Reasons to Hire an Estate Planning Lawyer

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Creating a Will or estate plan is the best decision to ensure your wishes will be honored when you die or ever become unable to manage your affairs. Will or trust is a part of an estate plan that determines the distribution of your assets upon your death. It is one of the most important legal documents that not only fulfills your wishes but also safeguards the future of your loved ones. However, not many people consider drafting a Will because either they consider it unnecessary or believe that it is something for wealthy people only. While some people ignore drafting a Will, others take a DIY route to write their own Will documents. Drafting your Will isn’t entirely wrong but it isn’t the best way.

Neglecting estate planning means your state probate court decides who will inherit your assets. It gives the state authority to make decisions that may not reflect your wishes. On the other hand, if you have created a Will on your own, chances are you have made some errors that could invalidate the document. In both cases, your loved ones will have to face the consequences. To avoid these situations, it is highly recommended to hire an attorney for creating a Will or estate plan. Hiring an estate planning attorney not only safeguards your assets and loved ones but also helps in relieving the stress of writing your own will. To further understand the importance of an estate planning attorney, here are some more benefits of seeking the services of a Will or estate planning lawyer.

Error-Free Document

Attorneys specializing in estate planning have experience in drafting Wills, trust, power of attorney, and other estate plan documents. Creating your own Will means you need to first learn legal terms and the basics of drafting a legal document. This process is not only time-consuming but also prone to error. A single misspelled word or minor mistake could create trouble during the probate process. To avoid issues later, make sure an experienced estate planning attorney creates your Will.  An error-free Will or estate plan helps in protecting your children, heirs, or other beneficiaries.

Guardianship of Your Children

Life is uncertain and it’s important to think about the worst possible scenarios. It’s hard to think about a situation like this but it is important for the future of your children. In the event, that both parents die suddenly, what will happen to the kids? Without a Will, the courts will step in to decide who will raise the children. If you don’t want to risk the future of your kids, make sure it’s you decide who will be the legal guardian of your children if you pass away suddenly. Your estate planning attorney will guide you about all such details and components of an estate plan that protects the future of your family.

Prevent Family Squabbles

Leaving your assets without naming beneficiaries could lead to family disputes. Often things get ugly over who gets what or more. To prevent such a family feud, make sure you have a well-documented Will. An estate planning attorney can help you list all your assets and determine the name of beneficiaries. Your lawyer will create a document that mentions who will get what and how much. The services of an attorney can be immensely helpful in complicated family dynamics where the person has more than one spouse and children with multiple partners. Besides creating a Will, the lawyer also keeps updating the document to ensure that it reflects your current situation. Whether you have divorced recently or have grandchildren, your lawyer will update the document to make sure it meets your present situation.