A qualified estate planning lawyer can help you draft a legally binding estate plan that meets your specific needs and preferences. According to LegalZoom, an estimated half of Americans don't have a will to determine their estate's fate after they die. Let’s take a look at some signs it's time to visit an estate planning lawyer.

1. You Have Substantial Assets or Property

If you own a home, have considerable investments or other assets, or own a business, then you should consider working with an estate planning lawyer. An experienced attorney can help you draft documents such as trusts and wills that ensure your property is distributed according to your wishes.

2. You Are Moving Out of State

If you are moving out of state, then it's important to make sure your estate plan complies with the laws of both states. Otherwise, you could face legal complications in the future. An experienced estate planning lawyer will be able to advise you on any changes that need to be made when changing residency.

3. Your Family Has Changed Significantly

If your family has changed due to a birth, death, marriage, or divorce, then it's important to update your estate plan. An estate planning lawyer can help you draft documents that ensure your wishes are respected and that all of your beneficiaries are accounted for.

4. You Don't Want Your Family to Go Through Probate

Probate is the process of administering a deceased person's estate. It can be lengthy and complicated. An experienced estate planning lawyer can advise you on strategies such as setting up trusts and creating joint ownership accounts to avoid probate.

5. You Want to Protect Yourself in the Event of Incapacity

If you become incapacitated due to an illness, injury, or another medical issue, then it's important to have documents in place that protect your interests. An estate planning lawyer can help you draft a power of attorney and other documents that allow someone else to handle your finances.

Taking care of your estate is an important part of protecting yourself and those you love. If any of the above signs apply to you, then consider consulting with an experienced estate planning lawyer who can help ensure your wishes are carried out after you pass away. The sooner you start the process, the more peace of mind you will have for yourself and your loved ones. Reach out to Schmidt & Schmidt S.C. today to get started with the process.