I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.
M We recommend that most people at least have a will. We also recommend using a lawyer to create these documents who specializes in estate planning.
What tasks does this specialist do? Here are some. Creates a document that ensures your wishes will be put in place.
Designating beneficiaries, medical durable power of attorney, finding ways to avoid estate taxes when possible. Avoid probate court is a task an estate lawyer can do.
V What does a trust lawyer do? All the tasks of a will and more. Drafts documents to protect from lawsuits and taxes, includes the designated trustee who will perform the duties to carry out the wishes in that trust.
Selecting a trustee that will carry out your wishes, is important. Selecting a lawyer to draw up these documents is good stewardship.
