Before I address the question about whether you need an estate and trust administration attorney or not, let me define what that individual does by breaking it into three phases.
In the beginning, an estate and trust administration attorney delivers real value to you from the start.
They can assist you in the setup of the legal documents that can help protect you, your loved ones, and your hard-earned assets from the beginning. For example, one standard legal document allows you to designate an individual to have the authority to make medical decisions for you if you are unable to do so, for instance, if you are in a coma from a car accident. Another one allows you to designate a person to handle your financial matters should you need to be out of the country for an extended period. Most think of estate plans as taking effect when they die; these are just two examples of how the benefits can be realized during your lifetime.
Over the years, an estate and trust administration attorney will help keep your legal documents up to date.
Over the years, the estate and trust administration attorney can help ensure your estate plan is kept up to date, protecting your loved ones and your assets. Divorce, remarriage, new family members, and asset acquisition are all events that can impact your will, trust, and legal documents. Meeting with your estate and trust administration attorney on a regular basis is essential. As an estate planning attorney here in Cincinnati, OH, I offer my clients a complimentary review of their estate plans every three years to make sure everything is current.
At the end, hiring an estate and trust administration attorney is a smart move.
Whether you find yourself the executor of an estate plan of a loved one or your family is grieving your passing, here in Cincinnati, an estate and trust administration attorney will help navigate the often complicated probate process. No, it is not a legal requirement. The state of Ohio doesn’t force heirs to hire attorneys, but most would agree – it is a smart move. And, good to know, the estate usually pays the attorney fees.
Estate and trust administration attorney – Cincinnati – Do I Need One?
To answer the question “Do I need one” related to hiring an estate and trust administration attorney, I would have to say yes for the most part. This should not be a D.I.Y. activity. I have I have observed that those who try to go it alone are usually sorry they took that route. Please let me know if I can help you with your estate and trust administration needs here in Cincinnati. Call me at 513-399-7526 or visit my website www.davidlefton.com to schedule a consultation.