Do You Need a Wills & Trusts Lawyer, or Can You DIY?
You may have seen do-it-yourself wills and trusts described as an easy and inexpensive way to handle your estate. While this strategy can be convenient, is it necessarily a good idea?
If you're debating whether to hire a wills and trusts lawyer or do it yourself, consider the following advantages of engaging a professional for your estate planning.
Wills and Trusts Lawyer Can Explain Your Options
When you're faced with planning your estate, it can be challenging to determine which strategies are right for your situation. This is where working with a wills and trusts lawyer can help. A professional can help you navigate the complexities of estate planning, and they can explain the many types of living wills, trusts, and other estate planning options.
A Wills and Trusts Lawyer Will Taylor Your Plan to Suit Your Needs
A wills and trusts lawyer may assist you in developing a plan that matches your individual needs, ensuring that your intentions will be carried out. Your attorney can help you learn what assets require special attention when drafting a will. They can also work with financial institutions to ensure that any beneficiaries receive their share of the inheritance as smoothly as possible.
A Wills and Trusts Lawyer Will Guarantee Your Paperwork Is Kept Up to Date
Changes in your financial status may impact your needs, but it's also important to ensure that your estate plan continues to achieve what you want. A wills and trusts lawyer can examine your documentation to determine if your plan is up to date legally and continues to align with your objectives.
A Wills and Trusts Lawyer Can Help You Avoid Errors
If you try do-it-yourself options, you may encounter problems interpreting the legal language used in the contracts. You could misinterpret what the contract states or forget to mention something pertinent. If this occurs, your intentions may not be carried out as planned.
A lawyer can assist with avoiding these situations and ensuring that your documentation is properly interpreted and legally enforceable.
A Wills and Trust Lawyer Can Assist You in Creating a Trust
A living trust allows you to continue to manage your assets while you're alive and then pass them on when you die. It's more complex and involved than writing a will, so your lawyer can help you set up your trust, ensure it's legally valid, and advise you on the best tax-saving options.
Contact an Expert Wills and Trusts Lawyer in the Newton, Kansas Area
You want to ensure that your family is cared for if anything happens to you. A competent wills and trusts lawyer can help you establish a firm foundation to safeguard everyone you care about and everything you've worked hard for your entire life.
At Gillmore & Wilson, LLC, we have decades of experience working with Newton, Kansas, families to ensure their wishes and goals are met. Call us at (316) 283-1550 to discuss your will and other estate planning needs or use our online contact form to send a message and set up a consultation.
We serve Newton, Hesston, Sedgwick, Halstead, Peabody, and the surrounding Kansas communities.