Most people don’t know what an estate planning attorney does while others only have shallow knowledge. Knowing the duties of an estate planning attorney is beneficial as it helps you understand their work and why it should be handled by them and not some website or AI.
Below, we will be highlighting some of the tasks of an estate planning attorney:
- Creating wills and identifying estate beneficiaries
Everyone has specific needs regarding his or her estate plan. Man A has different needs, Man B has different needs as well. The best way to ensure that your needs are met is by hiring an estate planning attorney. Of course, there is a cheaper way to plan your estate without hiring an estate planning attorney. There exist lots of templates online that you can use to plan your estate. However, one thing you don’t know is that, these templates are general, they are not tailored to meet your specific need. If you want something that can help bring those unique desires of your into reality, you need to hire an estate planning attorney.
- Help avoid the difficult probate process
Probate is done to determine the authenticity of a will. It is also a court process carried out to enable the distribution of the deceased’s assets. Probate is widely known as a difficult, expensive and time-consuming process. This process can last for a very long time depending on the circumstances of the estate.
An estate planning attorney can help you plan an estate that avoids the challenging probate process. The best way to avoid probate is by creating a trust and an estate planning attorney can help you with this. In addition, if peradventure your estate is bound to undergo probate, and estate planning attorney can also help your loved ones prepare well for the process.
- They have in-depth knowledge of State and Federal Laws
There are several reasons why you should hire an estate planning attorney; and one of those reasons is due to their knowledge of federal and state laws. When planning an estate, you will need to ensure that it is planned according to these laws. An estate planning attorney will save you the stress of trying to figure out the laws and how they apply. They know the laws thoroughly and can help you plan an estate that adhere to them.
- Update your estate plan when needed
An estate plan is not something you create and leave. You will have to update it as you progress in life. For instance, if you purchased a property somewhere, you will need to update your will. Or if you got divorced, you will also need to update your will. Life is full of several uncertainties; nothing is constant. So, as things changes, you will need to update your estate plans to accommodate those changes. An estate planning attorney can help you make the update. He or she can also advise you on how to go about the updates and when the updates are quite necessary.
Estate Planning Attorney Manhasset Long Island
An estate planning attorney help in planning an estate; moving forward, they also help in handling the probate process. Also regarded as probate attorney, or estate law attorneys, these individuals are experienced and licensed experts capable of providing help to individuals in need of an estate plan or anything related to estate planning.
An estate planning attorney Manhasset long island can help you plan an estate that conforms to your needs. He or she can also help plan an estate that avoids the difficult probate process and the payment of huge estate taxes.
Estate planning attorneys usually charge a flat fee to a help you create a binding document like wills, durable power of attorney, and the likes. However, this professionals can also be hired to work on an hourly basis where they help you maintain your estate, represent you in court when called on, etc.
If you need advice regarding your estate plan, you can talk to an estate planning attorney. They have lots of experience and will provide you with the best advice based on their wealth of experience. If you need an estate planning for your estate, don’t hesitate to contact us.