Estate attorneys play a critical role in protecting the assets of clients. They specialize in estate planning, which involves planning for the transfer of a person’s assets after death. Estate attorneys help their clients make decisions regarding the distribution of their assets and ensure that those decisions are legally binding. In addition, estate attorneys help clients protect their assets from potential creditors, lawsuits, and other legal issues.
Estate attorneys can also help clients protect their assets during the probate process. Probate home sale is the legal process of distributing a deceased person’s assets according to their wishes. An estate attorney can help their clients navigate this process and ensure that their wishes are followed.
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The first step an estate attorney can take to protect a client’s assets is to create a will. A will is an important document that outlines how the testator’s assets should be distributed upon their death. A will can also be used to set up trusts, which are beneficial for protecting assets from creditors or potential lawsuits. Additionally, an estate attorney can help clients create advance directives, which are documents that outline a person’s wishes for healthcare and financial matters if they become incapacitated.
Finally, estate attorneys can help their clients minimize the estate tax burden. Estate taxes are taxes that are imposed on the estate of a deceased person. An estate attorney can help their clients minimize the estate tax burden by taking advantage of available tax deductions and credits.