Your Attorney's Role in Estate Planning
It is easy to be lured by advertisements claiming you can save time and money, for example, by drafting your own will using do-it-yourself software or fill-in-the-blank will kits. It is unlikely that these systems will generate a suitable will that accomplishes all your objectives. Only a qualified lawyer can interpret the maze of laws bearing on property rights, taxes, wills, probate, and trusts.
You can save time and money, however, by preparing thoroughly for a meeting with your estate planning lawyer. You can organize your information regarding your assets, liabilities, and title arrangements and discuss your feelings about providing for various family members. You should provide copies of important documents such as previous wills or trusts, powers-of-attorney, life insurance policies, employment benefits, and prenuptial agreements or divorce decrees.
The advice and direction of your attorney will be essential to implementing an estate plan that both disposes of your assets according to your wishes and meets your other personal objectives.
The attorney's role is only one perspective from your board of advisors in developing a complete estate plan. Your estate planning model should include consultation from your financial planner, insurance professionals, and CPA as well. Please contact us with questions about planning a meeting with a Feldmann Nagel Margulis estate planning attorney.