Hiring an estate planning attorney does not have to be a difficult choice for you and your family. There are many options out there and you want to select one that will listen to your unique situation and offer a plan that gives you solutions for you, your family, and your estate.
Estate planning is an essential, albeit often overlooked, aspect of managing your financial life. While it’s tempting to opt for DIY solutions, hiring a professional estate planning lawyer offers numerous benefits.
Here are the top reasons why you should consider hiring an estate planning attorney for your financial future.
Complexity of Laws
Laws pertaining to estate planning are complex and vary greatly from state to state. An estate planning lawyer is well-versed in these laws and can provide you with accurate, up-to-date information. They help you understand how these laws affect your assets, ensuring that your estate plan is not only legally sound but also optimized for your specific situation.
Unlike a one-size-fits-all online form, an estate planning lawyer provides personalized service based on your specific needs and circumstances. They can help craft an estate plan that accurately represents your wishes and ensures your assets are distributed as you intend.
One of the main reasons people engage an estate planning lawyer is to avoid probate, a lengthy and costly legal process that can tie up your estate after death. A knowledgeable lawyer can advise on strategies such as trusts or joint ownership that bypass the probate process, ensuring your beneficiaries receive their inheritance more quickly and efficiently.
Minimize Estate Taxes
If you have been very successful financially, a significant portion of your estate could go to taxes if not properly planned. An estate planning lawyer is knowledgeable in tax laws and can suggest ways to minimize or even eliminate estate taxes, maximizing the inheritances left for your beneficiaries.
Safeguard Future Generations
If you have minor children or dependents with special needs, it’s crucial to establish guardianship and provide for their future in your absence. An estate planning lawyer can help you create a plan that protects your loved ones, giving you peace of mind.
Updating Your Estate Plan
Life changes such as marriage, divorce, the birth of a child, or the death of a spouse require your estate plan to be updated. An estate planning lawyer can help ensure that your plan evolves with your life circumstances, always reflecting your current wishes and situation.
If a dispute arises among your beneficiaries after your demise, your estate planning lawyer can serve as an unbiased third party. They can help mediate disagreements and provide clarity on your exact wishes, potentially preventing family discord or legal battles.
Protecting your assets from creditors is another advantage of having an estate planning lawyer. They can guide you on how to structure your assets to safeguard them from potential lawsuits or claims.
Check Out Our Videos to Avoid Costly Mistakes
We have developed a multitude of educational resources that are available right here on this website. In addition to the blog and other written materials, we have prepared a series of videos that look at some very commonly made estate planning mistakes.
You can learn a lot in an efficient manner if you check out these videos, and they are available free of charge. Simply click this link to access any or all of these informative videos.
Hiring An Estate Planning Attorney: Take Action
If you are unprepared from an estate planning perspective, our firm can help. We can learn about your family dynamic, your financial position, and your objectives. When we understand the details, we will make recommendations based on the circumstances so you can make informed decisions.
Clearly, a lot of people are reluctant to open up about personal matters with someone they have just met. This is understandable, and we empathize with this dynamic. When you choose our firm, you can rest assured that you will feel comfortable from the start.
If you are ready to get started, you can schedule a consultation at our Phoenix AZ estate planning office if you call us at 888-222-1328. We also have a contact form on this site you can use if you would like to send us a message. We can help answer any questions you may have about hiring an estate planning attorney.