Do I need an estate planning or an elder law attorney?
Estate planning is such a misnomer.
First of all, people mistakenly think estate planning is only for the rich. For example, you must have an ‘estate’ first to worry about planning for it.
Secondly, it has less to do with your ‘estate’ and more to do with protecting your family. If you are incapacitated or die, who will care for your loved ones?
It really should be called “family planning” because attorneys help you care for your family for when you are not there. Although “family planning” means something else entirely!
As if estate planning isn’t confusing enough – now when you look for a lawyer, you see many different titles: estate planning or elder law attorney. Even probate lawyer. Which is better for you? Do you need an estate planning or elder law attorney or a probate lawyer?
Estate Planning Attorney
Estate planning attorneys draft documents to handle issues if you are incapacitated and can’t manage your own affairs. They also draft documents that come into effect when you die. Attorneys help you plan for future life events, reduce your taxable estate, and set up guardianships for your young children. For example, such documents are:
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Last will and testament
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Financial power of attorney documents
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Health care power of attorney documents
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Living wills or advance medical directives
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Revocable trusts
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Irrevocable trusts