If you have been considering estate planning, you may have discovered the term “estate planning attorney.” What exactly is an estate planning attorney, and what role do they play in the estate planning process?
What Is an Estate Planner?
An estate planner is a qualified professional who specializes in helping people meet their financial and estate-planning needs. Estate planners provide important guidance on how to structure, manage, and protect financial assets, such as retirement accounts, real estate investments, and business interests.
At Hamud Law Group, we work with clients to create comprehensive plans that outline what happens to their assets upon death or disability. We are here to provide advice throughout life events such as marriage or the birth of a child. We have all the knowledge necessary for making sure the financial milestones of life are set for success.
What Is the Purpose of Making an Estate Plan?
The purpose of making an estate plan is to ensure that your assets are distributed according to your wishes in the event of your death or incapacity. Without a valid will or trust in place, your assets will be subject to state intestacy laws, which may not align with your wishes. Additionally, having a comprehensive estate plan can help minimize conflict among family members and loved ones.
Estate Planning Documents
There are several different types of documents that may be included as part of your overall estate plan. These documents may include a last will and testament, revocable living trust, pour-over will, durable power of attorney, advance directive, and beneficiary designations. We can help you determine which documents are right for you and your unique circumstances.
Why Is Estate Planning Important?
Estate planning is important because it gives you peace of mind knowing that your loved ones will be taken care of after you’re gone. If you become incapacitated without an advance directive in place, your family would have to go through the time-consuming and expensive process of obtaining guardianship or conservatorship over your affairs.
Benefits Of Estate Planning
There are many benefits to creating a comprehensive estate plan, including :
- Ensuring that your assets are distributed according to your wishes
- Minimizing conflict among family members
- Avoiding probate
- Giving you peace of mind
- Protecting yourself and your loved ones in the event of incapacity
Do you need help planning your estate? Contact Hamud Law Group for a free consultation. We can help you create a plan that meets your needs and protects your loved ones.