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Understanding What An Estate Planning Attorney Does

The estate planning process is the practice of arranging and dispersing an estate in order to minimize the amount of taxes due and to give assets to beneficiaries when the death of someone.

Estate planning lawyer, also referred to as estate law attorneys or probate attorneys are experienced and licensed law professionals with a thorough understanding of the state and federal laws that affect how your estate will be inventoried, valued, dispersed, and taxed after your death.

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You plan your estate through legal entities like trusts, wills, powers of attorney, health care surrogacies, etc. These are critical legal tools that will help your spouse and your family after you die and avoid having your estate go into probate and be settled by a judge. 

Steps In Planning Your Estate

The first of these is to get your documents in order. You will want the names and addresses of all parties that are associated with your assets. 

Bank account information, pension, and retirement plans, insurance information, household inventory lists, debt list, etc. are all things you will want to bring to a meeting with your estate planning attorney. You want to provide as much information as possible so they can prepare your estate plan as well as possible.

Where To Find An Estate Attorney

One of the best ways to begin finding an estate attorney is through references. Ask family members and friends who they would recommend. Other people, you can be of help to such as financial advisors, accountants, attorneys you have used in the past, or contact the local bar association.