If you are starting a family, have recently experienced the loss of a loved one, or are reaching the winter of your life, will planning may be something you’ve begun to think about. No matter what stage of life you’re at, planning your estate is something you shouldn’t overlook. Especially if you have specific wishes regarding how you’d like to divide your assets.
But does this process really require an attorney? The short answer is yes. Hiring a lawyer that specializes in wills and estate planning can save you and your loved ones time, money, and a lot of stress down the line.
For a more detailed explanation, read on to find out why you’ll appreciate having a lawyer involved in your will planning.
State Laws Are Varied and Complex
In the US, different states have their own rules regarding wills and estate planning. These laws can be archaic, idiosyncratic, and difficult to understand.
The last thing you would want is to draft your will, only for it to be rendered null and void after you pass away. But without the help of a professional who’s well versed in the ins and outs of the laws in your state, this is the risk you run. A good attorney will be able to advise you on what you should include and what exactly your will needs to be recognized as a legally binding document.
Many Family and Financial Situations Are Complex Also
Life is complicated at the best of times. When it comes to planning an estate, there are several situations that can make the process a little more complex than it normally would be.
If you’ve got a large estate with a lot of assets, you’re divorced and have remarried, want to leave some or all of your estate to charity, or own a business, your will could be complicated to draw up. In these situations, the guidance of a professional is an immense help.
Estate Plans Often Need Updating
As you move through life major events such as births, deaths, and the loss or accumulation of wealth will occur. When these things happen, your estate plan will need to be updated to reflect the changes and ensure it’s still relevant for your current situation.
A lawyer is the best person to be able to help you quickly and efficiently add these changes, and ensure that they are advisable and legal.
You’ll Save Time and Money
Especially if your estate is large or complex, hiring a lawyer to assist in its planning will likely help you save a lot of money in the long run. As well as this, if you create your own will without the help of a professional, your loved ones may end up having to pay for any mistakes you made once you’re gone.
A lawyer will also be able to handle most of the paperwork for you and your loved ones, meaning you’ll likely save a lot of time and stress, as well.
Talk To Us About Will Planning Today
At Crosson Richetti & Daigle, we’re committed to helping you plan your estate in the most secure and ethical way possible. If you’d like to speak to us about will planning, please give us a call today.
