Whether you're a single person with a few assets, or you're part of a large family with several kids and grandchildren, you need to take the time to create an estate plan. This will ensure your assets pass to the people you want them to go to. There are a number of things you should consider when hiring an attorney to plan your estate. First, you'll want to ask a potential attorney what their hourly rate is. You might have to pay a retainer to cover the costs of planning your estate, but many attorneys offer free initial consultations. Another good idea is to check out the websites of local and state bar associations. These are likely to have lists of attorneys, and you can also ask friends and family for recommendations. You can also search for an estate planning attorney through a lawyer directory, such as FindLaw. An estate planning attorney can help you prepare a will, establish a trust, or update your estate plan as your life changes. They can also make sure that your estate documents are legal and valid. They can also help you save on taxes. An estate planning attorney can also make sure that your wishes regarding your final healthcare are met. He or she can also help you choose a guardian for your minor children and name beneficiaries of your estate. They can also assist you with succession planning if you own a business. Estate planning attorneys can charge a variety of fees depending on the size of the law firm, the amount of work involved, and the experience of the attorney. For example, a simple will may only cost a few hundred dollars, while a complex document may cost a few thousand dollars. You should also keep in mind that there may be longer term fees involved if you need maintenance or help with your estate after you die. The most important thing to remember when choosing an estate planning attorney is that you should feel comfortable talking to them. Your estate planning attorney should take the time to listen to your concerns and make you feel comfortable. This will make the process go more smoothly. You should also ask for a quote before your first meeting. An estate planning lawyer will offer a free consultation to help you determine whether you need their services or not. The best estate planning attorney will help you get your affairs in order and ensure that your assets are distributed as you intend. They can also help you set up a charitable trust, which can give you tax breaks. They can also help you protect your assets from Medicaid. An estate planning attorney will be able to tell you about the different options available to you, and they can recommend the best plan for your situation. They can also help you make sure that your documents are enforceable, which is a great step toward peace of mind. Check out this post: https://www.encyclopedia.com/social-sciences-and-law/law/law/attorney that has expounded on the topic.
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