There are several legal strategies associated with estate planning, which include revocable living trust, wills, trusts, and probate documentation. Many new clients frequently say that they don’t have an estate plan at all. Unfortunately, not establishing a plan can result in significant legal difficulties for you and your family. Estate planning lawyers are often the best way to make sure that everyone involved has the same opportunities for planning.
Wills and probate can be complex in their own right. Even among family law professionals, there are differing opinions on the meaning of will and who gets what powers in a will. One issue is that the word “will” can mean any term that you think of when you think of wills. It is important, however, that estate planning attorneys know exactly which powers will grants to whomever it names as a beneficiary.
In contrast, healthcare directives are not specific, but rather general instructions on how an individual will spend his or her money and the decisions that he or she must make regarding medical treatments, purchases, etc. In short, healthcare directives address the day-to-day activities that a person must undertake in order to remain healthy. Both revocable and irrevocable will power exist, and each is suited for certain situations. For example, a will that names an executor has the same legal stature as a will that names a personal representative, while a healthcare directive has more of a binding force.
Estate planning attorneys often encounter cases that require them to determine whether a minor child, such as a dependent minor, should obtain legal representation when making a probate decision. In order to decide this case, the attorney may need to receive assistance from a probate lawyer that has experience working with minors and probate law. Other instances, the attorney may need help from include a financial planner, an elder law attorney, an estate planning attorney, and a probate judge. These individuals all have different skill sets and can provide the best advice to the client.
A referral from a relative or friend is another method of obtaining legal representation, although there are limits to this system. For example, if one family member is unable to provide the referral, the attorney may need to secure the services of a different attorney. The referral system has been created in order to ensure that those who cannot represent themselves are properly represented. However, it does little to protect those who wish to represent themselves, as their friends may also be able to refer their friends to an estate planning attorney. Additionally, in some instances friends or relatives may be unable to afford the attorney fees associated with a probate matter.
It is always wise to consult with an estate planning attorney before taking any major decisions. An attorney will be able to help you define your objectives, develop a plan, provide the appropriate licenses, as well as provide you with representation in the form of a Seattle attorney. If you need to address a specific problem, such as asset protection or probate, consider speaking with a Seattle area attorney. They will be able to assist you in making sound decisions, which will benefit you and your family for many years to come.