Mortality is something most people would not like to discuss; however, the issue of how one's assets are passed down to beneficiaries necessitates obtaining the service of an estate lawyer. Here are five basic questions one should ask their estate agent.
1. I do not own much in real estate, do I need to hire an estate lawyer?
It does not necessarily need one to own much in real estate to hire an estate lawyer. Regardless of financial power, everyone requires using the services of an estate attorney. Everybody needs to make a Will, Power of Attorney, Advance Directive or Medical Authorization at some point. These documents allow you to give someone power to handle financial or medical decisions on your behalf in life or after you have passed on.
2. What will happen when I die without making a will?
In case you die without a will, your assets will be passed on to your beneficiaries. In the event where you have no beneficiaries, your assets will be liable to a probate. A professional lawyer is the only one who can help you determine who inherits your assets.
3. How do I choose a person to make decisions for me when I cannot make them myself?
Your estate lawyer will be there to help you in reaching this decision. The most suitable person should be one with a sound financial record in managing his finances. In the case of choosing one to handle medical decisions, he should be one who is willing to do what you wish regarding your end of life decisions.
4. Can I register online for my estate planning?
It is possible to register for estate planning online. However, there are some important issues which you can only get answers for in a face to face interaction with your estate attorney. A meeting with your estate lawyer will result in you getting answers to specific queries concerning estate planning.
5. What do I do with my original documents and am I allowed to review them?
You are strongly advised to keep your original documents in a safe place. It can be either a fireproof location within your home or in a safe deposit box. It is important that your estate lawyer knows where you keep these documents.
Every three to five years, you are allowed to do reviews to your documents. To cover major events, that may occur in your life. For example getting married, divorce, producing children or getting grandchildren.
The role of your estate lawyer is to help you mitigate all the eventualities which may arise owing to poor estate planning.
Sebuufu Dennis is a professional writer from Uganda, specializing in articles, eBooks, ghostwriting, blog posts, and SEO. He can be contacted for freelance work at www.seocopywritr.com
1. I do not own much in real estate, do I need to hire an estate lawyer?
It does not necessarily need one to own much in real estate to hire an estate lawyer. Regardless of financial power, everyone requires using the services of an estate attorney. Everybody needs to make a Will, Power of Attorney, Advance Directive or Medical Authorization at some point. These documents allow you to give someone power to handle financial or medical decisions on your behalf in life or after you have passed on.
2. What will happen when I die without making a will?
In case you die without a will, your assets will be passed on to your beneficiaries. In the event where you have no beneficiaries, your assets will be liable to a probate. A professional lawyer is the only one who can help you determine who inherits your assets.
3. How do I choose a person to make decisions for me when I cannot make them myself?
Your estate lawyer will be there to help you in reaching this decision. The most suitable person should be one with a sound financial record in managing his finances. In the case of choosing one to handle medical decisions, he should be one who is willing to do what you wish regarding your end of life decisions.
4. Can I register online for my estate planning?
It is possible to register for estate planning online. However, there are some important issues which you can only get answers for in a face to face interaction with your estate attorney. A meeting with your estate lawyer will result in you getting answers to specific queries concerning estate planning.
5. What do I do with my original documents and am I allowed to review them?
You are strongly advised to keep your original documents in a safe place. It can be either a fireproof location within your home or in a safe deposit box. It is important that your estate lawyer knows where you keep these documents.
Every three to five years, you are allowed to do reviews to your documents. To cover major events, that may occur in your life. For example getting married, divorce, producing children or getting grandchildren.
The role of your estate lawyer is to help you mitigate all the eventualities which may arise owing to poor estate planning.
Sebuufu Dennis is a professional writer from Uganda, specializing in articles, eBooks, ghostwriting, blog posts, and SEO. He can be contacted for freelance work at www.seocopywritr.com
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