Estate planning is a serious business so hiring an estate planning attorney becomes quiet necessary. One wrong signature or word can spoil the whole business so it is better to have a lawyer to guide you in your doings. There are a number of reasons that are enough to convince one to hire an estate planning attorney.
- State laws are quite specific regarding the things that can or can’t be there in a will or a trust; they also state that who can be a representative, a trustee or who can or cannot be a witness to the will, trust. The state laws also state that what formalities must be observed when signing a will, trust or financial power.
- Do it yourself is the wrong thing to do in estate business even if you thing you will save some money it is not right to do this yourself. So it is better to hire an estate planning attorney beforehand so that later on your family doesn’t have to pay extra money to fix your mistakes.
- In case you are married for a second time, you own one or more business, you have problem children or disabled family member, you are divorced or you have no children if any such situation applies to you then you need a professional attorney to guide you and advice you in planning your estate documents.
An estate planning attorney is not different from a lawyer but they are specialised in the field of managing financial and family situations that involve estate and its division. So while you are alive and if you are planning to write your will then an estate planning attorney is the best person to guide you in distributing your assets and also saving you from paying a lot of tax.