Tue. Mar 19th, 2024

The Services Offered By An Estate Lawyer

When it comes to running an estate or taking over an estate from a recently deceased loved one, hiring an estate lawyer Toronto should be the first step in the process. Running an entire estate can be a daunting task that most people are not prepared to accomplish completely on their own. An attorney can help to protect and preserve wealth from an estate during your lifetime. An estate lawyer will help navigate the legal boundaries of running an estate and distributing your wealth following your passing. This is a highly important and completely personal decision, though.

When it comes to running an estate or taking over an estate from a recently deceased loved one, hiring an estate lawyer should be the first step in the process. Running an entire estate can be a daunting task that most people are not prepared to accomplish completely on their own. An attorney can help to protect and preserve wealth from an estate during your lifetime. An estate lawyer will help navigate the legal boundaries of running an estate and distributing your wealth following your passing. This is a highly important and completely personal decision, though.

Being Organized

To start, when meeting with your estate lawyer, be sure to have all necessary documents organized and prepared. These include lists of your assets, liabilities, and any title arrangements. Think about any feelings you may have regarding any close family members, as they will be the individuals receiving your estate when the time comes.

The majority of lawyers who handle estate law will have some form of a questionnaire prepared for their clients to make the entire process easier. The attorney will generally take you step-by-step through the entire document and process to ensure all of your bases are covered before moving any further.

After this is completed, be sure to make copies of all the documents for your estate. Any previous wills, trusts, powers of attorney, life insurance policies, employment benefits, or divorce decrees should be copied and put somewhere for safe keeping. You never know when you may need these later, especially if you intend to change your estate down the line. The more you can provide the attorney, the better job they can do.

Range of Services

Most lawyers working with your estate will offer a variety of different services. These include:

  • Business Succession Planning
  • Family Business Planning
  • Estate Planning
  • Marital Agreements
  • Gift Tax
  • Trust & Estate Admin Responsibilities
  • Trust & Estate Litigation

Personal Goals

Most people spend their lifetime trying to achieve some type of a personal goal, whether that is to care for their children, retire somewhere foreign with your significant other, or perhaps open a business to ease your mind during retirement. The people differ, but the goals usually remain the same. The most important service offered by an estate attorney is advice and direction in acquiring that goal in the most effective and easiest manner possible. An estate plan will, after the intended time, dispose of your assets in the way you wished and help ensure your personal goals are looked after and achieved. Most want to care for their families after their passing, and an attorney will ensure that happens. You may want to visit Holmberg Watson Business & Estate Lawyers for more info and insights.