Meeting with an estate planning lawyer is a crucial step in making sure your belongings end up where they should. Still, there are some details you should know beforehand so you get the most out of working with a lawyer.
By having the right knowledge, you can save a lot of time and get the best results. Here’s what you should take into consideration.
What You Plan to Do with Your Belongings
Estate planning lawyers are not mind-readers. They will help you create a strong will that will hold up in court, but you need to communicate your needs clearly.
Before talking to a lawyer, you should have a definite plan for your estate, businesses, and other possessions. Many lawyers charge by the hour, so you can save money by doing some planning beforehand.
Don’t worry about changing your mind later on. The will can be revised to include your latest wishes. What matters is you know what you want. The clearer your goals are, the easier it will be for the lawyer to help you.
The Role of the Estate Planning Lawyer
An attorney can help you create a will, but that’s not all that is involved in estate planning. Here are some of the services they might offer:
- Help reduce or eliminate estate tax.
- Help manage the probate process with or without a will.
- Pass your property and wealth to your loved ones in the manner you wish.
- Making sure your property is protected from creditors.
- Assist in putting your insurance policies, business interests, retirement plans, and personal property into trusts or business entities.
Talk to your estate planning attorney and ask about their full range of services. They might help in ways you haven’t considered.
Possible Additional Fees
While scheduling an appointment with an attorney, ask about their prices. Some may request a fee for the first meeting. Others may not.
Don’t expect the estate planning lawyer to give an exact sum over the phone. After talking to them and acknowledging all your options, your plans may change.
Still, getting a rough estimate based on the services you want should be possible. It’s how you make sure you hire a lawyer with reasonable fees.
The Importance of Reviewing Legal Documents
Wills, as well as business records, aren’t the type of documents you only work on once and never have to look over again.
Even if you don’t change your mind about certain aspects regarding the will, your assets need to be constantly monitored.
Without regular reviews, your documents and legal affairs might not be in order. You can’t afford to be taken by surprise because your wealth and assets may not end up where you intended.
Before meeting with your estate planning attorney, make sure they offer regular reviews of your documents.
During those reviews, the lawyer will offer you guidance on what actions you should take in the future.
Security of Your Assets
When it comes to the wellbeing of your loved ones, you need guarantees. After a plan is set in place and reviews are scheduled, you should rest easy knowing your wishes will be granted.
Talk to your attorney about possible risks and threats. You’ll want to make sure everything is in order. With experienced lawyers by your side, that won’t be hard to do.
We have served the Sturgeon community for over thirty years. If you would like our help preparing for the future, get in touch with us as soon as possible.
You can also call us at (780) 459-5596.