HomeProbate LawShould You Work With an Attorney for Estate Planning?

Should You Work With an Attorney for Estate Planning?

Hiring an Estate Planning Attorney

A skilled Chicago Illinois estate planning lawyer can assist you in making future plans if you have substantial assets. With the help of a thoughtful estate plan, you may distribute your assets in the way you see fit while avoiding excessive taxes and making sure your loved ones are taken care of. However, there are several circumstances in which it is not required to hire an estate planning lawyer. Here are some guidelines to assist you decide whether to engage an estate planning lawyer if you find yourself in one of these circumstances.

You want to work with an experienced attorney. A good estate planning attorney will have a lot of experience in the field, and can provide you with sound advice on how to handle your case. You should also consider an attorney’s track record, including their success rates and the number of satisfied clients they have worked with.

In order to determine if an attorney is right for you, it is important to meet with them in person. During this meeting, the lawyer will ask you about your family, your financial situation and your goals. It is a good idea to bring up any specific concerns or questions you have about your estate planning needs at this time.

While it may seem obvious that you should choose a knowledgeable attorney, you should be aware that the legal community is highly competitive. Many attorneys have multiple credentials and certifications, some of which are not related to estate planning. For example, a designation such as an accredited estate planner or a chartered trust and estate counselor can give you a clue about the attorney’s level of knowledge. In addition, you should always choose an attorney who has passed the bar in your state.

The cost of working with an estate planning attorney will vary depending on the attorney and your specific needs. Some attorneys have a flat fee while others bill hourly. It is a good idea to get a quote ahead of time so you can compare prices between different attorneys.

An experienced attorney can save you money in the long run. An effective estate plan can reduce the amount of taxes that your heirs must pay and can prevent disputes among beneficiaries. However, these benefits are only available if your estate plan is legally sound. An experienced attorney can make sure that your estate plan is thorough and meets all legal requirements.

The lawyers at Peck Ritchey, LLC are dedicated to offering top-notch legal services with moral character and regard for our clients. They have experience creating individualized estate plans to suit the particular needs of each client. Call us right away to arrange a consultation. Our clients are spread out over Illinois. We anticipate hearing from you! Our headquarters are in Chicago. Check out at www.chicagoprobateattorneys.net/contact-us/ to find out more about our services. You can reach us by email or by phone at 888-626-9022. We will answer your question as soon as we can. I’m grateful.