One of the questions you might have in mind right now is whether or not you need an estate planning. Well, you do. Everyone does. Regardless of how small or big your estate is, it is important that you plan ahead of time so you can avoid potential troubles in the future.
In layman's term, estate planning is a process that allows you to determine the most ideal time as well as the individuals to whom you want to distribute or designate your assets (properties) and other forms of ownership you have -- in case you are no longer capable of managing them by yourself or when you die. The individuals might be the members of your family or close friends or even organizations (e.g. charities). Estate planning allows you to avoid potential trouble in your future life.
Hiring a lawyer for your estate planning needs
As we know it, estate planning involves legal works and thus having an expert legal professional to work with you in the process is necessary. Thus, carefully picking a lawyer - one that is an expert in this field - matters a lot. But there are some other important considerations that you need to take into account as well, before hiring from an estate planning law firm. You need to determine the following:
- Your assets and their approximate value
- The individual(s) you want to receive your assets
- The individual(s) you want to manage your assets - both during your lifetime and after death
- The person(s) you want to take charge of your children's care the moment you are no longer capable of doing the same in your lifetime
- Specific person(s) you plan to implement decision makings on your behalf that concern your care and welfare in case you are no longer in capacity to do the same by yourself.
Tips in finding an estate planning law firm
There are a lot of tips you can find around but for me, the following are important considerations you should include in your criteria when you hire an estate planning lawyer:
- experience in the industry (e.g. how long it has been in business)
- the reputation - does it have big names in its clients list?
- expertise -- find out if your prospective lawyer is really an expert in the field (try to ask some people - previous clients, perhaps)
- awards and recognition your prospective lawyer and the firm he works for received in the past
In layman's term, estate planning is a process that allows you to determine the most ideal time as well as the individuals to whom you want to distribute or designate your assets (properties) and other forms of ownership you have -- in case you are no longer capable of managing them by yourself or when you die. The individuals might be the members of your family or close friends or even organizations (e.g. charities). Estate planning allows you to avoid potential trouble in your future life.
Hiring a lawyer for your estate planning needs
As we know it, estate planning involves legal works and thus having an expert legal professional to work with you in the process is necessary. Thus, carefully picking a lawyer - one that is an expert in this field - matters a lot. But there are some other important considerations that you need to take into account as well, before hiring from an estate planning law firm. You need to determine the following:
- Your assets and their approximate value
- The individual(s) you want to receive your assets
- The individual(s) you want to manage your assets - both during your lifetime and after death
- The person(s) you want to take charge of your children's care the moment you are no longer capable of doing the same in your lifetime
- Specific person(s) you plan to implement decision makings on your behalf that concern your care and welfare in case you are no longer in capacity to do the same by yourself.
Tips in finding an estate planning law firm
There are a lot of tips you can find around but for me, the following are important considerations you should include in your criteria when you hire an estate planning lawyer:
- experience in the industry (e.g. how long it has been in business)
- the reputation - does it have big names in its clients list?
- expertise -- find out if your prospective lawyer is really an expert in the field (try to ask some people - previous clients, perhaps)
- awards and recognition your prospective lawyer and the firm he works for received in the past
About the Author:
Priyam Shukla writes various topics about professional services, including legal subjects. For more information on estate planning and related services, you can visit SMWB - a business law firm in Los Gatos, CA, offering different legal services, which include estate planning.
Aucun commentaire:
Enregistrer un commentaire