5 Things to Know About Estate Planners

Monday, November 8, 2021

Are you tired of searching for "best estate planners near me" without finding what you need to know?

The National Institute on Aging recommends getting your legal documents in order as part of getting your affairs in order. If you know that you need help with that process, the anxiety of looking for estate planners can feel overwhelming.

Luckily, there are five essential things you need to know in the following paragraphs. Find what you've searched for by reading this article, and finally understand the answer to the question, "What do estate planners do?"

1. Finalizing Your Will According to the Law

Self-serve legal documents can go a long way, but they may not stand up to attacks from warring relatives. If you want to ensure that you avoid loopholes or weak points, hiring an estate lawyer can be necessary.

Furthermore, each state has its unique way of approaching estate planning concerns like probate. For this reason and many others, you want someone to teach you about tax law to shore up your plans.

2. They Can Help You Avoid Probate

Creating you will and moving on to Googling "estate sale planners near me" isn't enough. If you want to avoid probate for your estate, your estate planner can help you protect that interest.

This process is unavoidable in some states, but it can be less painful or necessary regardless. If applicable, the best planners for real estate agents can also help their clients.

3. Estate Planners Help You Consider Different Types of Trusts Carefully

While getting your will right is crucial, having trusts in place is equally critical. Your estate planner can run you through options like the following:

  • Revocable Trusts
  • Irrevocable Trusts
  • Charitable Trusts
  • Testamentary Trusts

By design, each one of these options has its advantages and disadvantages. While one or more make sense for yourself, your neighbor may define the perfect trust differently. If you prepare these legal entities properly, estate sale planners will only have what you left out to organize their efforts.

4. Consider Meeting with an Estate Planner Annually

Unfortunately, estate planning is not a "one and done" type of task. Significant life events like getting married, having children, or deaths in the family can change your calculus. Even if you still don't understand the difference between a trustee and executor, it's worth your time to make this a priority.

5. Living Wills Are Not What You May Think

You may hear this term and assume that it means something that it doesn't. While you can change this document later, its true purpose is to give directions for medical care. For example, a do not resuscitate order may get included in a living will.

Need to Know More About Estate Planners?

Estate planners can help you accomplish tasks like avoiding probate or creating a living will. But, now that you understand the five essentials, what happens next?

Monastra & Grater, LLC (MG Law) has the experience anyone with real estate concerns can benefit from in southeastern Pennsylvania. Contact us today, and a member of our hardworking team will contact you right away!

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