Many people don’t think about estate planning until they face a health issue or a death in the family. However, having a sound estate plan in place may ensure that your ultimate wishes are honored and that you don’t leave behind any legal problems that might burden your dear ones.
If you need legal assistance with real estate law, contact a real estate law attorney. A real estate law attorney can help you with various legal issues related to real estate, such as buying or selling property, landlord-tenant disputes, land use and zoning issues, and more.
Why Hire An Estate Planning Attorney?
Lawyers for estate planning assist their clients in making arrangements to distribute their assets after death. This entails drafting legal documents like powers of attorney, trusts, and wills. They also assist with probate, the legal procedure for allocating a deceased person’s assets. Having a lawyer to guide you through the probate procedure can be quite beneficial because it can be a drawn-out and challenging process.
How Will Different Attorneys Help People?
Real estate law attorneys deal with any legal issues arising from buying, selling, or leasing property. If you are planning on buying or selling a home, you will need to consult a real estate law attorney to ensure everything is done legally and correctly.
Family law attorneys deal with any legal issues that arise from family relationships. You must consult with a family law attorney if you are going through a divorce or a child custody battle.
Criminal defense attorneys deal with any legal issues that arise from being charged with a crime. If you have been accused of a crime, you will need to consult with a criminal defense attorney to build a strong defense and protect
How Can I Choose The Best Estate Planning Attorney?
You might wonder how to choose the best lawyer if you’re considering estate planning. When looking for a real estate law attorney, bear the following in mind:
- Are estates their area of expertise?
- Does the American Bar Association accredit them?
- Is their license still valid?
- Which languages are they fluent in?
- How much does each hour cost?
- Will there be no upfront fees for the initial consultation?
What Factors Should You Consider Before Hiring An Estate Planning Attorney?
Before selecting an estate planning attorney, you should be aware of a few factors. You can form wills or trusts that specify how your assets will be dispersed after your death with the assistance of an estate planning attorney. Additionally, some estate planners specialize in assisting clients in making advance directives and power of attorney forms to help them prepare for care in their later years.
Wills And Trusts: Types
Wills and trusts come in various forms, each with its guidelines. Speaking with an estate planning attorney is crucial to decide which will or trust is best for you. Holographic wills are the simplest types and must be written by the testator by hand. The testator must sign a holographic will in the presence of two witnesses so that they may attest to having seen the act. A holographic will is said to be “simple” if it lacks assets. It is seen as being complex if a will includes assets like real estate, stocks, or bonds. Other wills type include Joint wills, which distribute assets equally among all heirs, and payment on death (POD) beneficiary designations on accounts provide the direct transfer of assets from one account holder to another without first passing through a probate court.
When Do You Need A Lawyer For Estate Planning?
To protect your assets and ensure that your final wishes are carried out, you might require the assistance of an estate planning attorney if you have a complicated financial situation, run a business, or have significant assets. An estate planning attorney can assist you in drafting a will or trust, even if you have a limited amount of money or assets, to ensure that your loved ones are cared for after your passing.
Are Attorneys For Estate Planning And Probate The Same?
Estate planning attorneys assist you in drafting a will and trust that will ensure your assets are transferred according to your preferences after death. A deceased individual’s estate is settled with a probate attorney’s assistance. Although the two categories of lawyers are similar, there are some significant variances. For instance, a probate lawyer is concerned with settling the affairs of a decedent, while an estate planning lawyer is focused on drafting legal documents for those still alive. Always consult an estate planner and a probate lawyer before making any decisions on your estate plan to ensure you’re selecting the best legal representation for your needs.