According to Forbes, about 50% of Americans do not have basic estate planning documents. Why? A lot of people do not know that several estate planning products are available. Others do not understand the advantages of owning a will.
Think about this…
Pablo Picasso, a prominent artist, died at the age of 91. He left behind an estate, valued at approximately $250 million. However, Picasso didn’t have a will. As a result, it took six years and $30 million to settle his estate.
Yes, you may not be popular, you still need an estate planning document prepared by professional estates attorney. Here are 5 reasons why you need an Estate Planning Attorney Yukon.
Estate Planning Attorneys:
- Do not only write wills
You might think that you don’t need a lawyer to write your will, especially if you have a simple estate. While this may be true, estate planning attorneys do a whole lot more. An extensive estate plan contains everything, including your life insurance, will, and your retirement savings plans.
- Offer helpful insights
Estate planning attorneys can offer you useful information, including tax consequences. Also, they will counsel you to use documents that eliminate or minimize taxes on your estate. In addition, your attorney will make certain that your Will is put into effect the right way. Overall, estate planning attorneys provide vital information about assets titles and how to avoid a Probate process.
- Save your Heirs needless headaches and costs
An Estate Planning Attorney will make certain that your wealth goes to your successors and not to attorney’s fees. If you die without writing a will, your family or loved ones will have no control over your property or wealth.
All your wealth including, furniture, houses, money, and cars will go through costly and the time-consuming probate process. In the end, the costs of probate may use up most or all of your wealth —leaving your heirs absolutely nothing.
- Know State Laws
In actual fact, estate planning is a complex area of law. It is regulated by state law, which is particular about things such as:
- The contents of a will
- How a trust is formed
- What makes a will invalid or valid
If these things are done poorly, your estate documents could become ineffective or invalid. To avoid this, you need an attorney to draft your estate planning documents. An attorney will ensure that your documents are legally sound, so it will perform your wishes when its time.
Therefore, to make sure your estate plan documents are enforceable up-to-date, correct, and complete, you need an experienced and competent Estate Planning Attorney Yukon.
- Provide good counsel
An attorney can advise you and help you choose a good PR, trustee, or Guardian. Experienced estate planning attorneys know from the qualities that make a good PR, trustee, or Guardian. They will help you reduce the number of possible choices so you can make a good choice.
Why should you hire us?
If you want to protect your loved ones and want a will that is completely in line with the law, then use the services of an Estate Planning Attorney Yukon. Visit Bedlam Law to talk to us about your case, and what you would want us to do for you.