If you have a family or own a small business, you will likely need the help of an estate planning attorney. This is because transfer of assets can be tricky, especially if you have assets that are out of state or even abroad. Your attorney can help you make the process easier by explaining your options. In addition, your attorney will help you create an estate plan that meets your needs and preferences. If you wish to learn more about this, visit Hembree Bell Law Firm
When choosing an estate planning attorney, be sure to do your research. Ask family and friends for recommendations, or search online for a reliable attorney. You’ll need to provide your attorney with information about your finances, your family, any minor children, and any documents you’d like to prepare. Your estate planning attorney will need to complete a questionnaire that will outline your estate planning needs.
Your attorney may bill an hourly rate or flat fee for estate planning services. If the fee is based on an hourly rate, make sure that you know how much you’ll be spending in advance. Some attorneys require a retainer in order to start working with you. This fee is intended to cover the estimated cost of the attorney’s services. If the total cost exceeds the retainer amount, you may need to pay an additional fee.
Creating an estate plan is a crucial part of protecting your family. Your estate plan will determine who will be in charge of your children and pets, and it will also determine who will make medical and financial decisions for yourself and your family. In addition, your estate plan will determine who will take care of your children and pets in case you become unable to care for them.
Many people think that having a Will is all they need to plan their estate. While this is true, it is only a small part of the puzzle of Estate Planning. There are other documents, including trusts, that must be prepared. If your family members die without a Will, they won’t have any say in the distribution of your assets.
An estate planning attorney can help you with all of these important tasks. Your attorney will sit with you and help you develop a will that complies with the legal requirements and addresses all aspects of your estate. Your property will be distributed in accordance with your wishes, and a will can even name a guardian for minor children or an executor of your estate.
An estate planning attorney has specialized knowledge in federal and state estate laws. He or she can review your situation and help you create a customized plan that meets your needs. They can also help you update your estate plan to make sure it is in line with your wishes. Whether you need to name a guardian for your children or protect your family’s finances for those with special needs, an estate planning attorney can assist you with drafting an estate plan that will fit your needs.
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Hembree Bell Law Firm
4413 Spicewood Springs Rd #121 Austin,
TX 78759 (737) 265-7656
