Making plans for your future is not a one-and-done endeavor. An estate planning attorney offers you invaluable advice on matters associated with your future planning. They help you address the key issues related to transferring your assets and providing support to the people you love after your demise.
Thus, you should consider meeting with your estate planning attorney throughout your life, including when a certain factor changes or affects your life.
Getting Help from an Estate Planning Attorney
It is crucial to regularly meet with your estate planning attorney to ensure that your estate planning reflects your current life and wishes for the future. Therefore, ensure to meet your attorney when you experience a major change in your life.
These can include having children, getting married, or being separated. So, if you have a child or a grandchild, you should consider meeting with your lawyer to modify your current planning to provide for the grandchild and structure your inheritance in an appropriate way.
Similarly, if you are considering buying a new business, going into debt, acquiring new assets, divesting your assets, or making any other significant financial change, visiting your estate planning attorney is recommended to ensure the foolproofing of your assets.
Besides a major life change, it is also recommended to pay a visit to your estate planning attorney if you have recently experienced a major health change. In such cases, you can consider visiting your lawyer once a year. This will help your attorney to review your plans and ensure that they are still in reflection with your current wishes or update it if needed.
Ensuring regular visits to your estate planning attorney will also help you stay informed about any changes in the law that can affect your plans. For instance, the exempt amount for estate tax changes systematically. So, having a qualified lawyer by your side will help you determine if you are still exempt from state estate tax depending on the value of your estate. Having proper knowledge about your estate planning enables you to make adjustments and ensure that you are using the right tools to meet your needs.
Why Hire an Estate Planning Attorney?
Read on to find out how hiring a competent and well-versed lawyer will help you with your estate planning matters:
- They will help you avoid prolonged and costly probate processes.
- They will help you protect your assets, family, and yourself.
- They will save you time, energy, and effort.
- They will ensure taking care of your family members with special needs.
- They will help you reduce your tax liabilities.
- They will update your estate planning documents.
- They will provide objectivity.
About us
Having a professional law firm by your side is best to ensure finding the most appropriate solutions to your problems or concerns. The Hill Group can be your one-stop shop if you need premium services associated with several practice areas, including estate planning, Medicaid planning, special needs planning, estate administration, and elder law.
To know more, call us at (814) 245-3832 or send your message on our contact form.
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