Estate planning can be a complex and intimidating process. Wade Kricken has been a litigator in real estate law and litigation for over two decades and has run his own practice litigating more than one thousand cases. Let’s look at some questions you should consider asking your lawyer before signing any legal document related to estates.
What Is My Role?
It is important to know what exactly your role will be when signing legal documents related to estates. Knowing the duties and responsibilities expected of you as an executor or trustee can help ensure that you are prepared for whatever situation may arise.
Additionally, understanding the limitations of your role can help protect you from any potential liabilities associated with the estate. Understanding what is expected of you before signing any document can save you time, money, and stress down the line.
What Are The Risks Involved?
No matter how well an estate plan may seem on paper, there are always risks involved when dealing with legal documents related to estates. There are often tax implications that need to be taken into account when signing off on a will or trust agreement, so it is important to understand these potential risks before making any decisions.
Asking questions such as “What if I am sued?” or “How will this affect my taxes?” can help ensure that all of your bases are covered before signing anything legally binding.
Asking these will help ensure that all potential issues are considered and addressed beforehand so that no unexpected surprises come up later on down the road.
A knowledgeable attorney like Wade Kricken can provide invaluable guidance throughout this process, helping you make well-informed decisions about your estate plan without feeling overwhelmed or intimidated by its complexities.
With his experience and expertise in real estate law and litigation for over two decades under his belt, he is sure to provide sound advice throughout your journey through estate planning!