Estate planning is a crucial aspect of financial planning that many people tend to overlook. It involves making decisions about how your assets will be distributed after your passing, as well as appointing someone to handle your affairs in case you become incapacitated. Hiring an estate planning attorney is essential to ensure that your wishes are carried out effectively and legally.
However, not all estate planning attorneys are created equal, and choosing the wrong one can lead to costly mistakes down the line. To help you avoid these pitfalls, here are some common mistakes to steer clear of when hiring an estate planning attorney.
One of the most common mistakes people make when hiring an estate planning attorney is not doing enough research. Many individuals simply choose the first attorney they come across or rely on recommendations from friends or family without conducting their due diligence. It’s important to thoroughly vet potential attorneys by checking their credentials, experience, and track record before making a decision.
Another mistake to avoid is hiring an attorney who lacks specialization in estate planning attorney near me is a complex area of law that requires specialized knowledge and expertise. Hiring a general practitioner or a lawyer who dabbles in multiple areas of law may result in oversights or errors that could jeopardize your estate plan.
Furthermore, failing to communicate effectively with your chosen attorney can also lead to misunderstandings and misinterpretations of your wishes. Make sure you clearly articulate your goals and desires regarding your estate plan so that your attorney can create a plan tailored to meet your specific needs.
It’s also crucial to review and update your estate plan regularly. Life circumstances change, such as marriage, divorce, birth of children, or acquisition of new assets – all which may necessitate revisions to your existing plan. Failing to keep it up-to-date could result in unintended consequences for your loved ones after you’re gone.
Lastly, don’t forget about fees when hiring an estate planning attorney. While cost shouldn’t be the sole determining factor in selecting an attorney, it’s important to understand how much you’ll be charged for their services upfront. Make sure you have a clear understanding of their fee structure before engaging their services.
In conclusion, hiring an experienced and specialized estate planning attorney is crucial for ensuring that your wishes are carried out smoothly after you’re gone. By avoiding these common mistakes and taking the time to find the right fit for you, you can rest assured knowing that your legacy will be protected for future generations.
The Lawler Group
3133 W. Frye Road Suite 101, Chandler, AZ 85226
480 339 0181
