Is it time for you to find a local last will and testament lawyer? According to Edward Jones, 77% of Americans consider having a will and an estate plan in place to be important, no matter their level of wealth. End-of-life planning doesn't just center around healthcare. Having a plan in place for your financial matters is of key importance as people age. Now is an ideal time to meet with a last will and testament lawyer and create a plan.
1. We Never Know What the Future Holds
It's important to dedicate some time to making your estate plan while you're able to. This often involves creating legal documents that will direct what happens to your estate once you are gone. Having a will in place provides many people with the peace of mind that comes with knowing that their possessions will be distributed according to their wishes. When someone dies without a will, it can create a stressful situation for their loved ones that doesn't always ensure that their assets and possession will go to their intended recipients.
2. DIY Wills Are Often Incomplete
While it's possible to pull up legal forms online, relying solely on these can lead to future issues and unintended consequences. Everyone's situation is different and what works for some may not be a smart move for others. Taking the time to sit down and talk with an attorney that understands wills and estate planning will help to make sure your affairs are in order before your death. Even if your estate is small and your final wishes are straightforward, it makes sense to have a knowledgeable attorney conduct a review of your will. Very often, doing estate planning can actually save money for your estate.
3. Having a Will Doesn't Avoid Probate
Many people believe that by having a will they will avoid probate because their will directs how to divide their assets. While I do recommend that everyone have a will so that any assets owned in your name that do not have beneficiaries designated will ultimately go to the people you have named, there may also be ways to avoid probate and save time and money for your estate. By working with a knowledgeable estate planning attorney, you can determine the best way to plan how your estate should be distributed after your death and whether or not probate will be needed. Be sure that everything is in order and according to your wishes by working with a qualified and experienced estate planning lawyer to ensure that your wishes are fulfilled.
Contact our office at Terrana Elder Law today to schedule a consultation with Attorney Jennifer Terrana. She will assist you with getting your estate plan in place. Now is the time to begin the process with a last will and testament lawyer and ensure that your wishes are followed after your death. We look forward to working with you.
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