An estate lawyer is one who helps in the distribution and management of assets and property of decedent as well as other concerned duties. For such matters you can hire estate lawyer ottawa . These lawyers not only in the estate planning but drafting and implementing of the required legal documents which may be wills or trusts that have to go to beneficiaries. The estate law is quite similar to family law; hence the lawyer would have to arrange for organising the transfer of the estate to the beneficiaries mentioned in the will.
What they do
Such lawyers also can help the clients to reduce their tax or fees paid on the estate. This would definitely need sound knowledge of the law. There are times when the lawyer will have to pull in restrictions on the estate to see that the client’s wishes are not met. The lawyers can also help in overseeing
- The retirement plans
- Life insurance policies
- Charitable contributions
An estate lawyer will not only oversee the distribution of the will and the other things concerning it but also be able to help make drafts of living trusts. The lawyer should be able to make plans and mitigate them when dealing with estate taxes or how to avoid paying substantial m]amounts by the way of taxes. The lawyer should be able to help you devise ways to ensure that the life’s savings and assets remain safe with the beneficiaries when the decedent is no more.
The lawyer should be able to make a power of attorney or make a health care directive. He should be able arrange a person who would look into your affairs for you when the client is physically or mentally incapacitated. There are times when friends, family or the lawyer may advise for a guardianship, but it is the prerogative of the client can decline and the lawyer can certainly help in this
The estate lawyer has to have the following qualities
- Experienced and should have specialised in dealing with family and financial situations.
- Maintain confidentiality in matters when sharing details when laying out the estate plans in the will for the inheritors or the beneficiaries.
- The need to be well versed as in the current laws of the state will be the ideal candidate to appoint as the estate lawyer.
If the above qualities don’t qualify in the lawyer appointed, then the plan made would then become invalid or not as you would want it to be. If you don’t get the right plan in place the probate court which will be the place where the beneficiaries will contest will drag the case on and on and there won’t be a respite in a long time after the death of the deceased and would be of much pain to many along with a lot of time and money at stake. If the a well planned estate plan is worked out with an experienced and qualified lawyer who know his job well, it would become easier to solve any disputes if any arose and settle the issues amicably without much bad blood flowing.