If you care about who inherits your assets, your future healthcare should you become incapacitated, or avoiding the hassles of a probate court, then you should have an estate plan.
An estate plan is no longer reserved for the wealthy looking to pay fewer taxes.
Without an estate plan, you leave a probate court judge the power to decide the fate of your assets and your children if they are under the age of 18. Probate is lengthy and financially draining for any loved ones you have left behind.
The benefits of an estate plan are plenty. Keep in mind, a mediocre estate plan will be out of date, have holes which risk the assets ending up in a costly probate court. ‘Assemble your own trust or will’ websites do indeed allow you to assemble your own however, solid legal advice in regards to estate planning, tax laws, trusts, and probate should be dispensed by an estate planning attorney.
A great estate plan, prepared by an estate planning attorney, will ensure that any assets you own are transferred to designated heirs in a timely and not so costly fashion.
An estate planning attorney can help you establish a great estate plan. Estate Planning Attorneys have continuing education requirements and liability insurance. Estate planning attorneys are aware of tax laws and future changes in the tax laws that pertain to estate planning. An estate planning attorney will be there for you to update your estate plan and add assets as time goes on.
An estate planning attorney will assist you in making certain that your family’s goals are met, even after you are no longer here.
