What is an Estate Planning Attorney?
An estate planning attorney is a lawyer who specializes in helping individuals and families plan for the transfer of their assets and wealth after their death. The estate planning attorney’s role is to help clients create a comprehensive plan that addresses their financial, tax, and personal goals. An estate planning attorney should always take into account the specific circumstances and needs of their client. An estate planning attorney typically work with clients to create a range of legal documents specific to the clients needs. The estate planning legal documents typically include wills, living trusts, power of attorney, and health care directives. These legal documents are designed to protect their clients assets, provide for loved ones, and ensure that the client’s wishes are carried out after their death. In addition to drafting estate planning related legal documents, an estate planning attorneys may also advise clients on tax planning strategies. An estate planning attorney also helps those who are dealing with the loss of a loved one by assisting with the probate process, and providing representation in court if necessary.
How much does a typical estate planning attorney charge?
The cost of an estate planning attorney can vary significantly. The cost typically depends on a number of factors, including geographical location, complexity of the legal matter, the attorney’s experience and the scope of work needed. Some estate planning attorneys charge an hourly rate, while others charge a flat fee for their services. In general, estate planning attorneys may charge anywhere from $1,500 for a simple will to upwards of $7,000 or more for a more complex and comprehensive estate plan that includes trusts and other documents.
How to find a capable Estate Planning Attorney?
There are several ways that a person can go about finding a qualified an capable estate planning attorney in their area. One tried and true method is to ask someone who has dealt with the situation if they had a positive experience. A personal recommendation or referral can be a great way of finding a good trust and estate attorney. Another good method is a free online service such as avvo.com which will allow you to search for an estate planning attorney in your area and view testimonials left by their past clients. You can also view what areas the attorney specializes in to make sure that they will be able to assist you with all of your needs.