How to Avoid Probate for Everyone by Ronald Farrington Sharp

How to Avoid Probate for Everyone by Ronald Farrington Sharp

Author:Ronald Farrington Sharp
Language: eng
Format: epub
ISBN: 9781621537311
Publisher: Allworth
Published: 2020-03-24T16:00:00+00:00


CHAPTER SIX

Selecting and Dealing with Attorneys

After reading this book and possibly Living Trusts for Everyone, you will be familiar with basic estate planning strategies, including the difference between trusts and wills and the basics of probate avoidance. As I stated earlier, I do not recommend writing your own trust or downloading one and filling in the blanks. My advice is to fill out the information form in Appendix D and take it with you for an attorney consultation. Finding a specialist in trusts can be fairly easy in states where the bar association certifies that specialty. In other states, you are kind of on your own since all you would have to go on is the lawyer’s word that they know what they are doing.

Try interviewing more than one lawyer to see how they would recommend setting up your estate plan, how long it will take, and what will be the approximate cost. Do not agree to an open-ended hourly rate since you will often find the cost to be greater than the estimate. It’s unlikely to be less. Sign an attorney fee agreement once you have settled on the lawyer selection. Many states require these of lawyers. Sometimes the initial interview is free, but not always. There are many attorneys who will give you a flat rate after talking to you for a complete package, which, if it is a revocable trust-based plan, should include the following:



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