After your death or the death of a loved one, dealing with the deceased's estate can get challenging. While there are measures, like wills, to prevent complications, you may need extra help dealing with an estate. Also, if you want to plan for what happens after your death, you may need advice on how to deal with your assets. For many issues regarding an estate, an estate lawyer's knowledge will come in handy. Here's what to know about estate lawyers and the services they offer.
When One Comes In Handy
The first thing to know about estate attorneys is when it's a good idea to hire one. There are many situations when having an attorney will be beneficial, but one isn't always needed. If you have a lot of assets, a blended family, a disabled dependent, or other situations that make for a complex estate plan, you'll want to hire an estate lawyer to help. Even if you feel like your situation is straightforward, seeking the advice of an attorney is still something you may want to consider.
What They Can Do For You
Knowing what services estate lawyers offer is also crucial. Estate attorneys can help you do more than draft a will. Some services estate lawyers offer include helping to set up trusts, appointing guardians for children or dependents, transferring assets, tax planning, and more. Estate planning is often complex, and you'll have to account for many state and federal laws and regulations. An attorney will walk you through the complicated estate planning process and ensure that your assets are accounted for and your beneficiaries are taken care of.
What Their Services Cost
A few things impact the cost of an attorney's services. First, the complexity of your estate will affect what you pay. The more complex the estate, the more an estate attorney will charge. Second, a lawyer's experience also impacts what they charge for their services. Finally, what you require from an attorney also affects your bill. Some attorneys charge by the hour, while others charge a flat rate for their services. The average estate lawyer charges $250 to $310 per hour.
There are a few things to know about estate lawyers. First, if you are planning your estate, the services of an attorney will be beneficial. Second, there's a lot that a lawyer can do for you to ensure that your estate is taken care of. Finally, the cost of a lawyer depends on their experience and your needs.
Contact a local estate lawyer to learn more.