{"id":93985,"date":"2024-03-20T09:01:11","date_gmt":"2024-03-20T09:01:11","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=93985"},"modified":"2024-03-20T09:01:11","modified_gmt":"2024-03-20T09:01:11","slug":"what-do-estate-planning-lawyers-do","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/","title":{"rendered":"What do estate planning lawyers do?"},"content":{"rendered":"<p>What do estate planning lawyers do?<\/p>\n<p>Estate planning lawyers are legal professionals who specialize in helping individuals and families plan and manage their estate, ensuring that their assets and wishes are protected and carried out after their passing. They possess a comprehensive understanding of laws and regulations related to wills, trusts, and other estate planning tools. Let&#8217;s take a closer look at the crucial roles and responsibilities of estate planning lawyers.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#FAQs_about_estate_planning_lawyers\" title=\"FAQs about estate planning lawyers:\">FAQs about estate planning lawyers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#1_What_is_estate_planning\" title=\"1. What is estate planning?\">1. What is estate planning?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#2_Why_do_I_need_an_estate_planning_lawyer\" title=\"2. Why do I need an estate planning lawyer?\">2. Why do I need an estate planning lawyer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#3_What_services_do_estate_planning_lawyers_provide\" title=\"3. What services do estate planning lawyers provide?\">3. What services do estate planning lawyers provide?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#4_When_should_I_consult_an_estate_planning_lawyer\" title=\"4. When should I consult an estate planning lawyer?\">4. When should I consult an estate planning lawyer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#5_Can_I_create_my_own_estate_plan\" title=\"5. Can I create my own estate plan?\">5. Can I create my own estate plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#6_How_can_an_estate_planning_lawyer_help_with_minimizing_taxes\" title=\"6. How can an estate planning lawyer help with minimizing taxes?\">6. How can an estate planning lawyer help with minimizing taxes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#7_What_is_a_will_and_why_is_it_important\" title=\"7. What is a will, and why is it important?\">7. What is a will, and why is it important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#8_What_is_a_trust\" title=\"8. What is a trust?\">8. What is a trust?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#9_Can_estate_planning_lawyers_help_with_business_succession_planning\" title=\"9. Can estate planning lawyers help with business succession planning?\">9. Can estate planning lawyers help with business succession planning?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#10_How_often_should_I_update_my_estate_plan\" title=\"10. How often should I update my estate plan?\">10. How often should I update my estate plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#11_What_happens_if_I_die_without_an_estate_plan\" title=\"11. What happens if I die without an estate plan?\">11. What happens if I die without an estate plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#12_How_much_does_it_cost_to_hire_an_estate_planning_lawyer\" title=\"12. How much does it cost to hire an estate planning lawyer?\">12. How much does it cost to hire an estate planning lawyer?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_estate_planning_lawyers\"><\/span>FAQs about estate planning lawyers:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_estate_planning\"><\/span>1. What is estate planning?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning refers to the process of preparing, managing, and arranging for the efficient transfer of assets to beneficiaries or charities at the time of a person&#8217;s death.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Why_do_I_need_an_estate_planning_lawyer\"><\/span>2. Why do I need an estate planning lawyer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn estate planning lawyer can help you navigate complex legal matters, reduce tax liabilities, protect your assets, ensure your wishes are clearly stated, and provide peace of mind.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_services_do_estate_planning_lawyers_provide\"><\/span>3. What services do estate planning lawyers provide?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning lawyers offer a wide range of services, including drafting wills, creating trusts, establishing powers of attorney, minimizing estate taxes, setting up charitable donations, and resolving any disputes that may arise.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_When_should_I_consult_an_estate_planning_lawyer\"><\/span>4. When should I consult an estate planning lawyer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt&#8217;s recommended to consult an estate planning lawyer whenever you experience significant life events, such as marriage, divorce, the birth of a child, or the acquisition of substantial assets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_I_create_my_own_estate_plan\"><\/span>5. Can I create my own estate plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile it&#8217;s possible to create a basic estate plan without professional help, working with an estate planning lawyer ensures that all legal requirements are met and your wishes are properly documented to avoid potential issues.