Thursday, August 11, 2016

Questions for your estate planning attorney

You may think of estate planning as something simple. You may have seen the forms for the statutory will or patient advocate designation and thought, "I can fill that out." Or maybe you have seen the advertisements for the online do-it-yourself plans. In reality, estate planning is anything but simple. Estate planning is one of the most complex areas of the law. Think about it. You want to make sure that you are in control of your assets while you are alive and well. In the event of your mental disability, you want to provide for you and your loved ones. And when you are gone, you want to give what you have to whom you want, when you want and the way you want. You want to do this at the lowest overall cost to you and those you love. Planning for you and your estate, both during your lifetime and after your death, is the legal equivalent of heart surgery. This is going to require lots of instructions. To make the proper instructions, the estate planning attorney has to have a working knowledge of six areas of the law — estate planning, elder law, business, real estate, taxation and probate.
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