Why You Need a Lawyer for Estate Planning
You probably know your estate relatively well. Or perhaps there are a few details that are a little bit fuzzy.
Regardless of what you know about your estate itself, you still need a lawyer to help you plan out your Minnesota estate. There’s a lot more to estate planning than merely penning a will that suits the needs of your beneficiaries.
Moreover, a lawyer who’s experienced in estate planning can act as your legal guide, helping you ensure that your will is actually legal. You may even find that having an estate planning lawyer proves invaluable.
Following the Law
Being a law-abiding citizen doesn’t mean that any part of your estate plan is automatically legal. The state technically holds the power of whether or not any part of your estate is valid. Their word is practically law. Their power reaches so far as to say whether or not you were sound of mind during the estate planning process, and in light of such, can reject your estate plan on such a basis. Your estate plan can also be revoked by the court if they find it improperly composed. They’re looking at more than mere grammatical blunders.
To ensure that your estate passes, let your lawyer be your legal advisor, working with you step by step whenever you want to make a change or new addition. Don’t forget that there are rules of what can be put into your state and what cannot be put into your state. You can’t throw everything in like tossing dirty clothes into a closet. Instead, consider consulting your lawyer before you add a single item. It will save you time and effort.
More Than a Will
While your estate may include your will, your estate may consist of more than your will. There’s the potential that that there will be a few details that are better suited for a different kind of document. For example, should your health deteriorate, your health might depend on a health care power of attorney document.
You cannot wager that you shall always have the ability to make vital health care decisions. By assigning someone to oversee your health care decisions, you should have at least a little bit less to worry about. Your family will have a leader they can look to in their time of need and confide their feelings when important decisions need to be made. It’s better to get things in writing now before things start to get worse.
Potentially Avoid Probate
Lawyers have a way when it comes to working with the law. They can help your family avoid going through the entirely. They can also help them avoid taxes that would otherwise be incurred on your estate. While this technically affects the probate process, your decisions to help your family should be decided upon while working on estate planning.
You and your lawyer are the ones who get to work the magic. There are four major ways that you should be able to help your beneficiaries, namely, gifts, joint property ownership, trusts, and using death beneficiaries. Just as you should have a lawyer help you with your will, they should also help you with any of these, especially any trusts. You can help your family avoid extra taxes on your estate by taking preventive measures.
A Later Guide
You might not be the only one who needs some added assistance. Imagine a person with power of attorney trying to best carry out your wishes down to every last detail. Despite the facts they may know you personally and that they may have worked with you through the estate process, there’s always the chance that something unanticipated will arise.
Your estate planning lawyer can be called upon in such a situation, acting as a guide to those with the power of attorney. Part of you doesn’t need to be lost. Once you’ve departed from this plane, the estate planning attorney you worked with can act as a living, breathing archive to what remains of your estate. With a small request, they can become an emissary when it comes to decoding your will and various other documents. They’ll be your advocate.
Getting Your Estate Prepared
Once you dial 612-424-0398, you can begin work on your estate planning.
All you need is a free consultation and then, things should be able to get underway. The law firm of Flanders Law Firm LLC is ready to help you get the documents that you need prepared ready. They understand probate law, too. So, in the case that you want to route a family member to someone who understands probate and your estate before you leave this world, consider sending them to your estate planning lawyer.
