6 Compelling Reasons to Hire an Estate Planning Lawyer
When you’re dealing with everything you own, you can’t take chances.
After all, your estate is everything you have — your house, your savings, your investments, and even your possessions. If you don’t have a clear plan in place for your death, it can create a lot of problems for your loved ones.
An estate planning lawyer can help you create a comprehensive plan that will take all of your assets into account. Here are six compelling reasons to hire an estate planning lawyer.
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1. Assert Your Wishes
Your will is one of the few ways you have to ensure that your wishes are followed after you die.
If you don’t have a plan in place, there’s no guarantee that your wishes will be carried out. An estate planning attorney can help you create a legally binding document that will ensure your wishes are followed.
2. Avoid Probate
Probate is the legal process of distributing your assets after you die. It can be a long and costly process, but with proper estate planning, you can avoid it altogether, such as by creating living trusts or establishing joint ownership of assets.
The best estate planning lawyers can help you set up these trusts and other legal mechanisms to avoid probate.
3. Minimize Taxes
There are a number of ways to reduce the taxes owed on your estate. An experienced estate planning lawyer like smartestateplans.com can help you take advantage of all of them, meaning you can leave more to your loved ones.
4. Protect Assets
If you have substantial assets, you need to take steps to protect them. An estate planning lawyer can help you set up trusts and other legal mechanisms to safeguard your assets.
5. Plan for Incapacity
If you become incapacitated, someone will need to make financial and medical decisions on your behalf. An estate planning lawyer can help you appoint someone to do this and put a plan in place for how your affairs should be handled.
6. Peace of Mind
Estate planning can be complex, but with the help of an experienced lawyer, you can rest assured that everything is taken care of. This will give you peace of mind knowing that your loved ones will be taken care of after you’re gone.
The alternative is to go it alone. While you might manage to cover everything in a material sense, the legal complexities of the situation could elude you. Even a small legal mistake could invalidate a lot of your hard work, so hire a lawyer to guarantee peace of mind.
Why You Need an Estate Planning Lawyer
If you don’t have an estate plan in place, now is the time to act. An estate planning lawyer can help you create a comprehensive plan that takes all of your assets into account. This will ensure your wishes are followed, avoid probate, minimize taxes, protect your assets, and give you peace of mind. Don’t wait until it’s too late to get your estate in order.
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