Estate planning attorneys, also referred to as estate law attorneys or probate attorneys, are experienced and licensed law professionals with a thorough understanding of the state and federal laws. Estate planning attorneys in Scottsdale know how your estate will be inventoried, valued, dispersed, and taxed after your death.
In addition to educating you about the probate process, they can assist you with the following tasks:
Creating a will
Designating your beneficiaries
Establishing durable power of attorney and medical durable power of attorney
Finding ways to reduce and avoid estate tax when possible
Finding ways to avoid the probate court process
Setting up any trusts you might need to protect your assets, both for your own benefit during your lifetime in the event of incapacity, and for the benefit of your beneficiaries after your death. With a well drafted strategy, you can enjoy a host of benefits that save you time and money in the long run.
Estate planning attorneys often charge a flat fee to help you craft binding legal documents such as wills and durable power of attorney, but they can also be employed on an hourly basis to help you maintain your estate, act on your behalf to handle disputes when called upon, and ensure that your will is carried out according to plan when required.