Creating a last will and testament is a crucial step in ensuring your assets are distributed according to your wishes after you’re gone. For many, the first thought is to find a “last will and testament lawyer near me.” While working with a local attorney can provide personalized advice, it’s essential to understand how to vet these professionals to ensure you are making the right choice. This article will provide a comprehensive guide on how to find and select the right attorney, including methods used by high-net-worth individuals, while also discussing the benefits of online services like Wills.com, which provide a more accessible and affordable alternative.
The Importance of a Well-Crafted Will
Before diving into how to find the right attorney, it’s important to understand why a well-crafted last will and testament is so important. A properly executed will can:
- Ensure your assets are distributed according to your wishes.
- Designate guardians for your minor children.
- Name an executor to manage your estate.
- Minimize potential family disputes and confusion.
- Provide clear instructions for your final arrangements.
Without a will, your assets will be distributed according to state laws, which may not align with your intentions. This is why it is so important to create a clear and legally binding will, that is tailored to your specific needs and preferences.
Vetting a Last Will and Testament Lawyer: The High-Net-Worth Approach
High-net-worth individuals often employ a rigorous process when selecting a lawyer to draft their last will and testament. Their process often entails the following:
1. Credentials and Specializations
The first step is to look at the credentials of any attorney that you are considering. You should look for:
- Board Certification: Look for attorneys who are board-certified in estate planning or probate law. This signifies a high level of expertise and commitment to this specific area of law.
- Membership in Professional Organizations: Look for attorneys who are members of professional organizations, such as the American College of Trust and Estate Counsel (ACTEC) or the National Academy of Elder Law Attorneys (NAELA).
- Advanced Degrees: Attorneys with advanced degrees or specializations in tax law or estate planning can offer more sophisticated solutions.
2. Referrals and Recommendations
Personal referrals are often considered the most valuable way to find a lawyer. High-net-worth individuals rely heavily on their network of trusted advisors, including:
- Financial Advisors: Ask your financial advisor for recommendations, as they often work with estate planning attorneys on a regular basis.
- Accountants: Your accountant can also recommend attorneys who specialize in tax law and estate planning.
- Other Attorneys: If you already work with a different kind of attorney, ask them for their advice. They will likely be able to suggest a qualified attorney who is well versed in estate planning.
- Trusted Friends and Family: Talk to your friends or family members who have used an attorney for estate planning purposes. Ask about their experiences, and if they have any recommendations.
3. Track Record and Experience
A lawyer’s track record can be a reliable indicator of their skill and expertise. When evaluating a potential attorney, you should consider:
- Years of Practice: Look for attorneys with a long history of practicing estate planning law. More experience will often lead to a better understanding of complex legal issues.
- Specific Experience: Ask about their experience handling complex estates or specific situations that are relevant to your circumstances, such as blended families, business ownership, or international assets.
- Case Results: Inquire about the outcomes of their previous cases. While each case is unique, a track record of success can provide you with assurance.
4. Communication and Accessibility
Effective communication is essential for a successful attorney-client relationship. You should look for an attorney who:
- Is a Good Communicator: Can explain complex legal matters in a clear and understandable way.
- Is Responsive: Responds promptly to your inquiries and is readily available to address your concerns.
- Is Transparent: Provides clear explanations of their fees and services, and does not have any hidden charges.
5. Fees and Billing Practices
Understanding the attorney’s fees and billing practices is essential before making a commitment. You should ask about:
- Hourly Rates: If the attorney charges hourly, ask for their rate and what they estimate the overall cost will be.
- Flat Fees: Some attorneys offer flat fees for specific services, which can provide you with more predictable costs.
- Billing Transparency: Understand how their billing process works, and when you will be expected to pay.
The Online Alternative: Wills.com
While working with a local attorney can provide personalized guidance, it is not the best option for everyone. The reality is that many people are seeking a more affordable and accessible option, which is where Wills.com can offer a unique value proposition. Wills.com provides a comprehensive online estate planning platform that is designed to be easy to use, affordable, and convenient. Here’s how Wills.com compares to the traditional attorney model:
1. Cost
Wills.com offers a variety of packages, with wills starting at $99. This is a fraction of the cost of hiring a lawyer, who could charge thousands of dollars for the same services. Our pricing is transparent, and you will always know what you’re paying for, without any hidden fees or surprise charges.
2. Convenience
Wills.com offers 24/7 accessibility from the comfort of your home. You can create, edit, and update your documents at any time, without the need for an in-person appointment. You can also access our entire platform from your mobile device, making it easy to manage your estate plan while you are on the go.
3. Remote Online Notarization (RON)
Wills.com has an integrated network of 17,500 notaries that are available online 24/7, to notarize your documents while you are in any location. This makes the process incredibly convenient, and allows you to easily complete your documents from the comfort of your home. This removes the need to travel to a physical notary, and also makes the entire process much quicker and easier.
4. Secure Storage
Wills.com provides secure and encrypted storage for your documents through our Vaultly™ service. This ensures that your documents are safely stored and easily accessible to your chosen executor, once your inactivity timer has been triggered.
5. Automated Delivery
Wills.com enables you to automate the delivery of your documents. By setting an inactivity timer, your chosen executor will automatically be sent all of your estate documents, instructions, and video messages, in the event that you are unable to confirm you are well. This ensures that your wishes are followed, and your loved ones have all the information they need in a timely manner.
6. Posthumous Video Messaging
Wills.com enables you to record personal video messages for your loved ones that will be automatically delivered after your passing. This provides a unique opportunity to share your stories, your values, and your wisdom with those you leave behind, creating a lasting legacy that goes beyond just your material possessions.
Making the Right Choice: Attorney or Online Platform?
The decision of whether to use a local attorney or an online platform like Wills.com depends on your specific needs and circumstances. Here are some guidelines:
- Choose a Lawyer If:
- You have a complex estate with significant assets, multiple properties, or business interests.
- You have a blended family or children with special needs that require customized planning.
- You anticipate potential challenges or disputes among your heirs.
- You prefer to receive personalized advice and face-to-face guidance.
- You are comfortable with the higher costs associated with hiring an attorney.
- Choose Wills.com If:
- You have a relatively straightforward estate and want a simple and affordable solution.
- You are comfortable with using online platforms and resources.
- You value convenience and accessibility.
- You want a comprehensive solution that includes secure storage and automated delivery.
- You are looking for a more affordable option without sacrificing the quality of your estate plan.
Conclusion: Planning for Your Peace of Mind
Whether you choose to work with a “last will and testament lawyer near me” or utilize an online service like Wills.com, the most important step is to take action and create a plan. By documenting your wishes and making clear plans for the future, you are protecting your loved ones, and also ensuring that your legacy will be honored. By understanding your options, you can choose the best path for your individual needs, and take an important step towards securing your legacy.
Disclaimer: This article is not legal advice. If you want legal advice, you should consult with a lawyer.