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3 ways the right estate planning lawyer saves you money

On Behalf of | Sep 2, 2020 | Estate Planning |

If you have not started the estate planning process, you certainly are not alone. In fact, according to the American Association of Retired People, about 60% of Americans do not have even a basic will.

Now is the perfect time to take care of estate planning. To get the best plan possible, and to feel confident in it, you need the right attorney. Here are three ways the right estate planning attorney saves you money.

1. Fewer mistakes

Many people try to write their own will.  While these documents may be technically legal, oftentimes they create more of a mess than if there had been no will at all.  If that happens, you will likely pay more money to an attorney to find and fix the problems. Opting for a lawyer who understands estate planning is a better financial strategy and gives you confidence that it is done right.

2. A comprehensive approach

You may be able to find a generic will online. A will, though, is only one piece of your plan.  A good estate planning attorney will ask you questions so that you consider all the possible opportunities and scenarios.  You may need a living will, a power of attorney, a trust or other documents.  By working with an attorney who can offer comprehensive planning services, you know that your plan will meet your objectives while minimizing death taxes.

3. Follow-up assistance

While writing an estate plan is important, your wishes or personal circumstances may change over time. It is a good idea periodically to review and update your planning documents with someone who makes you comfortable, even when discussing uncomfortable subjects.

Creating a working relationship with an estate planning lawyer ensures you have legal assistance when you most need it.