There comes a time in your life when you need to think about putting a clear plan of action into place for the future. If you want to make sure that your loved ones are not worrying about what to do with your finances and your estate you leave behind once you pass, it is often best to work with a professional to put a plan together. Because many people are not sure where to begin, the smartest option is looking for the help of a trusted estate planning attorney in Westlake.
What Do Estate Planning Attorneys Do?
An estate planning attorney is a kind of law professional with an understanding of the best ways for their clients to work on putting affairs in order to plan for the future. This may include your end of life plan, the possibility of dealing with an unforeseen injury, or some sort of mental disability. Any estate planning lawyer will have years under their best when it comes to legal education, mentoring, and overall experience.
There is a lot more to estate planning than putting together your last will and testament. Someone specializing in this field also works to draft living trusts, can help with avoiding or mitigating estate taxes, and the best ways that you can ensure your assets and life’s savings remain safe from creditors of your beneficiaries after your passing.
Do I need An Attorney For Estate Planning?
While having an estate planning attorney in Westlake is never a requirement, there are many benefits that come from having such a professional in your corner. If you are unsure of the right way to proceed with your future planning, then an experienced attorney will help you map out the best course of action. Some of the top reasons for getting help with estate planning include:
- Owning real estate in one or more states
- Having a disabled family member under your care
- Being in a second marriage
- Having minor children
- Wanting to leave a portion or all of your estate for a charity of your choice
- Recently divorced
- You have an estate that is taxable, and more
What Questions Should I Ask An Estate Planning Attorney In Westlake?
There are lots of questions that may go through your mind when you start the process of planning out your estate. However, you may not always think about them at the time. It is best if you write down some of the more pertinent questions, so you do not forget. Questions may include what all of the benefits are of a living trust, if you need a Power of Attorney, the differences between a will and a living trust, and much more.
No matter what your unique situation might be, we are here to help at Schneiders & Associates LLP. Our firm has been working with countless business and individual clients throughout the years, and we are always ready to address your questions and concerns when it comes to working with an estate planning attorney in Westlake. All you have to do is set up a time to talk with us, and we can make sure that you have all of the details you need to make an informed decision for your future.