When you’ve worked hard to build your assets, you want to be able to protect them for your loved ones. Estate planning can be challenging to navigate for anyone who isn’t intimately familiar with the laws and processes involved.
While some people believe that creating a will and/or trust is a straightforward and simple process, it’s important to understand the complexities involved and why you should seek professional legal guidance.
The Responsibilities of a Will and Trust Attorney
A will and trust attorney specializes in helping individuals plan for their estate and ensure that their assets are distributed as they intend, particularly after their passing. These types of lawyers are responsible for:
Drafting Wills and Trusts
Attorneys create legal documents that outline your wishes for the distribution of your assets, guardianship of minor children, and other important matters. They make it clear what your intentions are and ensure the distribution is legally binding.
Providing Estate Planning Advice
They can help you understand the various estate planning options available and recommend the best approach based on your specific circumstances. Every person’s individual situation is different, so any templated, one-size-fits-all approach is rarely the best option.
Assisting With Probate
If you have a will, your attorney can help guide your estate through the probate process, which involves validating the will, distributing your assets, and maintaining accurate records.
Addressing Tax Implications
Estate planning attorneys can help you minimize your estate taxes and ensure that your beneficiaries receive the maximum amount of your assets.
What to Look for in a Will and Trust Attorney
When selecting a will and trust attorney, you want to work with someone who’s both qualified and trustworthy. Keep in mind the following qualities:
- Experience & qualifications. Look for a licensed attorney with a proven track record in estate planning and probate law.
- Knowledge. Make sure the attorney has a deep understanding of the latest estate planning laws and regulations.
- Communication skills. A good attorney should be able to explain complex legal concepts in a clear and understandable manner. If there’s anything you don’t understand, always ask and expect a thorough response.
- Professionalism. The attorney should be reliable, responsive, and dedicated to providing excellent service.
Anyone who owns assets or has dependents can benefit from using a will and trust attorney. This includes:
- Individuals with significant wealth
- Parents of minor children
- People with complex family situations
- Individuals with unique estate planning needs
Benefits of Hiring a Will and Trust Attorney
There are many advantages to working with a qualified will and trust attorney. Here’s what you should expect:
Peace of Mind
You want to know without a doubt that your estate is in good hands and will be handled appropriately after you’re gone.
Protection of Your Assets
A well-crafted will and trust can help protect your assets from potential disputes and ensure that they are distributed according to your wishes.
Tax Savings
A skilled attorney can help you identify and minimize potential tax liabilities. Since tax laws can be quite complex, it’s absolutely essential to have an attorney identify and take advantage of all potential savings in your and your family’s tax returns.
Avoidance of Probate Delays
A properly executed will can help streamline the probate process and avoid unnecessary obstacles or setbacks.
Customized Estate Plan
Every person’s estate and tax situations and requirements are unique. A will and trust attorney can create a personalized estate plan that meets your distinctive needs and goals.
What to Expect When Working With a Will and Trust Attorney
When you hire a will and trust attorney, here’s what you can expect to happen during the process:
- You’ll discuss your estate planning goals. The attorney will ask about your assets, beneficiaries, and desired outcomes.
- You will review your financial documents. You may be asked to provide copies of your wills, trusts, insurance policies, and other relevant documents.
- You’ll receive legal advice. The attorney will provide guidance on the best estate planning strategies for your situation.
- Your attorney will draft your documents. The attorney will prepare your will, trust, and other necessary documents.
- You will receive ongoing support. Your attorney can provide ongoing advice and assistance as your circumstances change.
Will and Trust Attorneys at Auld Brothers Law Group
If you need a qualified will and trust attorney in the Pittsburgh, Pennsylvania, area, Auld Brothers Law Group can help. Our highly experienced team of attorneys can help you create a comprehensive estate plan that protects your assets and ensures that your wishes are carried out.
Contact us today for a consultation and let us help you secure your financial future.