Having an estate planning attorney can be an invaluable asset. A tax planning attorney can guide you through the process of setting up a living trust, writing a living will, and setting up a health care proxy. They can also help you with things such as identifying the documents you need, protecting your assets, and executing your wishes when you are no longer able to. These are all important steps to take when planning for your future. A living will is a legal document that expresses your wishes for medical treatment and end-of-life care should you become incapacitated. It can also specify your wishes for pain management, artificial nutrition, and CPR. It can also be used to name a healthcare proxy. It is important to update this document as your family circumstances change. A living will is one of the most important documents you will need in an estate plan. It is important to make sure that your loved ones will be taken care of in the event of your death. They are also important for business partners who may need help with succession planning. They can also be useful if you have a spouse or children who have special needs. There are many estate planning attorneys to choose from. Some attorneys charge an hourly fee, while others offer a flat rate for estate planning packages. The amount that you pay will depend on the size of the firm, the attorney's experience in estate planning, and the location of the firm. A large firm may charge a higher fee than a smaller firm. An estate planning attorney can also help you find the documents you need. It is not uncommon for people to forget to make copies of important documents such as financial records, tax forms, and insurance policies. By having an estate planning attorney, you can make sure that these important documents are properly saved and stored. A scanner and cloud storage can also help you save copies for easy access. The Klug Counsel experts can also help with estate administration documents such as wills, trusts, and power of attorney. This can be a confusing process, and an attorney can make it a little less intimidating. They can also help you put together a plan that fits your needs and budget. A living will is also a good way to make sure that your wishes are carried out after you are no longer able to make them yourself. They can also make recommendations about how to distribute your assets. This may include setting up a trust that will allow your money to pass to a minor child at your death. An estate planning attorney can also help identify the best insurance policy for your family. This can help ensure that your loved ones are taken care of in case of illness or accident. They can also help you set up a healthcare proxy, a document that allows you to choose who will make medical decisions on your behalf. You can learn more about this topic here: https://www.dictionary.com/browse/lawyer.
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