Estate planning attorneys are people that will help you plan and give instructions on what should happen to your estate in case you died or became incapacitated. When you hire an experienced lawyer, they will try to understand fully what you desire regarding the management of your estate after you are gone. They will use this information to help you draw up a will and help with the execution of the will after you are gone. Here are a few things you should know about Estate Planning Law.
Preparation of a power of attorney
It is important to issue power of attorney to one person that you trust. This person will have the authority to access your bank accounts and other assets in case you become incapacitated. The lawyer will help you draw up a legally complete power of attorney beforehand.
Preparing the will
The other service that the lawyer offers is preparation of the will. As stated, when you have written will, your loved ones will know how you would have liked the estate to be administered. The presence of a will reduce the possibility of getting into fights among family members because of property related issues. A will also makes it possible for you list all your assets, even those that your family may not know of, so that they will not go to waste when you are gone.
Helping you avoid guardianship for minors
The reality about life is that not everyone close to you will have your best interests at heart. In case you died or got incapacitated and are survived by minors, the state may impose guardianship on your children and the estate till they are of age to execute the estate. When you get a lawyer and draw up a will, you will decide on a person that will execute the will until your kids come of age.
These are some of the services that you will get from a competent Estate Planning Law expert. As you can see, it is a great idea to start planning your estate as early in life as possible because life is unpredictable. Gnuse & Green Law have lawyers that can help you with all the planning and execution of your estate.
