5 Questions You Need To Ask Your Estate Planning Attorney
Estate planning is not something that people want because it is associated with death, but it is necessary to think of the next generation. Individuals who want to pass their assets to their next generation should make wise decisions.
Hiring the right estate planning attorney can make those decisions easier for those individuals. Aside from writing a will, these lawyers can help with financial, tax, and business planning.
Here are five questions to ask before hiring an estate planning attorney.
- What is your experience in dealing with estates and trusts?
The value of this answer will depend on the requirements. People should want to hire a lawyer who has been in the industry for at least three years.
- Do you offer a regular maintenance and updating program
For a small rate, some estate planning lawyers will provide an annual review or just a semi-annual review. It is necessary since there might be changes to taxes and laws, as well as to the person’s life.
- Can you help me give insurance to foundations or other charitable giving planning?
Giving can contribute to making the world a much better place for the future generations and for our children. The estate planning lawyer should work with the tax advisors and financial advisors to assist with foundations or charitable giving organizations.
- Will you be able to help me fund my properties to a revocable living trust?
Not all estate planning attorneys can assist to fund a trust. Assets should be titled in the client’s name while their still alive.
- How long will it take you to finish my estate planning project?
There is no rush in most cases.
Some people might think that estate planning is easy. Estate planning is one of the most complicated areas of the law. Many lawyers are working with estate planning. To make sure that you are hiring the right estate planning attorney, just ask these five simple questions.