An Estate Planning Attorney can help you make sure that your assets pass to the right people at the right time. They can also help you minimize estate taxes. They can also help you decide whether to leave your entire estate to a spouse or other relative or to divide it amongst your children and other beneficiaries, if that’s what you want.
They can also help you if you have to go through probate, which can be expensive and time-consuming. They can also help you set up a trust that will protect your assets from lawsuits and creditors, as well as provide other benefits for you and your family.
You should look for an estate planning lawyer who specializes in the type of work you need done. For example, if you have kids or other family members who need assistance with the care of their health, you’ll need an estate planning lawyer with experience in drafting a special needs trust.
The best way to find a good estate planning attorney is to ask around for referrals. You may want to consult with friends and relatives or check out your employer’s legal plan benefits, which can connect you with a network of attorneys for a low monthly fee.
If you’re looking for an estate planning attorney in Chicago, Illinois, it’s important to find one that is highly experienced and knowledgeable. They should be able to explain everything in clear terms and ensure that you understand everything that’s going on.
They should be willing to take the time to answer any questions that you have, and they should be available to meet with you at reasonable hours. They should also offer you a free consultation, so that they can get to know your situation and see if they’re the right fit for you.
In addition, you should find out how long they’ve been practicing and what kind of education they have. Then, you can check out their credentials and reviews online.
You can also talk to the local bar association and your state bar to find out who is licensed to practice law in your area. They can also give you a list of attorneys who specialize in estate planning, as well as other types of legal services.
Once you’ve found an estate planning attorney who suits your needs, it’s time to start working together. They’ll need to gather your financial documents, titles, and insurance policies.
This process can be time-consuming, but it’s essential for your peace of mind that all the details are arranged properly. This will also help your estate planning attorney catch any mistakes or gaps in your plan.
You should also prepare a list of your goals, which will help your estate planning lawyer design an estate plan that’s tailored to your specific needs and preferences. Some common goals for an estate plan include minimizing estate taxes, protecting your family from creditors and lawsuits, and distributing your assets to your children or other loved ones in the most tax-efficient manner possible.
