A real estate planning attorney is an attorney who provides legal advice to clients with assets that must be managed in the event of their death or incapacity. This includes the release or granting of these assets to their heirs and the payment of the appropriate estate taxes to the State.
They are responsible for determining the distribution of a client's estate to their heirs. These property attorneys are the best people to give advice to clients who want to establish a trust that will allow assets to be saved and given to a beneficiary. They can draft wills or other documents related to trusts and estate planning.
Estate planning lawyers can help you understand the laws governing retirement plans and insurance. They can also help with trusts, estate plans, and other related matters that require court litigation.
A skilled estate lawyer must have a thorough knowledge of the laws governing property, trust, wills, as well as federal and state tax laws.
There are two types of estate law attorneys: the transactional and litigation real estate attorneys. Transactional attorneys are responsible for reviewing documents and negotiating terms on behalf of clients.
These are the basic facts about estate planning and real estate. These are the first steps to take if you wish to create a trust or hire a lawyer for your estate distribution.