Thinking about your estate plan can be challenging and considering what happens to your family after you are gone is often even more challenging, which is why estate planning can easily get pushed off to another day, week, or year.
However, ensuring that your assets are properly managed and distributed after you have gone is extremely important for your family.You want to ensure your wishes are carried out without any question as to how you chose foryour assets to be passed down.
Navigating an estate plan is not alwayseasy. Hiring a seasoned estate planning lawyer can help and is beneficial for a variety of reasons, including:
However, prior to hiring an estate planning lawyer, you should interview him/herand ask several important questions in your initial consultation.
The following are three questions you should ask your potential estate planning lawyer to learn if they are a good fit for you and your needs.
There are several different areas of law, so it can be highly beneficial to ask the attorney if their primary legal focus is on estate planning. The answer should be yes, or he/she should at least have substantial knowledge and years of experience in estate planning, if they specialize in additional areas of law.
Not every lawyer will execute your estate plan; some will only draft the documents. Depending on your wishes, this could be ideal if you have someone else in mind who you want to execute it.
If not, having an attorney who can draft and execute your plan is extremely important for most individuals. Likewise, not every attorney will periodically review your estate plan to update it with important life, legislative, or financial changes that have occurred. Be sure you inquire about this as well.
Estate planning can be complex and can include wills, trusts, advance directives, powers of attorney, and more. When you are vetting individuals to find the best estate planning lawyer for your needs, you should ask if they are knowledgeable about all the aforementioned documents so that they can help you create a comprehensive estate plan.
Every estate plan is different, and you need an attorney who can help you create the best plan for your estate when you are no longer able to manage it.
With over 26 years of experience in Estate Planning, Succession Planning for Businesses, Guardianship, Probate, and Tax Law, the Law office of Audra Simovitch can help you create and manage your comprehensive estate plan. Contact us today to get started.