An estate planning attorney is also known as a personal representative of a person’s estate, who is designated to handle any specific legal demands made by any estate-planning authority. In reality, an estate planning attorney could help you prevent probate court from even taking place, but again, that mostly depends on how the assets in the deceased’s estate are to be transferred and how they are technically allowed to be done. This is the part where an estate planning attorney would come in. If you’re dealing with a loved one who has passed on, then chances are good that they had a will, and it is also quite likely that they had a living trust, so chances are good that there are some specific legal requirements associated with these two entities. Do you want to learn more? Visit Chapel Hill Estate Planning Attorney
Once you have decided to appoint an estate planning attorney to assist you, it is very important that you follow through on all of the instructions given by them. They would advise you on how to set up your trust, for example. They would also inform you as to what you can and cannot do with the assets in the trust and what restrictions you might have if you attempt to do anything with the property. It is your responsibility to hire an attorney to help you with this. Don’t take this lightly, or else you could be heading for trouble.
A lot of people are surprised by the fact that the cost of an estate planning attorney really isn’t that high. They may think that hiring such an individual would cost them thousands of dollars right away. However, the fees that are involved really aren’t exorbitant, and it really is quite reasonable considering the probate process itself. So consider this: the lawyer will take care of the probate process, which is basically the last step before your property is passed onto your loved ones. He or she will also guide you on how to make use of the assets that you do have, thus protecting them for the future.