Estate Attorney Research Papers

Decent Essays
An estate attorney should always be consulted if you are considering having a will drawn up, mostly because they can help you make sure that the loved ones that you leave behind are well taken care of and that your assets are distributed according to your wishes. Listed below are just a few of the reasons to work with an estate attorney.

They Can Help Make Sure That Your Wishes Are Met After You Pass

The single most important reason to work with an estate attorney is to get their help making sure that your wishes are met after you pass. One way in which they will do this is to sit down with you and not only discuss how you would like to distribute your assets after you pass but also why you were distributing those items and your assets the
…show more content…
A very common issue that your inheritors can run into after you pass way is to find out that they have to pay a significant portion of their inheritance to the government in the form of taxes or to pay off some of your debts.

However, the estate attorney can help you minimize the impact of those taxes on the assets that you are leaving to your beneficiaries through the use of trusts that are not subjected to estate taxes if you create an irrevocable trust. An irrevocable trust is basically a trust fund that once you put the money into the trust, you are no longer able to access it or withdraw any funds from it, that is left up to the individual managing the trust and the beneficiary of the trust. Since the money technically no longer belongs to you, it is not going to be taxed by the government when you pass away.

Speak with an estate attorney as soon as possible if you are looking to get a little bit of help creating a will. You'll want to work with an estate attorney because they can help make sure that your wishes are met after you pass and help you discover ways to maximize your family's
Get Access