Estate planning is the process of arranging for the distribution of an estate. It will help to eliminate uncertainties of probate administration and minimize the amount of estate taxes and other expenses. Regardless of your age or the complexity of your estate, creating an estate plan is one of the most important steps a person can take to ensure that their final property and health care wishes are honored. Having an estate plan in place is one of the most critical things you can do for your loved ones.
Planning your estate is a serious matter, and understanding the options that are right for you can be a complex undertaking. Whether you need to revise an existing plan or create a comprehensive estate plan from scratch, consulting with an experienced and knowledgeable lawyer is the first step you should take. This is one area in your life where you do not want to attempt to “do it yourself.” The legal ramifications of one wrong word, clausal provision, or signature are too great! Also, state and federal laws that affect estate planning change frequently, so it is important to work with an attorney that will help you to develop, enhance, and formally maintain your estate plan so that you can be sure your goals and objectives are met and carried out.
No one likes to think about death, or the possibility of suffering a long term illness or disability; but if you do not plan for these possibilities, your loved ones that depend on you could find themselves in a desperate situation. Taking the steps to do proper legal planning today, will help protect you, your family, and the things that are important to you.