An estate planning attorney helps and guides you in choosing the correct options for maintaining your estate after death or in case of incapacity. An experienced attorney seeks to fully understand your desires and goals regarding the maintenance of your estate and other property and suggests ways to achieve those wishes.
Goals differ from person to person. While some people may wish to involve their children and family members in the maintenance of their estate, others may not. You may want to distribute your wealth and property in a specific way but are unaware of the best way to do so. A qualified estate planning attorney can not only describe the various options available but also see that your wishes are carried out according to law. Your estate plan must meet state guidelines in order to avoid hassles and expense down the road.
Here are some of the ways an estate planning attorney can help:
• Prepare a legally complete Property Power of Attorney;
• Plan to reduce or eliminate estate tax;
• Prepare a Will, and help manage the probate process with or without a Will;
• Establish a Living Trust to avoid probate and allow for management of assets in case of incapacity;
• Help avoid guardianship of the estate for minors or incapacitated persons;
• Pass property to your loved ones in the manner you wish;
• Ensure your property is appropriately protected from your inheritors’ creditors and predators;
• Assist in putting your brokerage accounts, retirement plans, insurance policies, business and partnership interests, debt and personal property into trusts or business entities; and
• Create irrevocable Trusts or other special types of Trusts.
An experienced estate planning attorney can help ensure the smooth and continued management of your estate, and just as importantly make sure your wishes are carried out.