4 Ways An Estate Planning Attorney Brings Order
More often than not, chaos can ensue when someone dies without a will or other estate planning documents in place. Without a clear plan for distributing your assets, your loved ones may have to go through the time-consuming and costly process of probate, and they may not end up receiving the items you intended for them to have. An estate planning attorney can help bring order to this process by creating documents that detail your wishes and help to ensure that your assets are protected. Here are ways an estate planning attorney can bring order to your life:
1. They can help you create a will
Dying without a will in place means your assets will be distributed according to your state's intestacy laws. These laws take into account your relationship to your heirs, but they may not match up with what you would have wanted. An estate planning attorney can help you create a will that outlines your wishes for how your assets should be distributed upon your death. This can ensure that your loved ones receive the items you intended for them to have, and it can help to avoid any conflicts among them.
2. They can help you create trusts
Trusts are legal entities that can hold assets on behalf of another person. There are many different types of trusts, and an estate planning attorney can help you choose the right one for your needs. Trusts can be used to protect your assets from creditors or lawsuits, to minimize taxes on your estate, or to provide for a loved one who is unable to care for themselves.
3. Estate planning attorneys can help you create health care directives
This is a document that outlines your wishes for your medical care in the event that you are unable to make decisions for yourself. This document can appoint someone to make decisions on your behalf and can specify the types of treatment you do or do not want to receive. A health care directive can ensure that your wishes are followed in the event that you are incapacitated and cannot communicate your wishes yourself.
4. They can help you create power of attorney documents
A power of attorney is a document that gives someone else the authority to act on your behalf in financial or legal matters. This can be helpful if you become incapacitated and are unable to make decisions for yourself. A power of attorney can also be used to designate someone to handle your affairs if you are going to be out of the country for an extended period of time.
If you are considering estate planning, an experienced attorney can help you to create a plan that meets your needs. Schedule a consultation with an attorney today to get started on bringing order to your life.
Contact a law firm like The Cormac McEnery Law Firm PLLC for more information.