Far too many people procrastinate when it comes to estate planning. They might think that they can do it later or that it’s unnecessary given their limited assets or their simplified plans for asset distribution. But putting off estate planning is dangerous. It can cause your assets to fall into the wrong hands and potentially be squandered, subject your estate to a long and costly probate process, and even lead to familial in-fighting that can ruin relationships. A lack of estate plan can also put your healthcare and financial decisions at risk in the event that you become incapacitated.
If that has you concerned, then it might be time to carefully think about what an estate planning attorney can do for you.
Ways that an attorney can help
The best thing about estate planning is that it is a customizable process meant to suit your vision of the future. With that in mind, an attorney can help discuss the estate planning vehicles at your disposal so that you can make fully informed decisions that further not just your interests, but the interests of your loved ones and your estate, too.
For example, an attorney can explain the benefits of a trust, including conditions that can be placed upon the distribution of trust assets. These conditions allow you to retain some control over your assets and drive your loved ones to act in a way that you see fit. An estate planning attorney can also help you devise ways to avoid costs associated with taxation and the probate process.
Don’t let the risks get the better of you
We know that talking about mortality and estate planning can be bleak. But creating an estate plan can also be liberating. That’s why the attorneys at our law firm diligently work to figure out what our clients want and how to bring it into reality. We make sure our clients understand the risks of taking no action, but also of taking certain estate planning steps. In the end, we simply want what’s best for our client’s and work hard to bring their vision into reality. If that’s the kind of approach that you’re looking for in an estate plan, then we encourage you to continue to browse our website.