When it comes to planning the future of your family and assets, estate planning may not be the first thing that comes to mind. However, creating a solid estate plan can provide peace of mind that your affairs are in order, even after your passing. Many people believe that they can handle estate planning on their own, but in some cases, it may be wise to seek the help of an estate planning attorney. This blog post will discuss five signs that you should consider working with an estate planning attorney.
You Have a Large Estate
If you have a substantial estate, it may be worth hiring an estate planning attorney to ensure that your assets are properly distributed after your passing. An estate planning attorney, like those at Veitengruber Law, can help you determine the best way to minimize estate taxes and protect your assets for future generations.
You Have a Complicated Family Situation
If you have a blended family, children from multiple marriages, or a child with special needs, your estate planning needs may be more complex. An estate planning attorney can help you navigate these complexities to ensure that your wishes are met and that your loved ones are provided for.
You Own a Business
If you are a business owner, an estate planning attorney can help you create a succession plan that ensures your business will continue to thrive after your passing. They can also help you create a plan to protect your personal assets in the event of a lawsuit or other legal issue.
You Want to Leave a Legacy
If you have charitable causes or organizations that you would like to support after your passing, an estate planning attorney can help you create a plan to leave a lasting impact. They can help you create a charitable trust or other vehicle to ensure that your assets benefit the causes that are important to you.
You Want to Avoid Probate
If you want to ensure that your loved ones can avoid the lengthy and expensive probate process after your passing, an estate planning attorney can help you create a plan that bypasses probate. They can help you create a living trust or other legal instrument that allows your assets to be transferred to your heirs without the need for probate.
Working with an estate planning attorney can provide peace of mind that your affairs are in order and that your loved ones are provided for after your passing. If you have a large estate, a complicated family situation, own a business, want to leave a legacy, or want to avoid probate, it may be worth considering the help of an estate planning attorney. By working with an attorney, you can create a solid estate plan that reflects your wishes and protects your assets for future generations.