One can never predict the future, but it is always possible to plan for contingencies. It is a common myth that estate planning is for the wealthy. If you are earning and have assets, regardless of value, you should consider having an estate plan. Simply put, an estate plan determines how your assets and properties are distributed when you are gone. You can also use estate planning to appoint representatives to take care of your financial and medical decisions if you are incapacitated because of illness or other reasons. If you are in Mississippi, working with estate attorney Pamela L. Hancock can help make the right decision. In this post, we are sharing more on the benefits of hiring a lawyer.
Get assistance with various aspects of estate planning
What can an attorney do for estate planning? From creating a will to advising you on state laws, your lawyer can be your trusted source for legal advice. Your lawyer can also lead you on various estate planning documents, such as a living will and a durable power of attorney. People also hire estate lawyers because they want advice on minimizing taxes and avoiding probate. While wills and trusts have a few things in common, your lawyer can offer dedicated insight based on your unique circumstances.
Benefits at a glance
With an attorney by your side, you can expect to get advice without bias. Your lawyer will ensure that your estate plan is in sync with the state laws. Also, your lawyer will ensure that the estate planning documents are drafted, reviewed, and checked thoroughly so that there is no room for conflict after you are gone. If you need to review your estate plan at some point, a lawyer can guide you on that too. Your family and loved ones can use your estate planning attorney as the prime contact to get what’s rightfully theirs after your death. The death of a loved one can often be emotionally draining, and if you leave a will behind (or a trust), your family members don’t have to go through the court procedures after your death. You can also talk to your lawyer about covering expenses so that your family doesn’t have to deal with unexpected financial burdens.
It is never too late or too early to plan your estate. Contact an attorney immediately and get advice for your wishes and expectations. Your attorney can ensure that your wishes are honored at all times.
