Estate planning is often overlooked in financial planning. Many people avoid confronting difficult questions like, "What will happen to my assets and loved ones after I pass away?" As a result, it's not surprising that nearly half of Americans lack a will, and even fewer have a comprehensive estate plan. How many people could gain from having an estate plan in place? What does an estate plan entail, and how does it differ from a will? An estate planning attorney can guide you through the entire estate planning process and assist you during probate court. They are well-versed in the state and federal laws that affect your estate.
Tasks an estate planning attorney can help with
Estate planning attorneys, also known as estate law or probate attorneys, are licensed professionals with in-depth knowledge of the state and federal laws that govern how your estate will be managed, valued, distributed, and taxed after your death. In addition to guiding you through the probate process, an estate planning attorney can help with the following:
Drafting a Will: Ensuring your wishes for asset distribution are clearly outlined.
Designating Beneficiaries: Assigning the rightful individuals to inherit your assets.
Setting Up Powers of Attorney: Establishing durable and medical powers of attorney in case of incapacity.
Minimizing Estate Taxes: Collaborating with financial experts to minimize estate taxes when possible.
Avoiding Probate: Finding strategies to bypass probate court and streamline the process.
Creating Trusts: Protecting assets both for your benefit during your lifetime and for your beneficiaries after your passing.
Do I need an estate planning attorney?
Though estate planning involves time and expense, it ensures your assets are distributed according to your wishes. The key benefits of working with an estate planning attorney include:
Creating a tailored plan
Creating a plan that meets your specific needs and provides expert legal advice
Estate Laws
Ensuring compliance with current estate laws, making your decisions legally enforceable
Trusted Support for Will and Trust Updates
Gaining a trusted resource for ongoing questions and updates to your will or trust
Managing Estates and Avoiding Probate
Guidance through probate if you're managing a deceased person's estate, and possibly avoiding probate altogether, depending on the assets
Protecting Estate Value
Legal support if someone contests the will, helping prevent costly lawsuits that could reduce the estate's value.
Book A Free Estate Planning Consultation In Greater Boston, MA
At Bucklin Legal, I am here to guide you through the complexities of estate planning, providing the support and expertise necessary to protect your assets. By taking proactive steps now, you can protect your assets, minimize future complications, and give peace of mind to both you and your loved ones. Don't wait—begin your estate planning journey today to ensure that your legacy is preserved exactly as you intend. Get started by calling me at 781-632-8675 or filling out my online contact form.
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