You might not think about hiring an estate planning attorney until you really need one. But what exactly do they do, and how do you find one?
An estate planning attorney specializes in sorting out your affairs if something happens to you. They know all about estate and inheritance laws, helping to make things easier for your loved ones after you're gone.
What Does an Estate Planning Lawyer Actually Do?
These lawyers set up living trusts, find ways to lower estate taxes, and make sure your assets are safe for your beneficiaries. They can also prepare documents for someone to take care of your affairs if you can't.
How Much Does It Cost?
Fees may vary but overall, without proper planning, you stand the chance of losing far more money and headaches if you are not prepared. For what are you exactly paying? You're paying for their knowledge of estate laws and expertise working with the courts. He represents you!
Where to Find an Attorney
It can be difficult to find an attorney you are comfortable with and trust, especially since you’ll be revealing personal and financial information – and trusting them to do the right thing when you pass. Most people ask friends and family members for referrals. The state bar can be a resource too.
If you're a Nymeo member, don’t forget you have access to Estate Planning Attorney Douglas K. Thornton. More information is available here. Wills and Trusts - Nymeo Federal Credit Union
Category: Financial Literacy & Safety
