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WHAT CAN AN ESTATE PLANNING ATTORNEY OFFER YOU?

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We all have possessions. Cars, houses, real estate, savings, businesses, etc. But there’s something you might be thinking about: what happens to all of that when you pass away or become disabled in some way (such as mental illness)? You’d probably like to decide how all those assets will be distributed. The plan that specifically lists who gets what is called an estate plan. A good estate plan will ensure that your desires are respected and that your wishes are carried out. To write and make a plan that works, it is best to work with an estate planning attorney with years of experience. Read on to find out how a lawyer can help you!

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Reasons you might need an Estate Planning Attorney!

What is estate planning? USA learning defines it as “your way to make sure the care of your loved ones and the handling of your assets conform to your wishes if something happens to you.” On the other hand, we find a more precise definition in Justia: “Estate planning arranges for the transfer of an individual’s estate at the time of death.” Knowing this, the estate includes all your belongings, from assets to money and bank accounts. Although the possibility of death is taboo for many people, you would be doing your family members a huge favor by taking care of all these matters while you are here, making the inheritance process much easier.

Some people think they can handle their estate planning on their own, and end up making mistakes that weigh on their loved ones after their death. The best way to ensure that everything is in order is to work with an estate planning attorney during the process.

Knowledge of the law

When it comes to making a will, trust or even assigning financial power of attorney, it is important to know all the details. Some people try to take on the estate planning process on their own, without any prior knowledge of it. This can be a terrible mistake, and the consequences of it will be a burden on your family. Working with an experienced attorney, who knows the state laws related to the entire process, can be very helpful.

Your documents will be valid

Working with an experienced attorney means that you don’t have to worry about the validity of the documents, as the attorney will ensure that they comply with current law in full. There are four types of documents in the field of estate planning: Wills, Trusts, Health care directives, and financial power to attorneys. Each of these has a different function, and the attorney will help you determine which one you need depending on your situation. On the other hand, keep in mind that these laws are constantly changing, and the lawyer will also update the documents to ensure that they are valid at all times.

Avoid common mistakes

An estate plan will help you organize your wishes in detail so that your family members can carry them out when you cannot. However, many people make mistakes that can complicate the whole process. The biggest mistake is not making an estate plan. In this case, the state will determine the distribution of your assets. You may have made your wishes known to your loved ones, but not leaving them in writing is another common mistake. Your word is worthless if you don’t put it in writing in a valid document. Avoid these and other common mistakes by working with an attorney who will advise you every step of the way.

Reduce tax liabilities

There are certain questions you should ask yourself when preparing your estate plan. For example, what is the real value of all your assets? How much debt do you have, or will you have, at the time of your death? Are there any tax deductions you can take? Knowing these details will allow you to calculate the actual value of your assets, and your attorney will be able to help you limit or eliminate the taxes that go with it.

Peace of mind

Having an estate planning attorney by your side can give you invaluable peace of mind. The attorney will help you organize your affairs so that you do not have to worry about what will happen after your death or disability. Besides, he or she will also guide your loved ones after you are gone, so that your wishes are carried out exactly as you want them to be.

WE HAVE ESTATE PLANNING ATTORNEY’S ALL OVER USA

Other things to keep in mind if you’re thinking about hiring an Estate Planning Lawyer in the USA:

It’s a wise investment

It’s hard to put a price on your peace of mind and the tranquility of your loved ones, yet that’s what estate planning lawyers offer. Investing in professional help during this process can make things considerably easier. If you want your wishes to be fulfilled to the letter, privately and quietly, then investing in an estate planning attorney is an excellent idea.

What can our Estate Planning Attorney’s offer you?

Avoid the “Probate” process

According to Justia: “Probate is the process that courts use to enforce the provisions of a will and deal with any disputes regarding the decedent’s estate.” If you don’t leave a will, your family will be forced to deal with this legal process, which can be very lengthy, costly, frustrating, and exhausting. If you want to prevent this from happening, you should leave a solid, valid, and legally consistent will. A lawyer can help you do this.

Avoid the “Probate” process

According to Justia: “Probate is the process that courts use to enforce the provisions of a will and deal with any disputes regarding the decedent’s estate.” If you don’t leave a will, your family will be forced to deal with this legal process, which can be very lengthy, costly, frustrating, and exhausting. If you want to prevent this from happening, you should leave a solid, valid, and legally consistent will. A lawyer can help you do this.

Professionally drafted documents

In theory, you can find will forms online, or even purchase one in a store. However, these don’t have the legal weight they claim to have. For your will to be truly valid and fully executed, it must be professionally drafted, preferably by someone with years of experience so that no detail is overlooked.

Say what you mean to say

Another problem with online forms, and do-it-yourself methods for estate planning, is that your wishes may not be fully met because of them. The specific language you need to use in a will can be quite complex, and by doing so on your own you may miss out on important details, which will end up being a nuisance to your family later on. Don’t risk making mistakes, work with a lawyer.

Say what you mean to say

Another problem with online forms, and do-it-yourself methods for estate planning, is that your wishes may not be fully met because of them. The specific language you need to use in a will can be quite complex, and by doing so on your own you may miss out on important details, which will end up being a nuisance to your family later on. Don’t risk making mistakes, work with a lawyer.

Consultations with our attorneys are free, get started now!

Our network of Estate Planning attorneys makes your peace of mind and the peace of mind of your loved ones a priority. They will do everything possible to understand your wishes and carry them out when you are no longer here. You can schedule a free consultation with an attorney near you, feel free to contact us!

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