Get Your Questions Answered About Estate Planning

What is estate planning?

Estate planning is the process of organizing and preparing for the management and disposition of a person's assets and property during their lifetime and after their death. It typically involves creating legal documents such as a will, trust, or power of attorney, as well as making decisions...

What is the difference between a will and trusts for estate planning?

A will is a legal document that outlines how a person's assets will be distributed after their death. It typically names an executor to manage the distribution of assets, and guardians for any minor children. A will only goes into effect after the person's death and must go through probate...

Is estate planning only for the wealthy?

Estate planning is not only for the wealthy. It is important for anyone who wants to ensure that their assets are distributed according to their wishes and to minimize taxes and other expenses after they pass away. Estate planning can also include providing for loved ones with special needs, or...

How do I write my last will and testament?

Although many people may seek legal advice or hire a lawyer to write their will and testament, your will can be an informal document or there are also many online will services. Make sure to sign your will and you are allowed to have witnesses sign your will as well.Your last will and testament...

What is a Durable Power of Attorney?

A Durable Power of Attorney (DPOA) is a legal document that allows someone (the "principal") to appoint another person (the "agent" or "attorney-in-fact") to act on their behalf in financial and legal matters. The authority given to the agent is durable, meaning it remains...

What is the difference between a Probate Lawyer and an Estate Lawyer?

A probate lawyer specializes in the legal process of administering a deceased person's estate. This includes filing the necessary paperwork, collecting assets, paying debts and taxes, and distributing assets to beneficiaries. During this process your assets are legally transferred to the...

How much does an estate planning attorney cost?

The cost of an estate planning attorney can vary depending on a number of factors, such as the attorney's experience, location, and the complexity of your estate. A simple Will may cost as low as $200, but estate lawyers typically charge by the hour at an average rate of $275 per hour. On...

What should be on my estate planning checklist?

Each person’s estate planning will be different, but some common checklist items and questions to ask are:A will or trust: This document lays out your wishes for how your assets will be distributed after you pass away. Think of any other items or instructions you would like to include in your will....