Assets With Sentimental Value Require Estate Planning Attorney
Estate planning is a crucial step, and everyone needs to do it at the right time & situation of life. It is not about the investments that you want to make. Mainly estate planning is useful in deciding facts regarding family legacy and heritage. Here, people are deciding who is going to inherit your assets after death and who will administer your estate. For the various stages of estate planning, it’s highly recommended that you hire a good will attorney near me. A Will attorney will help you discuss, design and implement your estate plan based on your desires.
Facts about estate planning
For some people, estate planning is not an important thing or it’s simply not a high priority. As a result, they may treat it carelessly or procrastinate creating and executing their Will & estate plan. Sadly, the potential beneficiaries are often the ones who suffer from such an indecision, and those potential beneficiaries may face problems or disinheritance in the future. The victims of poor estate planning are typically the ones you leave behind.
Prepare the right type of estate planning documents
Sometimes individuals get their estate planning assistance from online sources. One problem is that online research or documents can often lead to inaction or have unintended consequences. Many people take a generic principle and apply it incorrectly to their unique situation. Each situation is so different and each state can have their own different set of laws and rules. Going the cheap route with an online service could potentially cost a beneficiary thousands or even millions of dollars, depending on the situation.
Sometimes people execute the wrong types of documents than the ones that they really need. Sometimes people fail to sign the documents. Sometimes people lack appropriate witnesses and this can be highly problematic. Although there are cheap online DIY estate planning options available, that doesn’t mean that you’ll get the best value. Remember that cost is only important in the absence of value. As an example, I would guess that 25% of our clients have paid for online estate planning documents and then they come to us to fix all the problems. The good news is that they make it into our office before they die, but what about the ones that do it wrong and never sought the help of a professional.
Hiring an estate planning attorney for preparing documents will help you eliminate these DIY risks. An attorney will interview you and design your plan with you in light of your desires, net worth, goals, etc. State laws are important, and we are licensed in Texas presently, so if there’s an issue regarding another state, then we’ll have you speak with an estate planning attorney in that state. Our attorneys are knowledgeable in Texas estate planning laws and help design a great Will and estate plan for you. If you need to make changes to Wills and estate planning documents, then our estate planning attorneys can help you.
Make sure your documents are legal
Texas accepts holographic wills with certain legalities. Wills must meet several requirements in order to be legal and valid. Sadly, many people fail to sign the documents, fail to hire the right type of witneses, miss a signature, or are coerced into signing documents. It’s important that all of your estate planning documents are both validly executed and say what you want them to say. If both of those conditions are met, then they’ll have a better chance of doing what you want them to do after your death. Then you need to make sure that they’re stored securely, and that other important people know where the estate planning documents are located and have backup copies as well.
Get valuable advice
Often individuals get confused when choosing the beneficiaries and making estate planning decisions. That is why advice from professional Will and estate planning attorneys is so important. Attorneys get to see a lot of different situations so they’re real life experience can be crucial in the design and implementation of your estate plan.
Estate planning demands on ongoing relationship. As of the writing on this article we offer free consultations. That’s important because things change over time. People die, get divorce, get married, get remarried, move, inherit money, spend money, etc. All of these life changes or life events can trigger a needed change or update to an existing estate plan and Will. You and your family have different estate planning needs at different stages of life. After death, your family will probably need a trust administration attorney to help you administer your trust, or they may need to get help from a probate attorney to present the Will to the probate court in order to get Letters Testamentary so that the executor many carry out his/her duties. All of these components are important to consider and plan for in regards to your estate...and to your legacy.
Utilizing online DIY Wills and estate planning documents could lead to increased trouble in the future if you don’t do everything just right. So getting cheap documents online may actually end up costing more money post-death or even disinheriting certain beneficiaries in some cases. That’s why it’s so important to hire a professional attorney who can think through your situation with you and who can then design your estate plan and then make sure that the documents are properly signed during the execution ceremony.
With the help of the estate planning attorneys at Mike Massey Law, you can get assistance from highly experienced and well-trained professionals for your estate planning and probate needs in Texas.