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Revealed: The Importance Of Using An Estate Planning Attorney
When working and healthy, we always try to acquire wealth so that in the future, we remain financially stable. You might own many estates while another can name a few. No matter the size of the estate, every person needs a document that indicates how their possessions get distributed once they die. You have heard of a will or an estate plan. Today, anyone with some properties and investments needs help from a lawyer when doing estate planning. The good thing required is to work with an experienced estate planning attorney Philadelphia PA who will guide through the whole process.
You might be wondering if hiring an estate planning lawyer is a good thing. Some people learn fast, and they can take a few hours to draft their will. For some, they don’t know what to include and the laws governing such things. As such, it makes sense for one to get the law firm to help plan their estate instead of DIY drafting.
Estate planning is more than writing or completing a will. Everyone must have a will. However, those who have an estate plan remain better placed.
When you hire an estate planning attorney, they draft the documents according to the laws set. Therefore, you will have the valid documents drafted within your state laws. Different laws are touching on the probate and estate planning, and these laws keep on changing. The laws relating to estate planning and probate must be followed. Since you don’t understand these laws, get the attorney who understands the rules well and draft the valid documents that will not be contested in a court of law.
If you are doing an estate plan, you want certain things to be done when you die. One way you can have your wishes followed is to get a lawyer who writes what you want. If the need arises, the lawyer is there to do an update or do some changes when you change your mind. The lawyer will walk you through the process, thus fine-tuning the documents to meet the specific goals you set.
Though you have the final say in what you want to be included in the will, the estate planning lawyer will advise about titling your assets and even selecting the beneficiaries. You can name the beneficiaries, but a naming a trust who will do as you wish is a beautiful thing. Avoid the online DIY estate planning as there is no place where you are advised how to title the assets so that the probate process gets avoided in the future. The selected estate planning attorney in Philadelphia PA will tell the client what to do, how it should be done, and title every asset in a proper manner.
It is easy to type your estate plan and print it. However, that document will not be professional. The aggrieved beneficiaries can contest it. Avoid this problem by getting the estate planning law firm to draft professional documents.
If you want the above benefits when planning your estate, talk to Clair M. Stewart Attorney at Law, and you will never regret it.