{"id":94732,"date":"2024-03-20T11:15:08","date_gmt":"2024-03-20T11:15:08","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=94732"},"modified":"2024-03-20T11:15:08","modified_gmt":"2024-03-20T11:15:08","slug":"what-does-an-estate-planning-lawyer-do","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/","title":{"rendered":"What does an estate planning lawyer do?"},"content":{"rendered":"<p>Estate planning is a crucial aspect of ensuring the smooth transfer of one&#8217;s assets and wealth after passing away. An estate planning lawyer plays a vital role in this process, providing expert guidance and assistance to individuals in structuring their estates. Let&#8217;s delve deeper into how these knowledgeable professionals can help navigate the intricate realm of estate planning.<\/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-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#The_Role_of_an_Estate_Planning_Lawyer\" title=\"The Role of an Estate Planning Lawyer\">The Role of an Estate Planning Lawyer<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#1_Drafting_wills_and_trusts\" title=\"1. Drafting wills and trusts\">1. Drafting wills and trusts<\/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-does-an-estate-planning-lawyer-do\/#2_Asset_protection\" title=\"2. Asset protection\">2. Asset protection<\/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-does-an-estate-planning-lawyer-do\/#3_Establishing_power_of_attorney\" title=\"3. Establishing power of attorney\">3. Establishing power of attorney<\/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-does-an-estate-planning-lawyer-do\/#4_Medical_directives\" title=\"4. Medical directives\">4. Medical directives<\/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-does-an-estate-planning-lawyer-do\/#5_Minimizing_taxes\" title=\"5. Minimizing taxes\">5. Minimizing taxes<\/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-does-an-estate-planning-lawyer-do\/#6_Probate_assistance\" title=\"6. Probate assistance\">6. Probate assistance<\/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-does-an-estate-planning-lawyer-do\/#7_Business_succession_planning\" title=\"7. Business succession planning\">7. Business succession planning<\/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-does-an-estate-planning-lawyer-do\/#8_Special_needs_planning\" title=\"8. Special needs planning\">8. Special needs planning<\/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-does-an-estate-planning-lawyer-do\/#9_Review_and_update\" title=\"9. Review and update\">9. Review and update<\/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-does-an-estate-planning-lawyer-do\/#10_Executor_guidance\" title=\"10. Executor guidance\">10. Executor guidance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#1_How_often_should_I_update_my_estate_plan\" title=\"1. How often should I update my estate plan?\">1. 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-14\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#2_Can_I_draft_my_own_will_without_a_lawyer\" title=\"2. Can I draft my own will without a lawyer?\">2. Can I draft my own will without a lawyer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#3_What_happens_if_I_die_without_a_will\" title=\"3. What happens if I die without a will?\">3. What happens if I die without a will?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#4_Can_an_estate_plan_help_reduce_estate_taxes\" title=\"4. Can an estate plan help reduce estate taxes?\">4. Can an estate plan help reduce estate taxes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#5_Do_I_need_an_estate_plan_if_I_dont_have_significant_assets\" title=\"5. Do I need an estate plan if I don&#8217;t have significant assets?\">5. Do I need an estate plan if I don&#8217;t have significant assets?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#6_What_is_a_living_will\" title=\"6. What is a living will?\">6. What is a living will?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#7_Can_I_change_my_estate_plan_after_its_been_created\" title=\"7. Can I change my estate plan after it&#8217;s been created?\">7. Can I change my estate plan after it&#8217;s been created?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#8_What_makes_a_will_valid\" title=\"8. What makes a will valid?\">8. What makes a will valid?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#9_What_is_a_power_of_attorney\" title=\"9. What is a power of attorney?\">9. What is a power of attorney?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#10_Can_an_estate_planning_attorney_help_with_elder_law_issues\" title=\"10. Can an estate planning attorney help with elder law issues?\">10. Can an estate planning attorney help with elder law issues?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#11_Are_estate_planning_services_expensive\" title=\"11. Are estate planning services expensive?\">11. Are estate planning services expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#12_How_can_I_find_a_reputable_estate_planning_lawyer\" title=\"12. How can I find a reputable estate planning lawyer?\">12. How can I find a reputable estate planning lawyer?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Role_of_an_Estate_Planning_Lawyer\"><\/span>The Role of an Estate Planning Lawyer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An estate planning lawyer specializes in managing legal matters related to the distribution of assets and properties after death. They possess a comprehensive understanding of state and federal laws governing estates, taxes, wills, and trusts. Collaborating closely with clients, estate planning attorneys create personalized strategies to protect assets, minimize taxes, and transfer wealth according to clients&#8217; wishes. Here are some of the primary responsibilities and services provided by an estate planning lawyer:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Drafting_wills_and_trusts\"><\/span>1. Drafting wills and trusts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning lawyers guide individuals through the process of preparing wills and trusts. They ensure the legality, clarity, and effectiveness of these documents, which are essential for expediting asset distribution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Asset_protection\"><\/span>2. Asset protection<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning attorneys employ various strategies to protect assets from potential risks such as creditors, lawsuits, or beneficiaries&#8217; poor financial decisions. This involves setting up legal structures such as trusts or limited liability companies (LLCs).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Establishing_power_of_attorney\"><\/span>3. Establishing power of attorney<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn estate planning lawyer helps clients designate someone they trust to make financial or healthcare decisions on their behalf if they become incapacitated or unable to do so themselves.