In the city of Cincinnati, estate planning attorneys are in demand. As executives from General Electric, Procter & Gamble, TriHealth, Macy’s, and Kroger approach retirement age, there are many families looking to establish their estate paperwork, or review documents that may have been created many years before. These legal teams will help them prepare the documents that will ensure financial stability for their children and grandchildren.
How do these attorneys do this? And what is their background?
Understanding The Role Of Estate Planning Attorneys
For one, these attorneys are all bar-certified. They have all graduated from reputable law schools, and have passed the bar examination in the state of Ohio. Only legal professionals with valid credentials are able to engage in estate planning projects.
The papers these attorneys help draft — including wills and trusts — outline the plans for distribution. These plans dictate how property, investment accounts, and other assets will be distributed among beneficiaries.
Charitable contributions, life insurance policies, and retirement plans also figure into the work that these estate planning attorneys take on. The planning always involves protecting the investment assets. The attorneys also make sure that insurance policies are paid in full (i.e. valid), up to date, and honored by the granting companies in question.
Attorneys who work in this field are experienced and knowledgeable regarding both the relevant laws and legal precedents, as well as the ethics of estate law. They also do a great deal of detailed research into the Uniform Probate Code. This Code imposes the limits and rules on trusts and will documentation. Legal documents that go against the strictures of the Uniform Probate Code can be challenged in court, so legal teams working on estate planning take special care to stay within the bounds of these rules.