What Kind of Lawyer Does Estate Planning?
An estate planning lawyer can draft a power of attorney (POA) and an advance health care directive (ADH). A power of attorney appoints someone to make decisions on behalf of a principal, who is not physically or mentally capable of doing so. The "principal" is the person who creates the POA. The power of attorney can be effective immediately or upon the principal's incapacity. It can also stay in effect even if the principal becomes incapacitated.
Although estate planning can be complex, it is worth hiring an experienced estate planning lawyer. Estate planning is more difficult than other legal issues. It requires dedication on the part of the client. An attorney who is able to provide this level of service will be the most suitable choice for your needs. It is vital to hire someone who has extensive experience in this field. A skilled and experienced lawyer can help you protect your assets so they last longer.
Do your research to find the right attorney for your estate planning needs. Many law firms charge a fee for initial consultations. During this time, the lawyer will review your estate planning needs and assess whether they are a good fit for you. If a potential candidate is willing to meet with you in person, you should ask for a quote before the meeting. Then you can decide if they are worth your time.
While many people use online estate planning services, it is advisable to hire a lawyer with extensive experience in estate planning. This way, the attorney will be able to provide you with the right advice. Documents should be accurate and in compliance with federal and state law. The attorney should be able to work with the different parties involved in the process and keep the plan updated. An experienced attorney can also help you with your unique financial or family situation.
An estate planning lawyer should be able to provide the right guidance for your case. They should be able to help you set priorities and put in place the necessary documents. A lawyer can help you with trusts and wills. If you have a strong family, there is no need to hire someone to create a trust.
An estate plan can be a simple document or a complex set of documents. For example, a will sets out how your assets will be distributed if you die. The executor of your estate is also named in a will. This person will manage your affairs after you die. A trust, on the other hand, creates a relationship between the creator of the trust and a third party. The trust's third party will manage your assets and distribute them to beneficiaries.
Matus Law Group | Estate Planning Attorney and Special Needs Trust Lawyer | Trusts Law Firm - New York City
222 Broadway Fl 22, New York, NY 10038, United States
(929) 412 1808