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_How_can_an_estate_planning_lawyer_help_with_minimizing_taxes\"><\/span>6. How can an estate planning lawyer help with minimizing taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning lawyers can employ various strategies, like establishing trusts, gifting assets, or structuring life insurance policies, to minimize estate taxes and maximize the wealth passing to your beneficiaries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_is_a_will_and_why_is_it_important\"><\/span>7. What is a will, and why is it important?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA will is a legal document that outlines your wishes regarding the distribution of your assets and the care of any dependents after your death. It is essential for ensuring that your estate is managed according to your desires.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_What_is_a_trust\"><\/span>8. What is a trust?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA trust is a legal arrangement where a trustee holds and manages assets on behalf of beneficiaries according to specific instructions. Trusts can often provide additional control, flexibility, and privacy compared to wills.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Can_estate_planning_lawyers_help_with_business_succession_planning\"><\/span>9. Can estate planning lawyers help with business succession planning?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, estate planning lawyers can assist business owners with developing strategies to ensure a smooth transition of their business to a successor, whether it&#8217;s a family member, key employee, or other party.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_How_often_should_I_update_my_estate_plan\"><\/span>10. How often should I update my estate plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt is generally recommended to review and update your estate plan every three to five years or whenever significant life changes occur, such as marriage, divorce, birth, or death in the family.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_What_happens_if_I_die_without_an_estate_plan\"><\/span>11. What happens if I die without an estate plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you pass away without an estate plan, the distribution of your assets will be subject to state laws, which may not align with your wishes. It can also lead to potential family disputes and unnecessary financial burdens.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_much_does_it_cost_to_hire_an_estate_planning_lawyer\"><\/span>12. How much does it cost to hire an estate planning lawyer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of hiring an estate planning lawyer can vary depending on their experience, location, and the complexity of your estate. It&#8217;s best to discuss fees and payment structures during your initial consultation.<\/p>\n<p>In summary, estate planning lawyers play a vital role in assisting individuals with the creation, management, and implementation of their estate plans. Their expertise in navigating complex legal matters helps ensure that your assets are protected, your wishes are carried out, and your loved ones are taken care of in the future. Whether you are starting from scratch or need to update an existing plan, consulting with an estate planning lawyer can provide you with the necessary guidance and peace of mind to secure your legacy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do estate planning lawyers do? Estate planning lawyers are legal professionals who specialize in helping individuals and families plan and manage their estate, ensuring that their assets and wishes are protected and carried out after their passing. They possess a comprehensive understanding of laws and regulations related to wills, trusts, and other estate planning &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What do estate planning lawyers do?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#more-93985\">Read more<span class=\"screen-reader-text\">What do estate planning lawyers do?<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-93985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What do estate planning lawyers do?<\/title>\n<meta name=\"description\" content=\"What do estate planning lawyers do? 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Estate planning lawyers are legal professionals who specialize in helping individuals and families plan and manage\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synchronyfinancial\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-20T09:01:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2024\/03\/faq.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Joey Sampson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synchrony\" \/>\n<meta name=\"twitter:site\" content=\"@synchrony\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joey Sampson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/\"},\"author\":{\"name\":\"Joey Sampson\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/05e32641a6be0cd6135a124ef18e47d8\"},\"headline\":\"What do estate planning lawyers do?\",\"datePublished\":\"2024-03-20T09:01:11+00:00\",\"dateModified\":\"2024-03-20T09:01:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/\"},\"wordCount\":650,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"articleSection\":[\"Learn\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/what-do-estate-planning-lawyers-do\/\",\"name\":\"What do estate planning lawyers do?\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\"},\"datePublished\":\"2024-03-20T09:01:11+00:00\",\"dateModified\":\"2024-03-20T09:01:11+00:00\",\"description\":\"What do estate planning lawyers do? 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