What is the Role of an Estate Planning Attorney or Lawyer?

An estate planning attorney or lawyer informs you about all the available options for managing your estate after your death or physical disability. With his vast knowledge on wills, estate planning and probate laws, the attorney can also guide you in choosing the right option for keeping a control on your estate. A qualified and experienced estate attorney focuses on to understand your own desire and personal goal regarding the management and maintenance of your estate and other residential property and shows you ways on how to reach your goal successfully.

Stephen A. Newstadt, ESQ.

Stephen A. Newstadt , ESQ.

People set different criteria for their Legal wills and estate planning. Some people would like their family members or children to become a part of their wills on estate planning while others want their property to go to trusts. You may be seeking for ways to give out your financial assets or property in a uniform manner but not getting any proper idea. A practicing estate planning attorney or lawyer can not only explain the most suitable options but also make sure that your desires get fulfilled legally. Your wills and estate planning should comply with guidelines applicable in your own area otherwise you may face hassles and heavy expenses in the process.

If you need custom tailored estate plans to steer clear of probate, remove or lessen estate taxes and enjoy a smooth approach in the succession of property, consider consulting with one of the experienced trusts and estates attorneys at http://www.estate-law.net.

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Role of Estate Attorney

An estate planning attorney is there to help you plan for what will happen to your estate after you pass away.  Estate planning is for everyone, not just for the very wealthy or retired.  Because you never know what will happen tomorrow, you should prepare now to make sure that everything you own goes to the people you want it to.  For such purposes, it is advisable to turn to an attorney that specializes in wills, trusts, and estates.  In the event that you pass away without leaving a will or a trust, your assets will be distributed according to the probate law in your state. The results may be counter to what you actually wanted, and can also be very troublesome for your family.

 

Stephen A. Newstadt, ESQ.

Stephen A. Newstadt, ESQ.

Estate Attorneys in Los Angeles can help you prepare your will or trusts. Initially, your estate attorney will help you identify the beneficiaries to whom you want to leave gifts to, and what gifts you want to leave them.  Having a will has its own pros and cons, as do trusts, but a will is often less expensive.  However, a will must go through the state probate process.  A trust, also known as a living trust, while a bit more expensive, avoids probate and interference with the court altogether.  Your estate attorneys will be there to guide you through the whole process so that you will not need to worry.  Even if you are thinking that this is not the right time to have a trust or a will, you should nevertheless consider it, because you never know what could happen tomorrow.  In addition, wills and most trusts are extremely flexible and can be changed by you at any time, giving you much peace of mind.