Why Do You Need an Estate Planning Attorney in Newton, Kansas?
You must have an estate plan in place to ensure that your assets are secured before your death. However, you may be wondering whether hiring an estate planning attorney is required or if you can prepare for the future independently.
This article discusses the importance of estate planning, highlighting 3 reasons why hiring an estate planning professional protects your assets better than handling the matter on your own.
Why Do You Need an Estate Plan?
Having an estate plan in place safeguards your assets in the case of your death. Arranging a plan:
● Permits you to choose someone to handle your affairs if you are unable to do so yourself
● May help to decrease the risk of unfortunate family disagreements over inheritance and rights
● Can help decrease the tax burden on your family members after your death
● Can help your beneficiaries avoid probate court using certain planning strategies
What Is the Role of an Estate Planning Attorney?
An estate planning expert will assist you in drafting a will or trust that specifies how your assets should be divided. They may also assist you in establishing powers of attorney to ensure that your financial and healthcare desires are respected in the event you are unable to express them.
3 Advantages of Working with an Estate Planning Attorney
1. Professional Advice. An attorney will be able to provide you with guidance on how to organize your estate in the best way based on your circumstances. An estate planning attorney will have the experience and information required to develop a plan that includes all elements of your property and assets. This will help guarantee that everything is transferred according to the plan's terms and that your beneficiaries are cared for.
2. Accuracy. When you organize an estate plan without the help of a legal professional, there is a chance that key elements will be omitted. This might result in issues later on, such as excessive taxation, beneficiary disputes, or legal mistakes. On the other hand, an estate planning professional can assist in ensuring that your beneficiaries get their inheritance on schedule while keeping tax consequences to a minimum. Your attorney will also stay current on any legislative changes and ensure that your plan is updated.
3. Less Stress. Estate planning can be complicated and stressful. Hiring an attorney can relieve stress and give you peace of mind knowing that everything will be handled professionally.
Contact an Estate Planning Attorney in Newton, Kansas
Several factors might come into play while planning an estate—factors that can greatly affect you and your loved ones in the future. The estate planning attorneys at Gillmore & Wilson, LLC have decades of experience guiding families with the estate planning process so that everything is carried out accurately and efficiently.
Call us at (316) 283-1550 For more information on how we can help you safeguard your future 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.