5 Reasons to Have Your Parents Estate Plan Reviewed

Talking to a Utah estate planning attorney can prove vital when you or your parents have an estate plan. While no-one likes to talk about death, it unfortunately, will come to us all eventually. That means you must plan for those difficult times. More people look to create an estate plan for their children or loved ones. And there may come a time when you need to review your parents plan. So, what reasons is there to review an estate plan?

Why You May Need to Review Your Parents’ Estate Plan

  1. There are Changes to State Laws
  2. Issues Over So-Called Stale Documents
  3. A Change to Spouses
  4. A Beneficiary Has Passed Away
  5. New Grandchildren or Beneficiaries

There are a dozen different reasons why you should review your parents’ estate plan Utah. It could be something as simple as an outdated power of attorney that causes issues later. For example, if your mother signed a power of attorney but it’s several years old, some financial institutions might not accept it. On the other hand, if it were a more recent document, that might change things. And there are changes to spouses, an adult child having another baby, or a beneficiary passing away. Sometimes, it’s easier to review these plans every few years to ensure they’re relevant.

Is It Necessary to Update an Estate Plan Utah?

While you can ask a Utah estate planning attorney to review a plan, that doesn’t automatically mean you need to make any changes or updates. For instance, if the plan is still relevant today as it was when originally created, there is no need to make any changes. On the other hand, if a spouse has passed away or there’s a new addition to the family – and your parents want to name them a beneficiary – changes can be made. It all depends on how relevant the estate plan is and whether your parents want to make any changes. Remember, it’s not your plan, but theirs. Learn more!

You Don’t Have Power to Change Your Parents’ Estate Plan

It’s great to take an interest in your parents’ estate plan Utah, however, it’s important to note that you should not be authorized to make any changed to that plan. It might be different if you have power of attorney, however, if not, you can’t. However, it is important to encourage your parents – whether they’re elderly or otherwise – to actively review their estate plan every so often. This helps to ensure the plan is relevant to them and their wishes. A lot of the time, your parents will request to review it to ensure its relevant still.

Let the Professionals Deal with the Estate Plan

When there are changes to state laws, regarding estate plans, inheritances, and everything else, it confuses most. That is why if you or your parents want to review an estate plan, it’s important to consult an estate planning attorney. They will know and understand the latest changes and be able to assist you should changes be required. Some will actively review on your behalf and flag up what needs attention, which is ideal, to say the least. A Utah estate planning attorney can help review any plan and should help deal with any necessary changes. For more details, visit: https://www.regencyyorkvillecondos.com/do-i-need-a-probate-lawyer-or-a-will-attorney/

10 Tips for Choosing the Right Estate Planning Attorney for You

Selecting a Utah estate planning attorney can be a challenge if you haven’t done so before. Fortunately, this isn’t as difficult a task as you might think. There are many good or descent attorneys who can help you with estate planning. It’s important to think carefully about the type of service you need before you hire anyone. So, what top tips could help you choose the right attorney for estate planning?

Do Some Background Research

A lot of people assume attorneys and lawyers are the same, but the reality is that some are more competent than others. Some lawyers have greater experience than others and are more equipped to create an estate plan Utah. It’s essential for you to do some background research to be sure the attorney offers the best service for you currently. you can visit at: https://www.epcportland.org/council/links for more about estate plane attorney.

Affordable Fees

Whether you’re opting for a one-time service or a continued service, it’s vital to know the attorney’s fees. Some have hourly rates, others may opt for the flat-fee approach; it can vary significantly, depending on the attorney and how you use their service. It’s essential to look at a Utah estate planning attorney fees for short and long-term commitments. If you know the fees, you may be able to rule an attorney out or put them in the final list of potential candidates.

10 Tips for Choosing the Right Estate Planning Attorney for You

Find Out Where the Attorney Studied

It doesn’t seem overly important; however, this may be something to seriously consider. Some law schools are going to be a lot tougher to get in to so that may be an indication of the type of lawyer they are. Of course, that doesn’t mean to say someone who has attended the easiest law school isn’t worthy. For some, this will matter, but not so for others. Whether it bothers you or otherwise, it might be a good idea to look at where they studied – just for peace of mind when creating an estate plan Utah.

Widen Your Search If Necessary, To Find a Utah Estate Planning Attorney

While you don’t need to go outside the state, you may want to look beyond your town or city. For instance, depending on where you live, there might only be one or two attorneys available. In some instances, they won’t specialize in estate planning. If you want to create an estate plan Utah but live remotely, you may need to widen the search. Of course, it’s better if you stick to someone local as it might be easier for you to talk or meet up with them when needed. Unfortunately, that might not always be an option.

Internet Searches Are Only Part of the Process

A lot of people assume if they see ad for an attorney or lawyer online, it’s legitimate. Unfortunately, that might not be the case. There are lots of directories that steer you towards services that are just offering costly advice. While you can make a start online, you still have to go beyond that to find a Utah estate planning attorney. This goes back to background research.

If Possible, Get Referrals from Family Lawyers

When it comes to creating an estate plan Utah, it’s important to opt for a professional estate planning attorney. Fortunately, it could be easier if you were to get referrals from someone you know or trust. For instance, you could ask a family lawyer to refer you to someone they know in this field. Or, if a friend or family member have used these services before, they may direct you to an attorney who can help.

Are They an Estate Planning Specialist?

Choosing a Utah estate planning attorney is essential. Why? They specialize in this field and know the estate planning laws inside out. These lawyers are the people you want to seek advice from and could help create a suitable plan for you. Estate planning attorney specialists know the current legal advice and might offer a more honest opinion over the matter.

Always Look at Whether the Attorney Has Malpractice Insurance

Malpractice insurance doesn’t seem overly important now, but if something were to happen, it’s good to know that’s there. Why does it matter? If something were to go wrong, the insurance could help cover any expenses. That is important, whether you want to create an estate plan Utah or just some legal advice.

How Busy Are They to Take Your Calls?

Attorneys are going to have busy periods and down periods; however, you want to be assured that if you need to speak to them, they’re there. If you were to call, it may be unlikely they’ll take your call. However, you would like a call back by the end of the next working day at least. A Utah estate planning attorney should be busy not so busy that they don’t return your call for a week or two.

Ask for An Initial Sit-Down Face-to-Face Consultation

When you want to create an estate plan Utah, you ideally want to have an initial face-to-face consultation with them. If this isn’t an option, do they offer video call consultations instead? If you aren’t able to have any sit-down meetings with the attorney, that is somewhat concerning. Of course, if this doesn’t matter to you then fair enough.

Find the Right Attorney

Estate planning is crucial whether you are young or mature because you never truly know what can happen. For some, they expect to live to a ripe old age; unfortunately, the man upstairs has a different plan. That’s why it’s important to consider estate planning, so that if the worse were to happen, your affairs are sorted. Find the right Utah estate planning attorney today. find the right attorney by clicking here.