While no one likes thinking about what will happen after they're gone, planning for the future can ensure that your wishes will be respected and your loved ones will be taken care of. However, attending to all the details, from the distribution of your assets to empowering those you trust to act on your behalf, can be overwhelming, which is why the guidance of an experienced estate lawyer can be so important.

Some Common FAQs About Hiring an Estate Lawyer

What Is Estate Planning?

A comprehensive estate plan involves writing a will, ensuring that your wishes will be respected after you pass away, as well as powers of attorney that allow your loved ones to manage your affairs if you're incapacitated. Life insurance is also a critical component of your estate plan, especially if others rely on you for financial support.

How Can an Estate Lawyer Help?

After evaluating your needs, an estate lawyer will guide you toward the solutions best suited for your situation, draw up documents, and identify potential problems you may not have considered. They can assist in determining how much life insurance you may need, ensure that all your assets are included in the will, and write powers of attorneys and a will that accurately reflect your wishes.

Can an Estate Lawyer Save My Heirs Money?

For some families, establishing a living trust can save time and money by avoiding the probate process. Your estate lawyer will be able to recommend the ideal inheritance vehicles for your particular situation, potentially minimizing tax penalties for your beneficiaries.

What if My Life Circumstances Change?

Estate planning documents should be regularly updated, especially after the loss or acquisition of a major asset, a marriage, or the death of a spouse. Having an estate lawyer review your plan provides peace of mind for both you and the loved ones you'll leave behind.

Robert A. Schwartz is a Rochester, NY, estate lawyer with over 30 years' experience guiding families through the complex and delicate process of planning for the future. Visit his website now to see a comprehensive list of legal services he offers, follow his Facebook page for more legal advice, or call (585) 351-2929 to make an appointment.