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Do You Really Need to Pay an Estate Planning Lawyer to Assist You?

April 12, 2017

Filed under: Estate Planning — Neel Shah @ 9:15 am

 

There are plenty of times in life when it makes sense to handle things on your own or to avoid spending money that you simply do not have or do not need to spend to accomplish a goal.

 

While there are numerous different examples when it does make sense to avoid hiring a professional to assist you, estate planning is not one of them. Paying a professional to assist you with the estate planning process is a good way to give you peace of mind that all possible questions and concerns have been addressed and to ensure that your estate plan is legally valid and accurate.

 

In the event that you make small mistakes trying to handle things on your own, this might not affect you, but it will most certainly effect your loved ones named in the estate planning document. If you make a mistake, for example, or do not clearly articulate what you intend to happen to your assets, it may be more challenging for your loved ones to interpret this. This also means that there is a good chance that your estate will have to go through the probate process, further complicating an already difficult situation.
Thankfully, sitting down with an experienced professional gives you the peace of mind that comes with knowing that someone has thoroughly reviewed your individual estate plan and has made recommendations for you that help to target the passing on of assets, planning for your estate while you are still alive, determining who will step in as guardian for your minor children and minimizing any potential taxes. Consult with a lawyer now to get the benefit of working with a professional.

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