Estate Planning Lawyer – Plan ahead to avoid succession issues

An estate planning attorney can help people create a last will or trust to protect their estate in the event of their death. It is important to choose an estate attorney who will listen to your needs and provide sound advice on developing strategies that will benefit the designated beneficiaries.

A colleague recently hired an estate planning עורך דין חדלות פירעון to help with his terminally ill mother’s estate. Although her mother was not a wealthy woman, she owned a home, a car, and financial portfolios and life insurance policies.

The real estate attorney was referred through her mother’s credit union. 

There was considerable family strife in the family and his mother wanted to disinherit one of her sons. An estate planner completed a simple will and suggested strategies to prevent assets from passing through probate.

Due to the nature of the illness, the woman’s daughter did not have time to consult several law firms that issued the will. Instead, she was forced to work with an estate attorney who had no prior knowledge of her mother, the family dynamic, or how she intended to divide the estate.

The credit union closed the estate planning department due to budget cuts.

 The daughter was not informed of this and only discovered after her mother’s death that she no longer had a lawyer. This created chaos for the daughter, who was appointed executor. To make matters worse, the property manager lived in another state. He was forced to find a new probate attorney just days before returning home. At the time of their meeting, the man expressed no interest in her mother’s inheritance and could not advise how to protect her mother’s will from being contested by the son who inherited it. Fortunately, he was well versed in estate planning and had taken steps to obtain asset protection. Because the rest of the estate was small, the trustee was able to waive the will and settle the mother’s estate within a few months. It shows that things can go horribly wrong when estate planning is delayed until a person is terminally ill. Many unwanted problems can arise when trusts and estates are filled in the final weeks of a person’s life.

This is important in the execution of last wills and testaments 

And the distribution of assets between dysfunctional families. When estate planning is done in the last stages of life, intestate heirs can challenge the will, claiming that the deceased person was not under the influence of my or anyone else’s persuasion. If a will is contested, the estate can suspend the will for months or years and potentially bankrupt the estate.

 

Estate and trust planning should begin when you are in good health. Hiring an estate planning attorney will ensure that your final wishes are followed in the event of your death. It also eliminates the stress of having a personal representative appointed by a will.

To find estate planning attorneys, visit the American Bar Association website, search attorney referral networks, or browse local telephone directories. Interview at least four attorneys. Ask for a referral and follow-up. “One in four lawyers suffer from stress, and out of 105 professions, lawyers are at the top for depression. In addition, a disproportionate number of עורך דין הוצאה לפועל commit suicide. These are some of the alarming findings that can be found in various addiction and addiction studies. depression” Robert Stein, ABA Executive Director, reports in the June 2005 issue of the ABA Journal.

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