1 / 9

Tips on Building Your Estate Planning Attorney

A real estate attorney can help you in the right direction. If you find estate planning tricky, you should not feel reluctant to contact a lawyer.

lawcenterwi
Download Presentation

Tips on Building Your Estate Planning Attorney

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tips on Building Your Estate Planning Attorney

  2. Estate Planning • There is no doubt that estate planning is an overwhelming task. There are a number of things that are needed to take care of estate planning. Your one wrong word can change the course of action for your beneficiaries. • That’s why it is beneficial to take the help of an estate planning attorney to sort out your estate planning task. A trained attorney makes the whole process easy as well as free of any hassle for you.

  3. Mistakes that you should avoid while planning your estate • Lack of Information • Old Asset Ownership • Old Beneficiary Designation • Not Updating Power Of Attorney

  4. Lack of Information • There are people who are not aware of estate planning and don’t understand the basics of planning an estate. • If you don’t understand estate planning, it is best to get the basics clear with the help of an attorney. • Many times, clients don’t have an understanding and they are unable to implement the plans suggested by the attorney.

  5. Old Asset Ownership It is necessary to review from time to time and if anything has changed in law, consult an attorney to guide you in the right direction.

  6. Old Beneficiary Designation • Always review beneficiary designation after every couple of years. If there is any change in the family situation, such as a marriage or death of someone, you must review the beneficiary designation. • There are some assets that are not affected by your will. Not updating the beneficiary designation can lead to certain assets to go to people, like ex-spouse.

  7. Not Updating Power Of Attorney • There are many clients who forget to update their power of attorney. It can cause major problems if the power of attorney is in the wrong hands. • In a good estate plan, there are two powers of attorney. The one is for medical care and the other is for other financial matters. People who don’t have either one face troubles.

  8. ”A real estate attorney can help you in the right direction. If you find estate planning tricky, you should not feel reluctant to contact a lawyer”

  9. Address: 125 N. Executive Drive, Suite 210,  Brookfield, WI, 53005 Website: https://www.elderlawcenterofwisconsin.com/ Phone: (262) 812-6262 Fax: (480) 969-0079 Toll Free: (866) 865-3306 Email: info@elderlawcenterwi.com

More Related