If you're an adult with any assets, estate planning is very important. Even if your assets are minimal, estate planning is still essential, since everyone should legally name a power of attorney who can act on your behalf should you become physically or mentally incapacitated. Estate planning can be quite complicated and complex, so it is not recommended to do it on your own. If you want to ensure that your estate planning is done correctly, it is in your best interest to hire an experienced estate planning attorney. An estate planning attorney can help you in a number of ways, such as:
Assist You in Choosing the Right Legal Path to Take
Since everyone has their own unique financial situation, there is not a one size fits all approach to estate planning. A good estate planning attorney will assess your current financial situation and advise you on what the best legal path is for you. For some people, a simple last will and testament will work just fine for estate planning purposes. Other people with more complicated financial situations may be better served by creating one or more trusts for their estate. A good attorney will know which option is the right choice for you.
Customized Legal Documents
In this day and age, you can find just about anything on the internet, including DIY will kits. While you can have a DIY will notarized to make it legally valid, these kits where you fill in the blanks are rarely a good option. When you hire an experienced estate planning attorney to assist you with your estate planning needs, you will know that all legal documents associated with your estate have been customized for you. Even better, you will have the peace of mind of knowing that all of the paperwork was done correctly by a legal professional.
Let You Know When to Update Your Estate Plan
Estate planning is not a one time thing-- your personal situation can change multiple times over your lifetime, so your estate plan may require changes from time to time. An estate lawyer will keep you up to date and let you know when it is necessary for you to make changes. Some reasons you may make changes to your estate plan include a drastic change in your finances, divorce, the death of a spouse or other heir, or the birth of a new child.
For more information, contact places such as Skeen Law Offices.