Benefits of an Estate Lawyer for Estate Planning
Benefits of Consulting an Estate Lawyer for Estate Planning
Estate planning involves more than just writing a will. In fact, it's an incredibly complicated process. Here's why you should hire an estate lawyer to help.
Keyword(s): estate lawyer
Does the thought of your beloved home being sold at auction bring tears to your eyes? Would your heart break if your favorite daughter didn't receive your wedding rings?
Well, without drafting a will and creating an estate plan, this is exactly what happens. The state where you reside takes control over all your assets following your death, leaving you no control over your keepsakes or property.
If you don't have a will or aren't sure where to start, an estate lawyer can help. Here are 5 reasons to hire an attorney and plan for life after you're gone.
1. Estate Planning is Complicated
You're not an estate lawyer. Which means drafting your own will and estate plan can be a complicated business. Every word and phrase included in the documents are subject to scrutiny.
There are certain DIY projects that are therapeutic and fun to complete. Writing your own will and estate plan isn't one of them. The process is best left to the professionals who are trained in drafting and finalizing legal documents.
Another thing to consider is the fact that state laws surrounding wills and estate planning are constantly changing. Your estate lawyer will be up to date on the most recent laws and how they affect your future.
2. An Estate Lawyer Saves You Money
You may think that drafting your own will and estate plan is cheaper than hiring an estate lawyer. But the truth is, hiring a lawyer will actually save you money in the long run.
Hiring an attorney is a one-time, flat fee. You know exactly how much you're paying and what you're getting in return. When you go it alone, you run the risk of paying court costs, additional taxes, and other professional fees.
3. Estate Lawyers Are Unbiased
One of the hardest parts about will and estate drafting is fairly dividing your property and assets. Your family and loved ones will all have an opinion about what you should do. This can get overwhelming and downright ugly.
Your estate lawyer has no vested interest in your assets or property, other than carrying out your wishes. Your attorney will offer unbias advice and guidance. This takes the emotional aspect of trying to please your family out of the equation.
4. Estates Are Settled By (Other) Lawyers
After you leave this life, it'll be time to look over your will and estate plan. This process is done by lawyers. Lawyers, just like your estate lawyer, who know exactly what they're doing and looking for.
A state judge will review your estate paperwork to make sure it's valid. Writing it yourself, without legal guidance, could result in complications for your family. Having a professional attorney oversee the planning, streamlines the review process.
5. Save Yourself Time and Aggravation
The biggest reason to hire an estate lawyer is to save you time and aggravation. Let's face it, writing a will and estate plan is straight up hard! Especially if you lack the experience or knowledge to get the job done.
And that's just the initial writing of the documents. Forget if the will or estate end up in probate where a court determines it's validity. The entire process of drafting a will and estate plan can be extremely stressful. Best to leave it to the professionals.
Hire an Estate Lawyer and Rest Easy
When the end of your time here on earth comes, the last thing you or your family should worry about is what will happen to your assets. Hiring an estate lawyer will put your mind at ease so you can focus your attention on your loved ones.
If you're ready to plan your estate and start living life, contact us today!