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Estate planning is a complex and highly regulated field of law that requires the expertise of a skilled estate planning attorney. Although having an experienced attorney on your side can help you protect your assets, plan for the future, reduce taxes, and ensure that your wishes will be honored after you pass away, it can be very challenging to decide if it makes sense to hire an estate attorney, especially if you don’t know when it’s truly necessary.
Who Can Benefit from Working with an Estate Planning Attorney?
Anyone with assets or sizable wealth can benefit from working with an estate planning lawyer. If you have real estate property, investments, life insurance policies, retirement accounts, or other assets to consider, then having the guidance of an experienced attorney is essential. An experienced estate planning lawyer can help you decide which type of trust best fits your needs to preserve the assets for your beneficiaries or heirs. They can also advise on any tax implications associated with leaving assets behind in the event of death.
How Much Does It Cost To Hire An Estate Planning Attorney?
The cost of hiring an estate planning lawyer varies depending on the complexity of your case and any special needs you may have. Many attorneys offer free consultations to learn more about your situation before giving a price estimate. Take advantage of these consultations and use them as a time to ask important questions such as their service rates, what type of payment plans are available, and how long they expect their services to take before signing any contracts with them.
What Should I Expect When Working With An Estate Planning Lawyer?
When hiring an estate planning lawyer, you can expect personalized service tailored to your needs and goals. The process typically begins with a consultation where the attorney will gather information such as:
- Assets owned
- Debts owed
- Family members who may need to be taken into consideration
This helps them better understand your situation and create a customized plan for their clients. From there, the attorney will draft documents such as wills, trusts, and other legal documents that reflect your wishes concerning inheritance and asset distribution upon death or incapacitation. The attorney will guide you through every step of this process so that all appropriate documentation is filed correctly for their plan to be legally enforceable by law upon completion.
We Can Help
Hiring an experienced and dedicated estate planning lawyer is essential to ensure that all legal aspects are taken care of properly regarding preserving your assets after death or incapacity occurs. Here at Bolt Law Firm, we have a team of professional estate planning attorneys who want to be on your side. With years of experience in the field, we know what it takes to be your guide successfully. Let us help you.
Contact us today at (763) 292-2102 or visit us online to schedule your free consultation today!