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Wills and estate planning

What are the benefits of using an estate planning attorney?

Some people may be best served by having an attorney who specializes in estate law to create an estate plan. Everyone's situation differs, and an attorney can help guide you through the options.

If you're looking for help putting together your estate plan, you've probably considered using an estate planning attorney. But what does an estate planning attorney do and what are the benefits?

Estate planning attorneys, also referred to as estate law attorneys or probate attorneys, are experienced and licensed law professionals with a thorough understanding of the state and federal laws that affect how your estate will be inventoried, valued, dispersed, and taxed after your death. In addition to educating you about the probate process, an estate planning attorney can assist you with the following tasks:

  • Creating a will
  • Designating your beneficiaries
  • Establishing durable power of attorney and medical durable power of attorney
  • Finding ways to reduce and avoid estate tax when possible
  • Finding ways to avoid the probate court process
  • Setting up any trusts you might need to protect your assets, both for your own benefit during your lifetime in the event of incapacity, and for the benefit of your beneficiaries after your death

Some of the primary benefits of working with an estate planning attorney include:

  • Creating an individualized plan based on your specific needs and offering you the most valuable legal advice for your situation
  • Working with an experienced attorney who is knowledgeable about current estate planning laws in your state, ensuring that the decisions you make will be made in accordance with the law and are legally enforceable
  • Access to a specialist who can serve as a resource for questions, concerns, changes, and updates to your will and trust

Estate planning doesn't have to be complex or even something that consumes a large amount of your time. If you feel that you might need some help, you may want to consider enlisting the help of an experienced estate planning lawyer.

For more information on estate planning, wills and trusts, visit Protective's Estate Planning Learning Center.

 

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.