Those seeking to plan for the future will probably hire an estate planning attorney. While there are many reasons to hire a lawyer, the main one is usually that people want to avoid having to put their families through the probate process. The courts typically handle the probate process, but depending on the assets involved and their locations, the timeframe for resolving a decedent’s estate can take months and even years. Therefore, many savvy individuals bring in the expertise of estate lawyers well-before their death to ensure that their assets and loved ones will have no issues when it is time to transfer ownership of titles and funds, and there are at least five reasons to hire a competent estate attorney.
- Expertise in Will Preparation
While there are certain situations where a readily available will template can work, most often, the intricacies of an estate require more complicated paperwork. Estate lawyers are trained to manage the preparation of all estates, regardless of size and difficulty.
- Know the Tools to Protect Your Interests
Can a simple will handle your estate? Do you need to divvy things up into trusts? Lawyers understand the tools that can help your survivors without putting them through a lengthy legal process.
- Keep Updated on Laws
As an estate lawyer, they must stay on top of all laws and regulation changes, so you and your family remain protected. Without their knowledge and expertise, it is easy for your entire estate to end up in probate, where your family may be without their inheritance for years.
- Notify You When Changes Are Needed
Also, since your attorney stays on top of all changes made to estate laws, they will notify you when a change to your will is needed. Additionally, they are always there to help you if you have questions about decisions you made involving your assets or other property.
- Understand the Tricks of the Trade
Last, the reason to hire an attorney and plan out your estate is to protect your assets from being unnecessarily taxed through probate. An attorney’s main job is to help you coordinate gifts, designate beneficiaries, use trusts and enter into joint property agreements.
Therefore, while the court is charged with overseeing the probate process, it is your estate attorney’s job to limit the necessity of such a process over your assets. Don’t hesitate in making the decision to plan your estate, contact an estate lawyer, and discuss your options today.