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Medical_directives\"><\/span>4. Medical directives<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThese legal professionals assist in drafting medical directives such as living wills or healthcare proxies. These documents ensure that an individual&#8217;s medical wishes are honored in case they become unable to communicate or make decisions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Minimizing_taxes\"><\/span>5. Minimizing taxes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning attorneys employ various tax planning strategies to minimize estate taxes, gift taxes, and generation-skipping transfer taxes. They provide guidance on lawful techniques such as creating charitable trusts or gifting strategies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Probate_assistance\"><\/span>6. Probate assistance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDuring the probate process, an estate planning lawyer guides the executor or personal representative of an estate through the legal proceedings, ensuring compliance with probate laws, resolving disputes, and facilitating the smooth transfer of assets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Business_succession_planning\"><\/span>7. Business succession planning<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFor individuals who own businesses, estate planning attorneys help create strategies for a seamless transition of ownership, ensuring the continuity and success of the enterprise.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Special_needs_planning\"><\/span>8. Special needs planning<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning lawyers assist families in planning for the future of a loved one with special needs. They develop trust-based strategies that protect eligibility for government benefits while providing necessary financial support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Review_and_update\"><\/span>9. Review and update<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn estate planning lawyer periodically reviews and updates estate plans to accommodate changes in laws, personal circumstances, or financial situations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Executor_guidance\"><\/span>10. Executor guidance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEstate planning attorneys advise executors or personal representatives on their duties, rights, and obligations during the administration of an estate, ensuring compliance with legal requirements.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_How_often_should_I_update_my_estate_plan\"><\/span>1. How often should I update my estate plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt is recommended to review your estate plan every three to five years, or when significant life events occur, such as marriage, divorce, birth of a child, or changes in financial status.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Can_I_draft_my_own_will_without_a_lawyer\"><\/span>2. Can I draft my own will without a lawyer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile it is possible to draft a will on your own, it is advisable to consult an estate planning lawyer to ensure its legality and to address complex matters effectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_happens_if_I_die_without_a_will\"><\/span>3. What happens if I die without a will?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDying without a will, known as dying intestate, makes the distribution of assets subject to state intestacy laws, potentially leading to unintended beneficiaries and a lengthier probate process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_an_estate_plan_help_reduce_estate_taxes\"><\/span>4. Can an estate plan help reduce estate taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, an estate plan created in collaboration with an experienced estate planning lawyer can implement various strategies to minimize estate taxes, such as establishing trusts or gifting strategies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Do_I_need_an_estate_plan_if_I_dont_have_significant_assets\"><\/span>5. Do I need an estate plan if I don&#8217;t have significant assets?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nHaving an estate plan is not solely about wealth but also about personal preferences and minimizing family disputes. It is recommended for everyone, regardless of the size of their estate.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_is_a_living_will\"><\/span>6. What is a living will?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA living will is a legal document that outlines an individual&#8217;s preferences for end-of-life medical care, specifying treatments they wish to receive or refuse in certain medical situations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_I_change_my_estate_plan_after_its_been_created\"><\/span>7. Can I change my estate plan after it&#8217;s been created?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAbsolutely! An estate plan is not set in stone and can be amended as circumstances change. It is essential to review and update the plan periodically or after any significant life events.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_What_makes_a_will_valid\"><\/span>8. What makes a will valid?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTo be valid, a will must meet certain criteria such as being in writing, signed by the testator, witnessed by individuals not benefiting from the will, and complying with state-specific requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_is_a_power_of_attorney\"><\/span>9. What is a power of attorney?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA power of attorney is a legal document that authorizes a designated person to act on behalf of another person, known as the principal, in financial or legal matters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_an_estate_planning_attorney_help_with_elder_law_issues\"><\/span>10. Can an estate planning attorney help with elder law issues?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, estate planning lawyers often specialize in elder law, providing legal assistance and guidance on matters such as long-term care, Medicaid planning, and guardianship.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Are_estate_planning_services_expensive\"><\/span>11. Are estate planning services expensive?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of estate planning services varies depending on the complexity of one&#8217;s estate and the services required. However, considering the potential benefits, the cost is generally considered reasonable and well worth it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_can_I_find_a_reputable_estate_planning_lawyer\"><\/span>12. How can I find a reputable estate planning lawyer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSearching for recommendations from friends, family, or trusted professionals can be a great starting point. Additionally, checking credentials, certifications, and online reviews can help ensure you find a reputable estate planning attorney.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estate planning is a crucial aspect of ensuring the smooth transfer of one&#8217;s assets and wealth after passing away. An estate planning lawyer plays a vital role in this process, providing expert guidance and assistance to individuals in structuring their estates. Let&#8217;s delve deeper into how these knowledgeable professionals can help navigate the intricate realm &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What does an estate planning lawyer do?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-does-an-estate-planning-lawyer-do\/#more-94732\">Read more<span class=\"screen-reader-text\">What does an estate planning lawyer 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-94732","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 does an estate planning lawyer do?<\/title>\n<meta name=\"description\" content=\"Estate planning is a crucial aspect of ensuring the smooth transfer of one&#039;s assets and wealth after passing away. 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