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Why Should I Hire An Estate Planning Attorney?
There are a substantial number of factors and regulations that must be considered and addressed in order to create the best plan for yourself and your future benefactors. Having a knowledgeable attorney to assist you in the formation and execution of a sound estate planning document is essential, lest you end up with a void plan, which leaves the State to decide who becomes guardian of your children or heirs to your estate.
The attorneys at Law Office of Gideon and Jones can help you create an estate plan that will provide the most benefit to you and your future benefactors. If you are interested in using one of our skilled attorneys for your estate planning needs, please contact us for a free consultation.
What Is Estate Planning?
As Benjamin Franklin famously said, “In this world nothing can be said to be certain, except death and taxes.” Your own passing is a difficult subject to address; but, because of its certainty, it is important to have a plan for how your business and family affairs will be handled when it is your time to go. Estate planning is just that; it’s the process of anticipation and arranging for the disposal of your estate upon your passing.
Why Should I Develop A Plan For My Estate?
Passing away without an estate plan takes away your power to name the next owners of your assets, and can create dilemmas for your loved ones and those left in charge of your affairs. On the other hand, having a properly documented estate plan can provide instructions as to whom you want to receive the items you own, the exact items you want them to receive, and when they are to receive those items. Estate planning documents can also provide instructions for your care if you become disabled before you die; name guardians for minor children or incapacitated adults that are in your care; and minimize taxes, court costs, and unnecessary legal fees.