Should You Hire an Estate Planning Attorney?

Hiring an Estate Planning Attorney

If you have significant assets, an estate planning attorney in Chicago can help you plan for the future. A well-thought out estate plan allows you to pass on your assets according to your wishes, avoiding unnecessary taxation and ensuring that your loved ones are cared for properly. However, there are some situations where hiring an estate planning attorney is not necessary. If you are in one of these situations, here are some tips to help you determine whether you should hire an estate planning attorney.

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 attorneys at Davis & Associates Attorneys at Law, are committed to providing exceptional legal services with integrity and respect for our clients. They are experienced in crafting tailored estate plans to fit each client’s unique circumstances. Contact us today to schedule a consultation. We serve clients throughout Illinois. We look forward to hearing from you! Our offices are located in Chicago. To learn more about our services, click the link below. You may also contact us by phone at 888-626-9022 or via email. We will respond to your inquiry as quickly as possible. Thank you.

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