As you get older, we often underestimate the importance of a solid and airtight estate plan. A good plan will provide your family peace of mind and assurance that they’ll be taken care of after you die. Estate planning involves plenty of legal paperwork, which is reason enough to work with an experienced Mississippi estate planning attorney.
An attorney knowledgeable in this space will offer guidance about wills, taxes, trusts, power of attorney, and much more. A lawyer is good if you anticipate your will being especially complex or potentially contested. You may also want to bring a financial advisor into the fold who can advise on specific monetary aspects of your will.
Setting Up Vehicles Appropriately
Sure, you can try to set up a will or a power of attorney on your own, but even if one small piece of the document is set up incorrectly, it can invalidate the entire action. An estate planning attorney will know how to do all of these things the right way the first time, so you can worry about what’s most important.
Advice Pertaining to State Law
Your estate planning attorney will be intimately familiar with Mississippi law and know specifically how the state’s succession rules could affect your estate plan.
How Much Does An Estate Planning Attorney Cost?
A reputable estate planning attorney will typically lay out their fees at the first consultation. Rates will vary, but firms may charge a fee for that first consultation to review your needs and see if it’s a mutually appropriate fit. You can ask if this fee applies ahead of time.
Depending on how early in life you begin estate planning, there’ll likely be longer-term maintenance fees. For example, let’s say you and your spouse decide to work with a lawyer at age 68. If your spouse passes away at 75, you’ll probably need to take a deep look at your estate plan. The same will also be true for other familial changes, such as remarriage or gaining a grandchild.
Taking the time to work with an experienced estate planning attorney will help avoid many of the headaches and difficulties that come with asset disorganization after a death. The Law Offices of Rusty Williard can help draft, formalize and execute the right plans for you and your family. Call us today at (601) 824-9797 to speak with one of our qualified estate planning attorneys.