When selecting an estate planning attorney, you want to choose someone who understands your needs. One of the best ways to do this is by getting a referral from another professional you trust, such as a doctor, financial advisor, or CPA.
Verifying that an attorney has state-specific expertise is important since laws and probate procedures differ by state. Additionally, understanding their fee structure is a must.
Experience
Experience is one of the most important factors when selecting a Walnut Creek estate planning attorney. It includes an attorney’s knowledge of state law, specifically regarding estate taxes, trusts, and probate laws. An attorney’s knowledge can help ensure that all legal steps are taken to protect clients’ and beneficiaries’ interests. It is also helpful for an attorney to have experience working with financial planners and other advisors to create a comprehensive plan.
The best way to find experienced Estate Planning Attorneys is by asking for recommendations from friends, family, and co-workers. Many attorneys will allow you to interview them before deciding whether they fit your needs. During the interview, be sure to ask questions and take notes. While it may seem rude to write while an attorney is speaking, doing so can help you remember key points after the interview.
It would help to ask about the attorney’s education and background. A business or tax law background is important, but an estate planning attorney should be highly trained in the nuanced field of estate planning. This is a complex area of law and requires an understanding of complicated financial issues and a thorough knowledge of the legal process associated with creating a comprehensive estate plan. An experienced attorney can identify and resolve any issues.
Reputation
You may find attorneys who claim to do estate planning, but it’s important to find one who specializes in this law area. Like doctors specializing in cardiology or oncology, attorneys focusing on one aspect of the law are more likely to be up to speed on all the latest laws, rules, and regulations that impact this area of practice.
Start your search by asking trusted family and friends for referrals. They will likely provide an insider’s view of the attorney’s professional demeanor and how they work with clients. If a friend or relative has had a negative experience with an attorney, they’ll likely let you know, so be sure to factor that in as well.
Inquire about any memberships the attorney or their firm has in professional organizations about estate planning. Attorneys can exchange ideas and discuss best practices in professional groups. It is also important to ask if the attorney or their firm has an experienced support staff member who can help if they are busy with other matters.
Finally, remember that each of the 50 states has unique laws, so it’s essential that any attorney you hire is licensed and well-versed in individual state law where you live. A local attorney is often preferred for convenience purposes. However, many highly respected firms have satellite offices in multiple states and can serve you.
Fees
The estate planning process can take time and involve sensitive topics and issues that mean a lot to you. It’s important to find an attorney you feel comfortable with and can trust to hear your concerns, answer your questions, and create a plan for your future. Be sure to ask the attorneys you’re considering what type of services they offer, their experience in creating living trust documents and other estate planning instruments, and how long it takes them to complete an estate plan.
Many attorneys charge a flat fee that covers drafting your basic estate planning documents, such as a will and power of attorney. This pricing model can be helpful because you know what you’re paying for upfront. However, some attorneys use an hourly rate that can become costly if additional aspects of your case aren’t initially outlined in the contract.
Find out whether your attorney carries malpractice insurance, which protects them if a client claims against them for mistakes made during their representation. Additionally, understand what legal fees are tax-deductible and which aren’t. It will help you prepare for what to expect and manage your expenses during estate planning.
Communication
A great estate planning attorney is easy to work with and communicates clearly. This is especially important when dealing with sensitive and personal matters such as family finances and plans. A knowledgeable attorney will be able to answer any questions you have and ensure that all aspects of your situation are covered in the resulting program.
Ask prospective attorneys about their experience and knowledge of estate planning law, including trusts, living wills, health care directives, and other specialized documents. Also, be sure to find out if they practice solely in this area of law or if they attempt to incorporate elements of estate planning into the legal services they offer to other clients. It’s best to work with an estate planning attorney who can design a plan tailored to your specific circumstances.
Finally, a good estate planning attorney is meticulous and pays close attention to detail when reviewing legal documents. This is essential because errors can seriously affect you and your loved ones. Fortunately, many qualified and reputable estate planning lawyers can help you with your estate planning needs. To choose the right one for your needs, consider evaluating an attorney’s professional ethics, reputation, fees, and communication skills.
