Keep These Considerations in Mind When Choosing an Estate Planning Attorney

Although it can be a challenging topic to address, estate planning is critically important for those who wish to have a say in how their property and assets are handled upon their death. A comprehensive estate plan can also allow you to decide things like what type of medical care you want and do not want if something tragic happens to you and who should speak on your behalf if you are incapacitated. Because estate planning is such an important, and often, emotionally difficult process, it is crucial that you choose an estate planning professional who is capable of meeting your unique needs and is trustworthy.

Research Potential Estate Planning Lawyers thoroughly

Do not make the mistake of assuming that all estate planning lawyers are the same. Just as with any other profession, some estate planning professionals are more experienced and knowledgeable than others. Make sure to research your potential estate planning lawyer thoroughly. An inexperienced or less-than-competent estate planning professional can cost you thousands of dollars in unnecessary expenses.

Find out how long potential estate planning lawyers have been in the business. The more real-world experience your lawyer has, the more likely he or she will be able to manage your case effectively. If you have complicating factors such as complex investments, a blended family, or high-value assets, is especially important that you hire an estate planning attorney who has experience successfully managing these types of cases.

Get Cost Estimates

Understandably, cost is an important consideration when it comes to hiring an estate planning professional. Your potential estate planning lawyer should be able to give you an estimate of the costs associated with your estate planning goals. A good estate planning attorney knows that his or her client is looking for estate planning solutions which offer the greatest benefit for the lowest cost. Generally, the amount that estate planning services cost depends on the complexity of the client’s financial and life circumstances and the specific planning tools they require.

Make sure to inquire about ongoing legal assistance as well. Because laws and individuals’ lives are constantly changing, estate planning is rarely a “one and done” situation. Your estate plan will need to be reviewed periodically and updated accordingly. Be sure to find out how your attorney plans to handle updates and whether or not he or she will notify you when a revision might be required.

Contact a Naperville, Illinois Estate Planning Lawyer

The DuPage County estate planning attorneys at the Gierach Law Firm have been successfully serving the needs of clients throughout the Chicago area for over 30 years. To schedule an initial consultation at our firm, call us at 630-756-1160.

Sources:

Forbes

Investopedia