Benefits of Hiring an Estate Planning Attorney in Chandler
Call Citadel Law Firm today to understand how an estate planning attorney can help you
Estate planning can get complicated. Hiring a legal professional can help. Consider these benefits of hiring an estate planning attorney in Chandler.
Are you beginning to plan for the inevitable? Are you wondering if it's time to hire an estate planning attorney?
Having a will or living trust in place is important for so many reasons. You can rest assured that your assets will be distributed as you wish and that your children will be properly cared for. A carefully drawn-up plan can also help you to protect your beneficiaries from unnecessary squabbles and legal troubles. It can help keep your family together.
Yet do you need an attorney for estate planning? The answer is yes, and here are some good reasons why.
1. A Legally Binding Plan
Your plan may be somewhat complex, or it could be straightforward. Either way, you'll want the documents in place to be indisputable in court. This will save your family a lot of time and heartache. It will also not open the door for court disputes. it should help keep your family together and happy.
Your estate planning attorney will have all of the valid documents, procedures, and correct wording to make sure that your plan is legally sound and comply with all the laws in Arizona.
2. You Can Update Your Plan
One of the benefits of creating a living trust is that it can be updated while you're still living. Your relationship with your beneficiaries could change, or you could experience a significant change in your life. This could include getting divorced, getting married, or adopting a child.
With the best estate planning attorney, all that will take is a quick phone call. They can update documents to reflect your wishes without your having to worry too much about it.
3. Save Money on Taxes
Estate taxes can be expensive depending on your net worth, and the best estate attorney can help you structure it in such a way that will be helpful to your beneficiaries. Don't be surprised if the estate lawyer asks for your net worth, it is part of the planning. Lawyers have a complete understanding of both federal and state laws, so they can help you to do this legally and comprehensively. They are also usually up to date with changes in the law, they can contact you in case there is a change that affects you and your family specifically.
4. Save Money on Mistakes
If you try to create a legal document yourself, you may save a little money initially. However, any mistakes you make could end up costing either you or your beneficiaries thousands of dollars as they try to undo the mess. The most expensive cases, and they usually end up in court, are usually related to documents that were not properly drafted by a lawyer.
If you want to make sure your living trust and/or will is solid and won't need to get redone, it pays to get a qualified estate planning attorney on your side.
5. Complicated Situations
Some wills and living trusts are straightforward. Most of the time, however, there are issues that it takes an expert to sort out.
You may be in a second marriage, own more than one business, or have a disabled family member. In certain situations, you'll want an estate planning attorney to help you structure your plans. It can benefit everyone involved.
Questions may arise after you've drawn up your will or living trust. These could come from you or your beneficiaries. A qualified estate attorney can be a trusted point person who will help you understand everything involved. He will also be the point of contact for your family when you are no longer here. It will help you have peace of mind just by knowing that they know who to call when the time comes.
When You Need an Estate Planning Attorney
Hiring an estate planning attorney may initially seem like an unnecessary expense. However, once you realize the risk involved in drawing up your documents without a lawyer, you'll be ready to invest. The best attorney will provide you with expertise and peace of mind.
Don't stop getting smart about your estate now. For qualified estate planning attorneys in Chandler, AZ contact Citadel Law Firm today. Please call us at (480)565-8020 or schedule your free estate planning consultation by clicking here.