Everyone should have a will. That is a simple fact.
If you have children or have any assets at all, it is absolutely essential to have a will. Even those without kids and with minimal possessions can also benefit from having a will, since you’ll still need people to fully understand what you want to happen at the end of your life.
While you may be lured to try to create your own will, it is advisable in almost every case to speak with an estate planning attorney. A skilled and experienced estate planning attorney can help you to prepare a will for a very reasonable fee.
There are countless reasons why it is important to get legal advice from an experienced estate planning attorney for both simple and complex wills. Some of those reasons include the following:
- An estate planning attorney will make sure your will meets all legal requirements. Of course, you have to be of sound mind and body, but there is also more to it than that. Although you can handwrite a will (aka create a “holographic will”), handwritten or improperly prepared wills are often unenforceable. It is better to have an expert legal professional help you to draft a document that everyone knows is legally enforceable.
- Estate planning attorneys will help to ensure that your will contains all necessary provisions. Many people think about dividing their assets and focus on this aspect of creating a will. However, there is more to making a will than just dividing up your stuff.
- If you have kids or even pets, you’ll want to make sure you specify who is to care for them. You may wish to provide special funding for their care as well. Your will can also spell out issues such as how you want your funeral to be arranged, which takes the burden off of grieving family members.
- An estate planning attorney can help to make sure that your wishes are enforced. From ensuring the will is drafted properly, to helping you to name an executor, to advising you on whether to include a no contest clause, your attorney’s expert legal advice will be invaluable.
The Will is one of the most vital documents you will create since it helps you to ensure that your property lives on as you hoped after you are gone. For such an important legal document, it only makes sense to get the best possible expert advice from an estate planning attorney.
How to Choose the Best Estate Planning Attorney For You and Your Family
Estate Planning allows clients to address their values, finances and legacy plan progress. For most professionals and entrepreneurs the importance of proper estate planning need not be stressed. When you hear the term estate, it refers to everything that you have worked hard to accumulate. Your home, real estate, bank accounts, stocks, bonds, mutual funds, cars, life insurance, business interests, artwork, and jewelry.
Without proper planning your beneficiaries will be delayed and inconvenienced with all of the requirements in settling your estate.
When seeking to hire a planner the qualities you need to look for include the following.
The sensitivity of your personal financial matters dictates that you need to have a high level of trust in the attorney who assists you with your estate planning. Most high net worth individuals utilize a team approach that includes their accountant, their financial advisor, and an estate planning attorney. Each of these professionals typically is competent and knowledgeable and have earned the clients trust over time and through reputation.
Most attorneys already have these separate advisors in place, to keep an orderly ship, communication and collaboration is stressed so that all goals can be working simultaneously toward similar objectives. A separate approach often leads to undesired inefficiencies.
You should hire an estate planning lawyer that is highly professional. Your estate planning lawyer should be a recognized leader in his or her field. If you have a complicated situation or lots of assets, choose someone experienced with complex situations and issues so they will always be a shining reflection of your initial decision to hire them in the first place.
Since estate planning will deal with all or most of your assets, you should hire an estate planning lawyer that is reliable and ethical. An ethical estate planning lawyer should consider all your needs and best interests above everything else, and provide sound legal advice and never recommend faddish or illegal scams to save or hide money.
Commitment to a high standard of quality is a good characteristic in an estate planning attorney. Your estate planning attorney should provide a warm and courteous environment that fosters a sense of security and accomplishment. Attention to the smallest detail in addressing every last issue in your estate planning process is the trademark of an excellent estate planning attorney.
Utilize these tips, and you should find a rewarding and securing estate planning experience just around the corner with Martinez Law.