As you age, it becomes more and more important to make sure you've got your affairs in order. This includes estate planning, but Merill Lynch estimates that just 18% of people over 50 have completed their estate planning. With an estate planning attorney, you can effectively plan your legacy. Let's take a look at the advantages of working with an estate planning attorney.
A valid trust or will requires certain local requirements to be enforced. An estate planning attorney can ensure that your estate plan is enforceable under the law of the state you live in. They can also make sure your estate plan will be administered correctly and your intentions are carried out as you intend.
Trying to create an estate plan with form documents will likely result in a one-size-fits-all plan that may complicate your plans for your legacy. By working with an estate planning attorney, you can create a personalized plan. This plan can list your goals, what you want to accomplish with your plan, and the outcomes you want to have. An experienced attorney will be able to draft a plan that fits your wishes.
By working with an estate planning attorney, you'll be forming a relationship that may last many years. Even after you both come up with your estate plan, your attorney can be there to make any updates you may want, keep you informed of any changes to laws, and even suggest updates you may want to make. Your attorney can also make sure that your plan meets your needs. Over time, you may decide to make changes to your will or trust and your lawyer will be able to easily make any changes you want.
Crafting an estate plan can be very stressful and difficult to pull off alone. Trying to do so may result in a plan that leaves your family unsure of your intentions after you're gone. With the right estate planning attorney, you can plan your will or trust with all of your specific wishes down to the letter. An estate planning attorney can take all the stress out of planning, so if you need to make a plan, contact an estate planning attorney today.
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