An estate plan is unique to you and your life. During the planning process, you will determine how you would like your assets and property handled, along with selecting a power of attorney (POA). There are many online resources that claim their instructions are “clear and simple to follow,” unfortunately, that’s not accurate.
Pittsburgh area estate planning is a lengthy and complex process if conducted on your own. There are many intricacies of the planning process, and if completed incorrectly, your wishes might not be honored. That’s why it’s crucial to use an estate planning lawyer in Pittsburgh to ensure everything is legal and will be followed after your passing.
How Much Work is Involved with Estate Planning?
Several components require an in-depth understanding of state and federal laws. These laws significantly impact how your property will be inventoried, valued, dispersed, and taxed. If your plan is not correctly worded or includes all the necessary information, your executor will have additional responsibilities to handle.
Estate Plan Parts
Each plan is developed specifically for you. Here are some fundamental parts you’ll need to consider.
- Living Wills
- Last Will and Testaments
- Appointing beneficiaries
- Selecting a Durable Financial POA and a Medical POA
- Setting up Trusts to protect your assets
- Medicaid planning
- Deeds and asset transfers
What to Expect When Working with an Estate Planning Lawyer in Pittsburgh
If you’re unsure about asking a lawyer for help, it’s okay, this article will help to address those concerns. Professional and reputable estate planning lawyers in Pittsburgh, like Auld Brothers Law Group, are here to assist you.
A well-established strategy involves a great deal of legal paperwork, something that an attorney is well-versed in helping you navigate. Here’s what you can expect when working with an estate lawyer.
- Assist you with writing your Last Will and Testaments
- Set up a Trust
- Try to reduce your cost of taxes
- Assist your Will’s Executor with asset transfers to your beneficiaries
- Help with any Probate issues that may arise
- Prepare you for any potential end-of-life scenarios (if you’re medically unable to make your own decisions at the time)
- If someone contests your Will, they can help
Overall, the attorney’s goal is to help prepare you for end-of-life and the legacy you want to leave behind for your loved ones.
5 Benefits of Hiring an Estate Planning Lawyer in Pittsburgh
It is an investment when you choose to work with a lawyer, although if you’re working with a trusted firm, you’re in good hands. Here are five notable benefits of working with an estate planning lawyer in Pittsburgh.
#1 Relatable Legal Advice on Asset Titling and Beneficiaries
Not all Wills or Trusts will cover all your assets (401 k’s, life insurance). They’ll require additional steps to ensure it’s passed to the beneficiary without probate proceedings.
#2 Make Document Adjustments as Needed
Life changes are constantly happening, which means Wills, Trusts, and other legal documents will need to be updated to reflect your current circumstances.
#3 Your Documents are Correct and Legally-Binding
One of the biggest concerns with developing your own estate plan is that the documents are incorrect (maybe you misinterpreted a question). Unfortunately, this inaccuracy can lead to errors and additional problems that aren’t usually addressed until after you’ve passed.
#4 Professionally Executed with Witnesses and a Notary
Online services or providers can’t notarize or witness signatures, so you’ll have to handle that responsibility independently.
#5 A Trusted Resource for Years to Come
You’ll develop a relationship with your lawyer, who knows and understands your end-of-life goals. This connection can be beneficial after you pass. In addition, your lawyer can work with your loved ones to ensure a more straightforward process.
Work with a Trusted Estate Planning Lawyer in Pittsburgh, Rebecca A. Auld
Rebecca is a third-generation Auld Brother’s lawyer who has worked with the Pittsburgh community for many years. She has developed long-term relationships with her clients that span many generations, and she can help you.
Contact Rebecca to ensure your estate plan meets your future needs and goals.