While you may not want to think about what will happen after you die, it's a good idea to consider how your assets will be handled. The estate planning process allows you to determine what happens to assets, such as your property or investments after you pass. In addition, estate planning allows you to ensure that your loved ones are taken care of after your death and that your assets are distributed as you see fit. Often, working with an attorney makes this process a bit easier. Here's what to know if you plan to hire an estate planning attorney.
You Need A Specialist
When it comes to estate planning, a general lawyer won't be the best fit for your needs. Instead, you will want to look for an attorney that offers estate planning services and is well-versed in the estate laws in your state. Estate planning lawyers specialize in creating legal documents that protect your assets and ensure your wishes are carried out after you pass away. An estate planning attorney can also assist with other estate planning aspects, including tax and retirement planning.
Comfort Matters
While estate planning may seem straightforward, it can sometimes become emotionally fraught. Therefore, finding an estate planning attorney you are comfortable working with is vital. While planning your estate, sharing personal information with your attorney, including financial details and family relationships, is necessary. Make sure you feel comfortable with the estate planning attorney you choose. Shopping around and interviewing a few different attorneys until you find the best fit is a good idea. Going on a few consultations with potential attorneys will help you understand who will be best suited to help you plan your estate.
How Much It Costs
How much an attorney charges for their estate planning services depends on your estate's complexity, which services you require, their experience level, and many other factors. Make sure you discuss fees and payment arrangements before committing to an attorney so there are no surprises later on. Some attorneys charge a flat fee for their estate planning services, while others charge by the hour. Generally, an experienced estate planning attorney will charge around $250 to $350 per hour for their services.
There are a few things to know when hiring an attorney to handle your estate planning needs. First, finding an attorney that specializes in estate planning is vital. Second, you want to hire an attorney you are comfortable working with. Finally, consider the cost of estate planning services before committing.
Contact a local estate planning attorney to learn more.
