The Importance of Estate Planning Attorneys in Protecting Assets

Getting an estate planning attorney is an important step in making sure that your family and friends are cared for after you are gone. Estate planning involves making sure that your assets are protected and that your wishes are followed. An attorney will also help you with retirement plans and charitable contributions. In addition, you may have a need for a special type of attorney, such as one who specializes in elder law or international estate planning. Check on Glen Burnie estate planning

Estate planning is an ongoing process. As laws change, it is important to keep your plan updated. You may have to make adjustments in your plan in the future, or your assets may need to be transferred. An attorney can help you determine how much of your estate is subject to estate taxes and create an estate plan that will help you minimize those taxes.

An attorney may charge you an hourly rate, or a flat fee. The rate will depend on your needs, as well as the attorney’s experience. You may also need to pay a retainer, which is a set amount of money that is put up in advance to cover attorney fees.

Some attorneys offer a free initial consultation. This is designed to determine if you are a good fit for their services. Other attorneys may charge a flat fee that includes the creation of all of your estate planning documents. You may also be asked to pay additional fees if your estate plan requires a lot of work.

You can research attorneys online, and you may also ask friends and family for recommendations. It is also helpful to check out the websites of local bar associations and the state bar association. These sites will have lists of attorneys in your area. You can also check out television advertisements and other media for estate planning attorneys. It is also a good idea to ask if an attorney can offer a free consultation, as well as how long a free consultation will last.

An estate planning attorney should have experience, a graduate degree, and years of practice. An attorney may also have additional certifications, such as an estate planning MBA or a CTEP.

An estate planning attorney should be willing to listen to you and answer all of your questions. They should also be willing to make you feel comfortable. This will make the process easier. You can also look for an attorney who has a strong client review.

Estate planning attorneys will advise you on the appropriate type of trusts to use, as well as the best ways to save taxes. They can also advise you on how to prepare for mental disability, and how to make sure that your final health care wishes are followed.

A good estate planning attorney will also advise you on how to prepare for the inevitable death of a loved one. They will help you plan the funeral, as well as how to distribute your assets.

Contact Info :

Chesapeake Wills & Trusts
7310 Ritchie Hwy #900
Glen Burnie, MD 21061
Phone Number : (410) 590-1900