estate planning documents

A probate and estate lawyer in Cincinnati can be a valuable advocate as you prepare for the future and protect your loved ones. Estate lawyers typically offer many services depending on their clients’ needs and circumstances. Here, we cover what Estate Attorneys do and their primary tasks.

Draft “Last Will” documents

Attorneys in estate law have extensive knowledge of Wills and their legal directives. These professionals ensure the proper drafting, signing, and execution of these documents. Estate Attorneys also explain to their clients what Wills can and cannot do and what they can stipulate.

Help with financial plans to reduce estate tax burden

Many clients seek help from estate attorneys to reduce the taxes their estates will owe after they’re gone. For example, an estate lawyer can show you how to transfer assets to avoid tax liability or maintain a lower tax rate. Because estate laws often change rapidly, it’s a lawyer’s job to stay on top of the latest legal developments and help you be aware of all the economic tools and strategies available.

Protect assets from creditors after your death

Many people worry about lingering debts after death and creditors laying claim to any remaining funds. An experienced estate attorney can implement robust legal protections against aggressive and persistent debt collectors.

Plan living trusts

An essential component of estate planning is a living trust, which you set up and goes into effect after death. While you’re still alive, a living trust allows you to designate a trustee to manage and distribute your assets to beneficiaries based on your terms. In addition to identifying beneficiaries, a living trust lets you set a schedule to disburse assets and funds.

Create healthcare directives and delegate a power of attorney

Through estate planning, you can ensure your medical wishes and end-of-life directives are clear and indisputable. A lawyer can also advise you on delegating power of attorney to someone you trust. These measures help your family avoid conflict and uncertainty that usually results when you can no longer communicate your wishes.

Avoid probate processes and unnecessary legal fees

One of the most loving things you can do for your family is to reduce their financial and logistical burdens after your death. With the guidance of an estate attorney, you can help your family avoid most of the conflicts and time otherwise spent on probate and other estate-related issues. Working with an estate lawyer before your passing will allow your loved ones to focus more on what matters later.

Donnellon, Donnellon & Miller—Your Estate Planning Experts in Cincinnati

Take charge of your estate planning now; your family will thank you posthumously. By taking legal measures that communicate your intentions and preferences clearly, you’ll allow your loved ones to focus on being there for each other during their time of grief. At Donnellon, Donnellon & Miller, an experienced Cincinnati estate planning lawyer can answer your questions and help you take the first step. Call our office today at 513.891.7087.