Considering an estate plan? Why you need an attorney

Those who need estate planning assistance should seek the advice of an experienced attorney.

Many individuals are unsure exactly where to start when they are thinking about estate planning. Some people turn to the internet, and look for tips on what they should do to protect their loved ones should they pass away unexpectedly. They may find forms that allow them to create a will right there, and decide that this is all that they have to do to ensure that their final wishes are carried out.

However, these individuals might be leaving their families in a very difficult position. The one-size-fits-all approach that these forms take prevents people from being able to create a plan that is specific to their needs. The documents often leave significant gaps in plans, and it can be challenging for friends and family members to know what to do in certain situations.

Some may not realize all of the various items that should be addressed during estate planning, and they may be missing crucial documents, such as instructions as to how health care should be administered in the event they become incapacitated. Additionally, there may be specific trusts or other estate planning techniques that can protect a person's assets. If an individual does not take advantage of these protections, it is possible that his or her estate could be significantly diminished due to this poor planning. The family will be unable to make changes or recover these funds once the person has passed away.

Once a plan has been put in place, it important that it is kept current whenever there are major changes to the family or assets listed in the documents. Some property may be sold or acquired, and this needs to be account for in the will or trusts. If a person goes through a divorce or remarries, the modifications must be sure to exclude or include the new additions to the family. Without taking these steps, the estate plan could be challenged by certain beneficiaries, which could complicate and prolong the entire process.

You will have very specific concerns when creating your estate planning documents and it is essential that you work with an experienced attorney at this time. It is not enough simply to put a plan in place. You need to be sure that the estate plan that you design takes all of your wishes into account, and is structured in a way that protects your family.

Your attorney will be able to present you with the information that you need to ensure that the plan you create is complete and comprehensive. This will allow you to feel confident that you have done everything possible to prevent problems from making an already difficult time even more challenging for your loved ones.

Keywords: Estate planning, wills, trusts