ESTATE PLANNING ATTORNEYS
Planning for a time in the future when you can no longer share the best of yourself with your family is something most people don’t want to consider. However, it is a necessary and compassionate action to take. Protecting your legacy and providing your loved ones with peace of mind is a responsible and caring act. However, to ensure your wishes are followed to the letter, you need to understand your rights and options. An attorney can help with this.
Attorneys with estate planning proficiency offer personalized services to individuals, couples, and families. These legal professionals can assist you with your estate planning-related needs, such as drafting a trust or will, planning to cover or avoid estate taxes, and ensuring a straightforward transition of your property and assets to your beneficiaries and loved ones after you’ve passed on. Attorneys can also provide comprehensive probate services, including probate litigation and administration.
The Purpose of Estate Planning
The purpose of an estate plan is not just to prepare for what happens to your property after you die. It is also about making a plan for what happens to you, your property, and your assets should you become mentally incapacitated. In many instances, mental disability planning is not discussed or only briefly touched upon during the estate planning process.
However, this is a significant oversight. Statistics show that while individuals are living longer, they are not always living healthier and in full control of their mental faculties. Aside from this, accidents may happen at any given time, rendering you unable to make personal and financial decisions. Therefore, your own estate plan should address both planning for your eventual demise and planning for any incapacity.
The Estate Plan Review
Once your estate plan is in place, you should not merely stick it in a drawer and forget about it. Things can routinely happen that will affect your estate plan. For instance, you may get married, have children or grandchildren, get divorced, lose a loved one, buy or sell a business, or move to another state. Apart from this, state and federal laws change often. These things, and many others not mentioned, can affect your estate plan. For this reason, you need to review your plan regularly to ensure that it still meets your estate planning needs and goals.
Integrity and Professionalism