Planning For Your Future: Hire an Estate Planning Attorney
It’s important to have an estate plan. No one can forecast the death time, but one thing is sure: If we leave unanswered questions like whom do you want to leave your financial assets or belongings to? Or Are there specific assets you’d like to give to your spouse or children, problems for those we care could be even more difficult. That’s why estate planning is a crucial step that shouldn’t wait.
Why Estate Planning Is Important?
Estate planning can help you achieve a variety of goals and objectives, like –
Ø Preserving money or assets for future generations.
Ø Ensuring that specific person you choose can make decisions on your behalf in the event of your death.
Ø Providing financial support and stability for your spouse and children.
Ø Ensuring all of your belongings will be distributed according to your wishes.
It is, therefore, important to have an up-to-date estate plan to ensure all assets are transferred to your loved ones in the most effective and efficient manner.
Role of an Estate Planning Attorney
Estate planning can be a challenging process, but you can make it easier with the support of an expert and experienced estate planning lawyer. Depending on your situations, your lawyer may recommend that you create a trust or a combination of trusts to help achieve your goals and objectives:
Ø Who should inherit your properties and in what proportions?
Ø Who should be responsible for distribution your assets: Your Wife? Your Children? Or Relatives?
Ø Create your own rules for how property, money or valuables will be distributed and name a trustee to carry them out.
Talk with a qualified estate planning attorney in Los Angeles to determine what type of trust you may need. To find one qualified Estate Litigation Attorney in Los Angeles, you may want to
· Ask your friends, family members or relatives if they have the recommendation to make
· Contact your local or state bar association
· Be sure to review each attorney’s background and consider those who list estate planning, wills, and trusts as their areas of expertise.
· Select a lawyer who has devoted at least 75% of his/her practice to estate planning?
You should also choose someone who have state bar certification in estate planning and who offer a free initial consultation to discuss your needs. Also, it’s important to interview estate planning attorneys you’re considering to ensure that you feel comfortable with the expert you select.
Questions to Consider Asking The Estate Lawyer Los Angeles You Interview:
· Do you have probate experience?
· How many similar matters you have handled before?
· What are the estimated legal fees and are there any other fees? And much more.