Estate Planning refers to the process of managing an individual’s estate and assets prior to their passing. By doing this, it settles who will be inheriting the assets after they are gone. In the end, estate planning is important to save loved ones’ time, money, and even emotional distress. Incidentally, a lawyer is highly beneficial during this process. If you have been asking yourself, “Do I need a lawyer for estate planning?”, here is a quick guide to explain why it is in your best interest to hire one.
Creating a Will
Hiring a lawyer for estate planning takes the worry and stress out of creating a will. This is especially important if you have children. A lawyer for estate planning will guide you through the process of naming heirs, dividing property, and choosing guardians. Moreover, their expertise is crucial to ensure the will is legally binding, and to help prevent your decisions from being contested after your death.”
Power of Attorney
A power of attorney allows you to grant someone the legal ability to sign financial documents and make financial decisions on your behalf. A medical power of attorney, also known as a Healthcare Proxy, allows you to grant someone the legal ability to make medical decisions for you if you are unable to do so. A lawyer for estate planning helps you legalize and finalize these important documents.
Reduce Taxes & Avoid Probate Court Process
When you hire a lawyer for estate planning, they will help you reduce or even avoid estate taxes. Moreover, the probate court process can oftentimes be completely avoided with an estate planning lawyer. This process depends on what assets are being divided up, but having a lawyer on your side will save you loads of stress and worry during this time.
Affordable and Reliable Planning
When you work with DaMore Law, you receive exceptional service and guidance for your estate planning. We are with you every step of the way, including crucial processes such as revocable and irrevocable trusts, health care proxy, and Medicaid planning. Contact us today to learn more about how we can help you with your estate planning needs.