Estate planning is incredibly complicated. Every sentence serves a purpose and the smallest error can undo your intentions or affect its validity. Sure, the internet has an unlimited amount of information and, with some time, you might be able to understand the basics of what needs to be done, but you are taking a major risk. At the end of the day, the estate plan you create might not hold up in court. Therefore, this is one task you should not write on your list of DIY projects.
Reasons Why You Should Hire an Estate Planning Attorney
Estate planning is necessary if you wish to protect your assets, heirs, and your legacy. However, it is a complex and intricate area of law that is not easy to maneuver if you lack the knowledge and experience a seasoned attorney is equipped with.
Here are some reasons why you need to consider hiring an estate planning attorney:
- You will be able to create a customized plan: If you try to handle your estate plan on your own, chances are you will heavily rely on the internet for assistance. Unfortunately, all the pre-packaged plans and forms you will find do not leave a lot of wiggle room for customization. The fact is that not everyone can or should fit into a one-size-fits-all template, especially given how unique every person’s needs are, so you will put yourself at a serious disadvantage by relying on the internet for your estate planning needs. If you hire an attorney, he or she will work with you to customize a plan that works best for your needs and goals.
- You will be able to avoid probate: Probate is a time-consuming process through which will is verified and assets are distributed. However, it is often expensive and highly complex. If you try to handle your estate plan on your own, chances are you will not be able to avoid probate.
- You can reduce your tax liability: An estate planning attorney will also help you figure out how to best minimize tax liabilities, so your loved ones are not overburdened with taxes when they inherit any property or monetary gifts after your death. After all, you do not want to leave them with a final gift that has a big price tag. You can count on your attorney to help you select the best option.
With all the intricacies and details involved, the best way to ensure your estate is handled properly is to hire skilled legal assistance. Do not cut corners on something this important.
Speak to an Estate Planning Attorney Today!
Estate planning requires effective strategizing, consideration, and the help of an experienced legal advisor. At Drexler Law, our estate planning team will help you explore all of your legal options, so you can ensure your loved ones will not have to make any tough decisions regarding your assets in the aftermath of your death.
Contact our law office today at (719) 259-0050 to schedule a case evaluation with a member of our legal team!