Six Reasons to Hire an Estate Planning Attorney
Every adult needs an estate plan. It makes sure your wishes will be honoured when you die or when you become incapacitated. Hiring an avocat succession Litvack Dessureault LLP is not only for people who have a high net worth. By hiring an attorney, you will have peace of mind knowing everything has been arranged for the people you love and you can just focus on enjoying life to the fullest. A good attorney will help protect your assets, prepare your will and trusts, deal with disputes and administration issues, and help the elderly navigate legal issues. The following are the main reasons to hire an estate planning attorney:
Ensure the Validity of Your Documents
The laws that surround probates and estate planning can change. Your attorney will make recommendations about your plans based on the laws of your state. By hiring an attorney for your estate plans, you can be sure any documents made are legal and valid.
Avoid Probate and Estate Taxes
If you want to put your estate through probate, your attorney can use some methods to help you with it. These include gifts, the use of death beneficiaries, and joint property ownership. To avoid probate and estate taxes, your attorney may suggest using trusts.
Estate Planning is a Serious Matter
Estate planning is not a DIY project. Keep in mind that it impacts your life and the lives of your family members. Bad estate planning can result in higher costs, asset depreciation, longer probate, and stress.
Protect Your Beneficiaries
A well-designed will or estate plan will protect your children, beneficiaries, and heirs from not getting the parts of your estate you would want them to when you die. Clearly stating in your will who gets what and how much they get will protect your loved ones from misunderstandings that can result in court cases.
Name a Guardian for Your Children
When you and your spouse will die suddenly, the courts will decide who will raise your children. But, if you have a will that clearly states the legal guardian of your children when you die suddenly and accidentally, the court won’t be able to step in.
Prevent Family Fights
Without an estate plan, your family members may fight over assets and this can get ugly. To avoid this, you should define in your will who will get what and how much. Having a will is especially important if you own significant assets and have a complicated family situation.