Why Do I Need an Estate Planning Lawyer?
The estate planning process may not be too fun to think about, but it’s one of the most important steps you can take during your lifetime. If you think about it, your estate is the lasting legacy you leave behind to represent everything your life stood for. Having the right wills and estate planning lawyer on your side will ensure that your legacy represents you and provides for those you love the most.
How a Lawyer Helps the Estate Planning Process
Estate planning lawyers dedicate their entire careers to understanding all the ins and outs of estate planning. They understand the benefits and drawbacks of various planning options and they have their fingers on the pulse of the estate tax environment. While plenty of websites give you access to boilerplate estate design documents, only a lawyer can help you draw up custom documents that not only ensure correct asset division after you’re gone but that also help to minimize estate and gift tax consequences.
From designing personal wills in Concord to creating complex, multi-generational trusts, your wills and estate planning lawyer can ensure that your family, executor and trustee have complete instructions for the distribution of your assets.
With a Lawyer, You Get Limits
Not everyone with personal wills in Concord is comfortable with their heirs receiving all their assets at once. In some cases, youth, inexperience and special situations make an heir unprepared to handle a sudden influx of property and capital. In these instances, a lawyer can help you design a trust that allows for the regular and gradual release of assets to named heirs so that you can ensure the assets last as long as they need them to. A trust can also ensure that certain conditions are met before the release of assets, so that you can continue to help your loved ones make better choices that will positively impact the rest of their lives.
Don’t sell yourself or your legacy short. Talk to an estate planning lawyer today and start designing an estate plan that lives up to all your expectations long after you’re gone.