Legacy Wealth Estate Planning Attorneys Spring Valley, NV - Legacy Wealth Estate Planning Attorneys

What is an Estate Planning Attorney?

An estate planning attorney helps families plan for the future by creating legal documents that protect their assets. The best estate planning attorneys have extensive experience drafting and filing these legal documents.

The process of estate planning involves three main steps.

First, a client needs to identify his or her wishes and discuss them with the attorney. Second, the client must complete a detailed questionnaire and review documents to determine the best plan for him or her. Finally, the attorney files the necessary paperwork. An estate planning attorney will walk a client through each step of the process, ensuring that each document is properly filed and executed. An experienced estate planning attorney will also explain the importance of estate planning to his or her clients.

An estate planning attorney is often hired to help clients prepare wills and other legal documents and to file these documents with the court. Estate planning attorneys can also assist clients in protecting their assets from creditors, beneficiaries, and other parties. Many people use an attorney to draft a will before they pass away. This way, their family members will know how to handle their assets after they die. Many people also use an attorney to create a revocable living trust or a durable power of attorney for health care. These documents allow a person to appoint someone to make decisions about their finances or healthcare if he or she is unable to do so. 

An estate planning attorney will also help clients plan for their future if they become incapacitated. This may involve creating a durable power of attorney for health care, which allows a person to designate someone to make medical decisions on their behalf. An estate planning attorney can also help clients decide whether they want to set up a charitable trust. A charitable trust is a legal agreement that directs money to charities instead of an individual or family. With their knowledge of estate planning, an estate planning attorney will be able to help a client understand the importance of establishing a healthcare proxy, and provide them with the necessary information to make an informed decision.

Do I Need an Estate Plan? 

Estate planning is a complicated legal process that involves setting up a variety of documents and procedures so your assets are passed down to your beneficiaries when you die. It is important to understand that estate planning is not just about having a will. There are five basic elements to any estate plan: a will, a durable power of attorney, a healthcare proxy, a trust and a living will. A will is a document that tells the court how you want your property distributed. A durable power of attorney is a legal document that allows someone you designate to take action on your behalf if you become incapacitated. A healthcare proxy is a legal document that allows you to designate someone to make health decisions on your behalf in the event you become unable to do so. A trust is a legal document that holds the assets you own and gives the beneficiary certain rights to the property. A living will is a legal document that tells your family what kind of medical care you would want if you became incapacitated. These documents are the foundation of any estate plan. If you have questions about how to set up your estate plan, speak to a Legacy Wealth Estate Planning Attorneys Spring Valley, NV lawyers today.

What Questions to Ask About Estate Planning?

There are many things that need to be discussed in order to create a proper estate plan. Some of the main topics include: Living Will, Healthcare Proxy, Trust Fund, QPRT, Advanced Healthcare Directive, Power of Attorney, Guardian, Living Wills, Conservatorship, Long Term Care Insurance, Power of Attorney for Health Care, Nursing Home Care, Trust, Charitable Trusts, Will.

What Is The Most Important Decision In Estate Planning?

A family can be broken up by illness, death or divorce. The emotional stress associated with these events can be overwhelming. One of the most important decisions in estate planning is whether to go through probate. In short, probate is the process by which a decedent’s property passes through the court system, where it is inventoried, appraised, and then distributed to the beneficiaries. Probate is expensive and time-consuming. It can take months or years to complete. In addition, probate can leave the estate vulnerable to claims.

Estate planning services can help to avoid the lengthy and expensive process of probate, as well as protect the estate from potential claims, by creating a comprehensive plan that outlines the distribution of assets and provides for the care of dependents.

At Legacy Wealth Estate Planning Attorneys Spring Valley, NV, we help families make the right decisions regarding their estate planning. Our experienced attorneys can provide guidance on how to create a will and trust, avoid probate, minimize taxes, and protect assets from creditors. We are available to meet with you and review your documents so you can make the right choices. We have helped many families in Nevada and throughout the country. Call us now at (702) 904-8108.