While planning your estate, you absolutely need the assistance of an experienced estate planning lawyer, like one from Theus Law Offices, on your side. There are many different things an estate planning lawyer will help you do so that your loved ones will be taken care of even when you are gone. It is important to have someone who knows what to do on your side so that you do everything properly and so that probate becomes a seamless process for your friends and family. You may even be able to help them avoid the probate process if you plan properly. Continue reading to find out some of the benefits of hiring an estate planning lawyer.
An Estate Planning Lawyer Can Help Divide Your Assets
It is important to know exactly what you want to go to each of your loved ones when you pass away. You can make a will as detailed as you want and include items for any person in your life. You will want to appoint an executor who can help distribute your estate, but your lawyer will be the best person to assist in making sure each person gets what he or she deserves from your estate. Your lawyer will be an unbiased person who will just want to see your wishes fulfilled.
An Estate Planning Lawyer Can Help Your Loved Ones Avoid Probate
Your lawyer will offer good advice on what you can do to ensure your loved ones will get the majority of your estate, rather than having the government heavily tax everything. One of the best tactics to avoid taxation is giving gifts while you are still around. Not only does this mean your friends and family will get more money or more value from the items that you give, but you also get to see their reaction and will be able to enjoy seeing them love things that you give. Your loved ones will likely feel more sentimental about things that you give while you are still around and will be able to show you how they are enjoying things from your estate. Your lawyer may also recommend putting money or items into a trust that your family and friends can access after you pass away. This is another way of avoiding heavy taxes.
Contact a Lawyer Today
Even if you feel like it is too early to begin planning your estate or do not have enough assets to protect, you still can benefit from hiring an estate planning lawyer. Do not hesitate to reach out to one today to see how an estate planning lawyer can help you.