What to Look for in an Estate Planning Lawyer: Guide to Finding the Right Specialist

by Emma L. Business consultant

Estate Planning Lawyer

When it comes to difficult topics like the possibility of mental disability and eventual death, it is vital that you find the right lawyer that will make sure the assets are handled cautiously.

Estate planning is not just difficult to think about, but it can also be legally complex and require experience and specialized knowledge, so the next generation family members receive their inheritances incident-free.

A general practitioner may not have years of mentoring, experience, and legal education to properly care for these critical tasks.

If you want to avoid possible legal battles and family turmoil, learn more about what to look for in an estate planning lawyer, so you hire the right specialist for your needs.

  1. An attorney that does practice exclusively in this area of law

When looking for an estate planning lawyer, make sure to look for a specialist! Just like the doctor who specializes in a particular area of medicine like dermatology or paediatrics, some attorneys focus on estate planning, while the generalists cover multiple legal areas.

You want to go with an expert who is well-versed and up-to-date with the current law regarding estate planning and issues surrounding this practice area. They will know to identify potentially problematic areas and carefully craft your documents.

Estate Planning Lawyer

  1. Relevant experience is a must

Once you've compiled your list of potential candidates, ask about their experience. Prioritize finding the most experienced attorney possible, and hire a specialist with at least three years in estate planning.

Also, try to find out if the attorney of your choice deals with cases that are similar to your situation. For instance, it is best to hire an estate planner who specializes in elder law if you have an ageing parent.

Get a referral from another attorney whom you know or find an accredited estate planner in your area using relevant national websites.

  1. Knowledgeableness in creating comprehensive estate plans

In case you have multiple types of wills, trusts, and/or life insurance plans, look for a knowledgeable lawyer in all of these areas to create a comprehensive estate plan that will include all of these documents.

For example, the best Estate lawyers in Brisbane will not only assist you with your estate planning, but they will also provide you with the legal guidance you need with estate administration.

If you've lost a loved one, they will help you navigate the paperwork and other complexities during this difficult time.

Estate Planning Lawyer

  1. Research on the lawyer's compensation models

Some of the attorneys will bill you by the hour, while the rest charge flat fees. Some lawyers offer both, so you are charged a fixed rate for standard services (e.g., establishing a trust), while the special research tasks come with an hourly rate.

Since costs can easily add up, and attorney's fees can range dramatically (depending on their experience, the complexity of your needs, and your location), make sure to inquire about what and how the estate planner charges.

  1. Holding a legal malpractice insurance policy

Working as a lawyer comes with certain risks. Anyone can make a mistake, so carrying malpractice insurance is a bonus as it proves accountability. Look for a lawyer that obtained this type of policy. This way, if things go wrong, the insurance covers the compensation.

Estate Planning Lawyer

  1. Conducting periodic reviews is a plus

Some of the attorneys conduct a semi-annual or annual review of your affairs and charge a small fee for that service. Consider this when looking for a lawyer since you may experience a change in your finance or a significant life change that will require adjustments to your plan.

  1. Providing a replacement if they are not available

Another thing you should consider is the practice's support staff. Make sure to ask if there is a skilled team that will communicate with you promptly and provide fast turnaround documentation time if your attorney is absent.

Estate Planning Lawyer

  1. Membership in professional organizations

When you narrow down the list, check if the attorneys belong to any professional organizations. Membership in relevant organizations is a sign that the lawyer you plan to do business with is committed to staying current on the most recent law so they can offer bulletproof protection to their clients.

These organizations provide extensive education, so you can rest assured knowing that your lawyer is up-to-date with the latest estate planning developments.

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About Emma L. Advanced Pro  Business consultant

3 connections, 0 recommendations, 158 honor points.
Joined APSense since, February 18th, 2016, From Sydney, Australia.

Created on Feb 11th 2021 04:01. Viewed 1,215 times.


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