar with state-specific laws and regulations that influence how estates are managed and distributed and ensure that legal documents align with these requirements.
A competent attorney also helps individuals minimize the amount of their estate that is subject to probate court proceedings. Probate is a public and lengthy process that can cause delays in the distribution of assets to beneficiaries. An estate planning attorney can help families avoid this problem by advising on best practices for asset management and transfer, such as creating a living trust.
An estate planning attorney should be willing to take the time necessary to understand an individual’s personal situation and needs. This includes identifying all assets, reviewing potential tax consequences and evaluating beneficiaries. In addition, an attorney should be able to explain complex issues in a way that is easy for the client to understand.