Reasons to Hire an Estate Planning Attorney in Portland, Oregon
Considering to hire an estate planning attorney is a good move and a serious thing. In real estate, a single wrong word or a missed signature can turn things around. These reasons should inform you why an estate planning lawyer is an essential person to involve in drafting your estate plan documents perfectly.
Most states require that you be specific on various matters. A qualifies estate planning lawyer helps you in avoiding some of the mistakes that would later cost you significantly. There are states that are very clear on who can be included or excluded in a will, trust, or even a medical cover. There are specifications as well on who can or cannot serve as a personal representative. An estate attorney is there to clear these things before you begin the process to make things easy for you.
It keeps you on toes and aware of the mistakes you should avoid. You may think that you will be saving money by getting forms from the internet in an attempt to prepare estate planning documents but end up deceiving yourself and getting more costs than you would have really encountered. You might be shocked later when you realize that the will or trust was never valid, yet you did not anticipate such a thing coming to reality. An estate planning attorney is there to fix all the mistakes and guide you in the proper part to ensure that your documents are accurate and meets the requirements by the state.
Estate planning attorneys come in handy to solve any complex family or a financial situation. All you need is to look at your life and see if you have any complex are that truly needs the advice of the individual. One complex one is if you are not the first wife in marriage, when you have more than one business, when you have more than one real estate homes, when you have a member of family with disability, if you have minor children, if you have children with a chronic issue, when you are childless, when you want to donate your estate to a charity among other things. If you are in more than one situation, then an estate planning attorney is very crucial at such points. You need expert advice and counseling from the lawyer as they help you create a good estate planning document. If that is not the case, you might find yourself stuck.
In summary, you need an estate planning attorney for them to review and draft several documents and they include a last will and testament, durable medical power of attorney, durable power of attorney, trust, and beneficiary designations. For these services and more in this journey, the estate planning attorney may have a particular flat rate for all the planning and drafting that they do for your documents. If the matters are a bit complicated, especially when they have to be involved in handling disputes, the charges may be higher and how much you are going to pay will depend on the services and where you live in.