Estate Lawyer FAQ: Common Questions Answered

1. What Is An Estate Lawyer?

An estate lawyer, also known as an estate planning attorney or probate lawyer, is a legal professional who specializes in assisting clients with the management and distribution of their assets after death, as well as with estate planning to ensure their wishes are carried out.

2. Why Do I Need An Estate Lawyer?

An estate lawyer can help you create a comprehensive estate plan, which includes drafting wills, trusts, powers of attorney, and healthcare directives. They can also assist with probate and estate administration, tax planning, and addressing any potential legal issues that may arise.

3. What Is The Difference Between A Will And A Trust?

A will is a legal document that outlines how you want your assets distributed after your death. A trust, on the other hand, is a legal arrangement that allows a third party, or trustee, to hold and manage assets on behalf of beneficiaries. Trusts can offer more control over asset distribution and can help avoid probate.

4. What Happens If I Die Without A Will?

If you die without a will, your assets will be distributed according to your state’s intestacy laws, which may not align with your wishes. This can also lead to a more complicated and time-consuming probate process.

5. Can I Avoid Probate?

While it’s not always possible to completely avoid probate, certain estate planning tools like trusts, joint ownership, and beneficiary designations can help minimize the probate process and expedite the distribution of assets.

6. How Often Should I Update My Estate Plan?

It’s recommended to review and update your estate plan every few years or after major life events such as marriage, divorce, the birth of a child, or significant changes in your financial situation

7. What Is A Power Of Attorney?

A power of attorney is a legal document that grants someone else the authority to make decisions on your behalf, either for financial matters, healthcare decisions, or both. This can be important in case you become incapacitated and unable to make decisions for yourself.

8. What Are Estate Taxes, And Will My Estate Have To Pay Them?

Estate taxes are taxes levied on the transfer of a deceased person’s assets. Whether your estate will owe estate taxes depends on the value of your estate and the tax laws in place at the time of your death. Our attorneys at Logan & Logan LLP can help you understand potential tax liabilities and plan accordingly.

9. How Do I Choose An Estate Lawyer?

Look for an attorney with experience in estate planning and probate law. Consider seeking recommendations from friends, family, or financial advisors. It’s important to choose a lawyer you feel comfortable with and who understands your specific needs and goals.

10. What Should I Bring To My First Meeting With An Estate Lawyer?

Prepare a list of your assets and liabilities, including real estate, bank accounts, investments, and any debts. Also, consider your goals for estate planning, such as who you want to inherit your assets and who you would like to appoint as executor or guardian for any minor children.

Logan & Logan LLP Is The #1 Trusted Estate Lawyer Practice On The South Shore

Looking for expert guidance in navigating the complexities of estate planning? Look no further than Logan & Logan LLP. Our team of seasoned estate lawyers is dedicated to helping you secure your legacy and protect your loved ones’ future. Whether you’re drafting a will, establishing trusts, or handling probate matters, our experienced attorneys are here to provide tailored solutions to meet your unique needs. Don’t leave your estate planning to chance – take control of your future today by scheduling a consultation with Logan & Logan LLP. Your peace of mind starts here. Contact our expert attorneys at Logan & Logan LLP today for a free consultation: (617) 209-3723.

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