Family legacy and estate planning come in an array of forms and varieties, and the places to find their resources are just as many. Some try to save money by utilizing an online document farm or looking for forms and doing the planning on their own.
Well, even though having a plan is better than none, it’s important to consider a professional lawyer with knowledge and experience in estate planning to prepare your documents. Here are two major reasons why:
Save Your Heirs Unnecessary Headaches and Costs
One of the primary reasons to hire an estate planning attorney is to ensure your legacy goes to your heirs and not the lawyer fees. If you succumb without a will, you’ll have no control over who gets your property and money. All your assets will have to go through the costly and time-consuming process of probate, and ultimately, there are chances these costs could end up using most if not all of your estate. This leaves your heirs with little to nothing.
When you entrust your estate planning to a reputable attorney, you do not have to take that risk.
Estate Attorneys Know The State Law
Another important reason to avail of the services of trusts and estates attorneys is because estate planning is a complex field of law. It’s governed by the state law and tends to be specific about what can and can’t be in a will, how a trust is formed, what makes a will valid or invalid, and much more. The state law ideally governs who can and can’t be an executor or personal representative of an estate.
If you get any of the above aspects wrong, your estate documents could be rendered ineffective or invalid. And by the time the defect is discovered, it will be too late. All in all, it is best to hire a competent estate planning attorney to help you with the process and any changes you wish to make along the way.…