Reasons To Utilize an Estate Planning Attorney
People are considering the importance of wills more than they once did. This is evidenced in the fact that as of 2021, 18 to 34-year-olds are more likely to have a will than 35 to 54-year-olds, according to CNBC. People realize, especially in the wake of the pandemic, how important it is to have a will dictating their final wishes to their loved ones. It can be difficult to come to terms with making a will, of course. Nobody likes to think of their death. But making a will doesn’t have to be hard, especially if you work with an estate planning attorney.
Technically speaking, you could potentially have a will drawn up without an estate planning attorney. But doing so could end up being a major mistake. Let’s look into some of the benefits of working with an estate planning attorney when creating a will or trust.
1. You Stay Up to Date
As previously mentioned, people are planning for the future earlier than they once did. In many ways, this is a good thing. But if you make plans for the future when you’re young, there is still plenty of time in which that future can change. You may get married or have children; your wealth could significantly change. An estate planning attorney can help you keep your will up to date, making quick and efficient changes that will reflect your changing life and relationships.
2. Legality
It can be difficult to understand the laws surrounding wills and trusts. You may think that you’re doing everything correctly, but unless you’re working with an attorney that has expertise in estate planning, you probably can’t be completely certain. Your will or trust could potentially be invalidated simply due to a few mistakes, and the best way to avoid this from happening is to work with an estate planning attorney.
3. Advice
You may be uncertain about how best to divide your estate, or for that matter what you should do to deal with accounts that require special handling. An estate planning attorney can do a thorough overview of your accounts, and give you advice on how to best address these accounts in your will or trust. This can lead to less stress and time being spent on your will.
Make sure that you speak with an estate planning attorney; you won’t regret it! Contact us today to schedule an appointment.
