Rochester Law Center – An Estate Planning Lawyer Can Help You Create Your Estate Plan

Estate planning is the process of defining how your possessions will be handled after your death. Basically, your estate is everything you own. This plan will control how your possessions are distributed to your beneficiaries. You should consult an Estate Planning Lawyer to create your plan. There are several ways you can go about creating an estate plan. Rochester Law Center

First, you can ask friends and family members for recommendations. These people will be able to direct you to an estate planning attorney if they have a good experience with one. There are also websites that list attorneys in your area. Regardless of your source of referrals, it is best to hire a board certified estate planning attorney.

A bachelor’s degree is a requirement to become an estate planning lawyer. Many also pursue a master’s degree. Before beginning your education to become an estate planning attorney, you should consider majors that relate to the area you want to specialize in. Political science, English, history, and pre-law are common majors that are suitable for this field of study. To be eligible for law school, you need to have a high GPA and good references from professors.
Another important consideration is fees. Some attorneys charge an hourly fee while others charge a flat fee. In either case, you should ask for a quote in advance. Flat fee arrangements are more convenient as you know how much your lawyer will charge in advance. Additionally, you will not have to worry about telephone calls and other extra costs.
Creating an estate plan involves minimizing tax obligations and expenses. In addition to creating a plan, you should regularly review it to ensure that it meets your needs and is tax-efficient. You also need to consider how you want your assets to be distributed after your death. This means that you should make a comprehensive list of your assets.

A lawyer specializing in estate planning can create a Living Trust, a document that places your assets in the hands of a third party. A Living Trust serves two main purposes: to give the elderly person peace of mind and to make estate execution as seamless as possible. Further, an Estate Planning Lawyer will help you create a will.
Aside from assisting with the planning process, an Estate Planning Lawyer can help you with probate court proceedings. These attorneys understand the laws and processes in your state, so you can be sure your plans will go through the appropriate channels. And remember: it is never too early to start planning for your estate. This is especially true if you have children and a lot of assets.
The creation of a will is crucial when it comes to reducing your taxes and providing for your family. A lawyer from Littman Krooks can help you to make your priorities and ensure that you have the essential documents in place. This document will control how your assets are distributed and who the executor should be.