If you are looking for an estate planning attorney, you should find a lawyer who focuses his or her practice on estate planning. Whether you have an estate worth hundreds of thousands of dollars, or millions, you need the services of the right professional in order to avoid future legal complications.
First, it's good to get a high-level view of what an estate planning attorney does for a living. An estate planning attorney focuses their practice on will, trust, and estate law.
They help individuals create comprehensive, legally binding plans that help you transfer your assets to your family in the most efficient way possible, protect your family in case you become incapacitated before you die, and preserve the value of your estate by minimizing estate taxes in accordance with state and federal law.
If cost is a big issue when it comes to finding a competent and highly specialized estate planning attorney, look for one who provides flexible payment options. Some charge by the hour, while others will charge a flat fee.
An experienced estate planning attorney should be able to give you a flat fee quote after your initial consultation.
Additionally, some attorneys will offer you the option to pay overtime which helps reduce the upfront cost. Estate planning is an important event in your life. Make sure you thoroughly understand what goals you are trying to achieve with your estate plan.
Will, trust, and their law can be complicated and change depending on the state you live in. For this reason, it's important that you work with an experienced Attorney who focuses their practice on estate planning.