You are ready to create an estate plan, congratulations on taking the first step! You may be tempted to use available DIY online services that can help you draft a will, but estate planning is much more than that. Each person’s circumstances and long-term goals are unique and must be evaluated accordingly. From a medical power of attorney and a trust to other directives, there are many estate planning tools to consider. You need to get the help you deserve, for which hiring an attorney is the right step. In this post, we are discussing why you need to consider talking to an estate planning lawyer.
- It is about bespoke solutions. Instead of creating an estate plan that’s based on the input of your friends, you should consider your personal needs. Do you want to disinherit a legal heir? Do you intend to make arrangements for conditions like incapacitation? Do you want help creating a living trust? An estate planning lawyer can provide you with the right solutions to address every concern.
- It is not a one-time process. It is a common myth that one can create a will and forget about it. Family dynamics, the expanse of wealth, and circumstances can change in a few years, and you may need to revisit your estate planning documents. With an attorney, you can be assured that everything is up to date and drafted as per your current wishes.
- It is also about compliance. Ensuring that your estate planning documents and paperwork are in sync with the law is crucial. Estate law is complex, and besides the state laws in NC, you should also adhere to federal regulations and norms. An attorney can ensure that the legal work is done right so that disputes and complexities can be avoided.
- It is about addressing your concerns. If you plan to change your documents or want to include more estate planning tools, you will need an attorney to guide you. Most experienced lawyers work with clients with a personalized approach, preventing all missteps. They can also help you find ways to save on taxes.
- You may get advice on other things. Because estate planning laws change with time, lawyers have to be up to date on all aspects. Also, they deal with finances and can offer accounting advice in many situations. They can also guide on investments and how one can maximize their benefits from a trust and other tools.