Do I Need An Estate Planning Attorney?

By: Schilling Funeral Home & Cremation
Monday, August 19, 2019

No one wants to think about funeral homes in Sterling, IL, but its important to plan and protect your family in case anything should happen to you. An estate-planning attorney might be able to help you do that.  

Estate planning attorneys help guide you through the process of deciding how you want to divide your assets, gathering and preparing necessary post-life documents, and making sure your wishes are carried out after you’re gone. These lawyers are important because sometimes, without proper legal advice, affairs are left up to family members that are unsure of your wishes, or, in the worst case, might fight over the decisions. Estate lawyers can help you draft, review, and authorize important documents such as:  

  • Last will and testament 
  • Trust 
  • Durable power of attorney 
  • Medical durable power of attorney 
  • Beneficiary designations  

Like all other lawyers, estate-planning attorneys charge fees. They generally charge a flat rate for prepping your desired documents and a per hour rate for more complicated tasks like handling disputes or carrying out the will. The exact rates depend on where you live and what caliber of lawyer you wish to procure. Be sure to decide on rates up front with your lawyer to protect yourself from getting over charged.  

The questions remains, however, do you need an estate-planning lawyer?  

For most people, the answer is generally no. You don’t really need an estate planning unless:  

  • Your net worth is more than $5 million. If you have a large net worth, your estate might be subject to estate tax. In that case, it’s a good idea to consult a lawyer to make sure that your beneficiaries get what you wish as opposed to it being taken by taxes.  
  • You own large or many properties. Dividing up property can be tricky as titles are held in many ways and there are often confusing technicalities that you might be unaware of. In some cases, you might not even have the right to bequeath certain properties. An experiences lawyer can help guide you through these confusing laws to make sure your property is dealt with appropriately.  
  • You have special circumstances. From children with disabilities to foreign property or heirs, special circumstances and finances are tough to navigate. A specialized estate-planning attorney can show you the way to get through such special circumstances.  

If you’re unsure if you need an estate-planning lawyer, it couldn’t hurt to get a consultation. Remember, most lawyers do charge fees even for consultations, but sometimes peace of mind is worth the small cost. If you have more questions about estate planning, or want to know more about preplanning for your passing, Schilling Funeral Home & Cremation. We offer expert Sterling, IL funeral home services from 702 1st Ave Sterling, IL 61081. You can give us a call at (815) 626-1131 today for more information about what we can do for you and your preplanning.  

Leave a comment
Name*:
Email:
Comment*:
Please enter the numbers and letters you see in the image. Note that the case of the letters entered matters.

Comments

Please wait

Previous Posts

Scattering Ashes After Cremation Services

The choosing and planning is not done once a cremation service in Dixon, IL is over. There are a lot of different options for what to do with the ashes after a cremation, such as burying the ashes,...

Funeral Homes from Around the World

Funeral homes in Dixon, IL have lots of traditions, and are pretty great. However, there are also tons of funeral homes all across the globe that have their own traditions. While we may never get t...

Ideas For After Cremation Services

One of the main reasons cremation services are becoming so popular around the world is that they allow for plenty of opportunity to get creative and unique with the cremated remains after the crema...

Funerals Are Important

Though no one really likes to spend time at funeral homes in Rock Falls, IL, funerals and memorial services alike are very important. Mental health professionals and grief specialists agree that fu...

Start With The Basics

There might be tons of cremation services in Sterling, IL all the time, but that doesn’t mean that everyone knows all about them. Cremation is a great option for body disposition, but its important...

How To Write and Deliver A Eulogy

It doesn’t matter if you have a day or two weeks to write a eulogy, or if you’re delivering it at a memorial service or at a funeral in a funeral home in Sterling, IL, eulogies are hard. These tips...

Are Cremation Services Green?

Did you know that there are ways you can help the environment even after you’ve passed away? It’s not that hard to do your part for planet Earth after you’re gone, especially with the right kind of...

Funeral Homes and Body Donation

Most people assume that their only two options for their bodies post-death are cremation and funeral homes in Dixon, IL. However, there is a third option that can not only save money, but can also ...

Dealing With Grief After Cremation Services

Whether you choose a funeral or cremation services in Rock Falls, IL, loss is never going to be easy. Everyone deals with their grief in different ways, but sometimes the grief can be too much for ...

Funeral Homes and Pets

Death is never easy, even when it’s a pet. You loved your furry friend, so there is nothing wrong with wanting to celebrate and honor his life. Luckily, there are many funeral homes in Rock Falls, ...