Estate planning is a difficult task for many, but it is also one of the most important things you can do for your loved ones. An estate administration attorney can help make the process of planning your estate easier.
When planning your estate you will need to consider fiscal matters that apply now and after your life are over. You need to make sure assets are managed prudently and that your loved ones will receive their inheritances without incident.
Any lawyer can help you draw up a straightforward and basic will, but it is best to work with an experienced estate administration attorney. That way, you will know your situation is handled properly and that all issues are addressed and not left for your family to deal with after you are gone.
If you are planning a meeting with an estate administration attorney, plan to ask the following questions:
Is your practice primarily focused on estate planning?
Though it is not necessary to work with someone who only does estate planning, you are better off choosing an attorney who considers it his or her specialty. This way you know you are getting the expertise of someone who spends the majority of his or her time working in the estate planning industry.
How much experience do you have with estate planning?
It is important to find out how long the attorney has worked in the industry and how many different estates they have helped with. In most cases, the more experienced an estate administration attorney the better, but it is also acceptable to choose someone with moderate experience who seems to fit your needs.
How many estates have you settled after clients have passed?
In addition to helping you arrange your estate while you are alive, you will want to work with someone who can help your family after you are gone. Working with one attorney makes for the smoothest and most hassle-free settlement.
What are your fees?
It is important to know how much you will need to pay an estate planning attorney now and whether or not additional money will be due once you are gone and it is time to settle your estate. Ideally, you will want to take care of all the costs in advance, but this is not always possible. A good estate planning attorney can explain your options and help you determine the best way to handle fees. Also make sure you understand what the fees you are charged entail.
Does your work include changes or a lifetime guarantee?
Many estate planning attorneys offer a lifetime service guarantee, which means they will assist you with making changes to your estate plan if anything changes. Life is fluid and there is no telling how things will look in your life in 10 or 20 years. Working with an estate administration attorney who will conduct periodic reviews of your estate and help you with changes can alleviate headaches and unexpected issues later in your life and after you are gone.