Reasons to Hire an Estate Planning Lawyer

Reasons to hire a Lawyer to do your Trust and Will and other related documents:

Customize your will without messing up and getting what you want when you die to actually occur.  Sure, you can easily find a will template online and simply fill in the blanks. But most people’s lives, families, and assets don’t fit neatly into a generic, mass-produced template. If you need to alter a provision in a template or form will, you run the risk of invalidating not only that provision but possibly the entire will. Better to have an experienced estate planning attorney draft important documents from scratch. Avoid probate and estate taxes. If you wish to avoid putting your estate through probate, there are several ways a lawyer can help you do it, such as with gifts, the use of death beneficiaries, and joint property ownership. However, the most common way of avoiding both probate and estate taxes (if your estate will be subject to them) is through the use of trusts. Just like with wills, there are templates available for trusts. And just like with wills, if you zig when you should’ve zagged when forming a trust, you entire estate plan may be thrown out the window. Know what legal instruments best suit your situation.

 In some situations, a simple will is sufficient. In others, several different types of trusts may be needed. An estate lawyer can advise you on how much, or how little, heavy lifting your estate plan requires. An estate planning lawyer can also help you with other legal instruments that may be very useful for long-term planning, such as a living will or durable power of attorney.

Let you know when it’s time to update your estate plan. Yesterday’s estate plan, no matter how air-tight, may not work for today’s reality. A change in your family, your assets, or even your location may require changes to your estate plan. And since the last thing you’re probably thinking about when you have a new baby or move to another state is rewriting your will, having an attorney who’s got your back can help you keep your will up to date when it otherwise might be overlooked. Keep up with the latest laws. There are many changes each year to Trust and Estate Law. Therefore, the lawyer will have a better idea how these changes affect you and what must be done.