Following graduation, Estate Planning attorneys attend (throughout their careers) hundreds of hours of continuing education in their field by attending conferences, seminars and are members of professional organizations specific to estate planning issues.
My own specified field of study is estate planning, tax law and contracts. This comprises –
Tax efficient wills/trusts – your heirs pay lower taxes
Charitable giving – utilizing certain trusts to maximize advantages of charitable giving while having your desires about charitable donations fulfilled
Blended Families – dealing with the more complex family situations of divorce, second marriages and blended families as they relate to your estate and bequests
Estate taxes – forward planning to minimize the taxation of your estate
Financial ineptness – responding to the challenges when a potential heir/beneficiary does not have the financial acumen to manage their bequest
Multi-generational planning – long-term commitments to several generations of family members
Foreign assets – meeting the unique challenges when inheriting (or bequeathing) assets held in a foreign country
Probate dispute avoidance – carefully managing aspects of conflict resolution to avoid issues of probate litigation
Contract assessment – avoiding contractual problems by careful review of contractual obligations within a legal document
Special Needs – families facing the unique challenges of a family member with special requirements to plan for their future and assign guardianship
Often a family attorney will seek the advice and specialized knowledge of an estate planning attorney to draft documents that offer clients the best possible outcome.
In turn, estate planning lawyers often consult with other professionals in the fields of family/divorce law; elder law; finance; accounting and litigation to provide clients the best advice, representation and direction.
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