Why is it important to have an estate lawyer and how to find a good one?
Now that 2022 is here, it is the perfect time to evaluate your goals and plans for the future. Allow positive new year vibes to inspire you to take stock of your life. After all, putting your affairs in order accords the most peace of mind. If you have a family who relies on you, you may be thinking of preparing your will to discuss the possible distribution of assets, along with your preferred funeral services so they have nothing to worry about.
You are not courting disaster when planning a funeral ahead. Instead, this assures that everything will be done in accordance with your wishes. After all, death is an inevitable part of life. Instead, making advanced preparations give you an assurance that your family is well taken care of in case of your sudden demise. Choosing a lawyer to plan your estate is the first step in the process.
Finding the Right Fit For Your Needs
It is vital to find a reputable law firm as they have to carry out essential responsibilities that must remain binding even after you have passed. First, they will draw up your will for asset allocation. This pertains to how your property will be managed once you pass away. Remember, dying intestate puts more of your assets at risk, as the government will tax property, and your heirs may eventually fight over them. This is certainly not the kind of legacy you want to leave behind.
Besides, if you want them to do so, they can also help you draft a living will and help execute powers of attorney. Whether it’s implementing a do not resuscitate agreement, assigning an executor, or dividing stock options, your lawyer will do it all. Your chosen firm is an ally that will walk you through vital life decisions. You cannot find a one-size-fits-all will because every person and family is unique.
Finding Good Resources Via Recommendations
When it comes to choosing your legal ally, it can feel overwhelming. You’re bombarded with online ads, commercials, and billboards. Remember, this is not a popularity contest. The key is to assess your needs to find the right legal advocate. You can start with personal recommendations from a family member, friend or colleague. Perhaps, you have a client, supplier, banker, or financial advisor who has access to industry partners.
You can also search online resources and directories for a firm that specializes in estate planning and family tax laws. Read online reviews and client testimonials. Although most lawyers can draw up a simple will, it will help to work with an expert in this area. This will make your estate planning much more seamless.
Interviewing Different Prospects Before Making a Choice
After finishing your research, narrow down your prospective lawyers into three to five. Speak with each of them before finalizing your choice. It is vital to conduct separate interviews for each so you can ask them questions. Find out how long they’ve been in this niche. Longevity in this industry is a good indicator of competence.
More importantly, ask who will be handling your case. Will it be a partner or a paralegal? Again, it is prudent to know ahead. Finally, don’t be shy to ask about billing, such as if they charge a flat rate or per hour. You also want to know if the lawyer can update your will in the future if the need arises.
Opting to Work with Someone You Trust
Preparing your estate and making end-of-life preparations is a very sensitive and personal task. Therefore, you need an honest lawyer because this person will become privy to intimate knowledge about your family affairs and finances. Thus, it is vital to work with someone you are comfortable with.
If you cannot trust a person, you will not feel at ease discussing personal matters. The right estate lawyer will take the time to get to know your family, along with the potential executor of the estate. When you have a good person and honest professional at your disposal, you have someone who understands your motivations and what your goals are in the future, allowing you to execute them without glitches.
Giving Guidance and Hope From Beyond
Getting in touch with an estate planning attorney is one of the most important decisions you can make to ascertain a great future for your loved ones. Apart from that, getting final expense insurance and making funeral arrangements will also unburden the people you love in case of your sudden demise. It is comforting for loved ones left behind to know they are following your wishes.
Remember, it is not morbid to plan ahead, but it is a selfless act that shows your high regard and concern for those you will leave behind. Your absence will be greatly felt, but with a will in place, it’s as if your voice is there to guide your family on what to do next. Even if you are not physically present, you still play a huge part in offering comfort and giving support when you have a will planned ahead. This will give your family hope and allow them to heal and move on.
