No one likes to talk about incapacitation or death. It is frightening to imagine things like that, but these are expected eventualities for everyone. Instead of leaving everything to fate, you can consider using estate planning tools to gain control over your future. A Reno Estate Planning Attorney can help you get started with the process. Don’t be naïve to imagine that you don’t need an estate plan because you own too less. The first meeting with an attorney can change things, and in this post, we are discussing the questions you must ask when you consult a lawyer.
“What estate planning tools can I consider?”
This question probably makes the most sense for almost every person. Should you consider a living trust? Will you benefit from a will? Should you have other documents like powers of attorneys? While each estate planning tool has a purpose, not everything is for everyone. Unlike online Will-making services that automate certain aspects, an attorney can guide you through the process and help you make custom choices based on your circumstances.
“How would you bill me?”
That’s another valid question that you must ask. Many estate planning lawyers charge a flat fee, depending on the work involved, while others may take an hourly rate. For instance, if you own considerable wealth and many real estate investments, your attorney will advise on the estate planning tools accordingly, which can be more elaborate. In other words, attorneys may charge a different fee structure for each client, but it’s wise to ask in advance.
“How can I communicate with you?”
Not all estate planning lawyers are the same when it comes to responding to client questions. Make sure that you ask the lawyer about communication. Yes, these are busy lawyers, but they often have a support system in place to tackle client demands. Their teams are usually very responsive and can take care of minor things, including the drafting process.
“What happens if you retire?”
Like any other professional, estate planning lawyers also retire at some point. There are also eventualities that must be accounted for. This may seem like a truly tough question to ask, but make sure that you ask the attorney about the contingencies. It would be best if you were sure that your estate planning documents and other things are in the right hands.
It is never too early or too late to have an estate plan – start today!
