Forget everything you think you know about creating an estate plan on your own. There are so many reasons why you should be relying on one of our experienced Westchester County estate planning attorneys to handle the job. It might seem like people should automatically look to an estate planning attorney when they’re thinking about making out a will or creating trusts and other plan documents.
Unfortunately, that’s simply not the case, as many people opt to handle these matters on their own. That can lead to a whole host of problems, and leave them with plans that are insufficient for their needs. If you’re considering your own legacy planning, it’s important to understand how an estate planning attorney can benefit you in that process. Here are at least seven reasons why you should consider getting help from one of our Westchester County estate planning attorneys.
No. 1 – An estate planning attorney is specially trained
Contrary to what some might believe, different areas of the law sometimes require professionals with specific training and experience in those fields. An estate planning attorney is trained to deal with legacy planning concerns, and can thus provide a higher level of service in this area than attorneys whose expertise lies elsewhere. Many are also well-versed in related areas of legal practice like elder law.
No. 2 – Estate plans need to comply with your state’s relevant laws
The advantages you enjoy from estate planning are directly related to features in your state statutory framework. You need an attorney’s assistance to ensure that your plan comports with your state laws. That can help to provide stability to the plan and enable you to give it the best chance of surviving potential legal challenges.
No. 3 – Estate plans are never one-size-fits-all
You’re unique, and so are your family circumstances. If you rely on do-it-yourself options, you’ll be trying to use a formulaic template to capture all those unique characteristics that make your family what it is. To properly address your needs, you need an individualized approach of the kind that only competent Westchester County estate planning attorneys can provide.
No. 4 – An estate planning attorney can provide comprehensive services
While some general practice attorneys may be able to help you craft simple wills and trusts, they may not be as well-versed in all the intricacies of the planning process. An experienced estate planning attorney can provide important services that help to ensure that you’ve covered all your planning bases. Essentially, your attorney can help you with other elements of life planning that might otherwise be neglected.
No. 5 – An attorney can help you avoid mistakes
Even small errors in your plan can have a dramatically negative impact on the plan’s chances for success. Improperly executed wills and trusts can be voided and can even result in your assets being distributed as directed by the laws governing intestate succession rather than in accordance with your wishes.
You can provide your loved ones with peace of mind as well. With an attorney’s help, you can craft a plan that will withstand the test of time. Without that assistance, you might never know that your plan is defective since no one would discover any problems until after you’ve passed away. At that point, it would fall to your heirs to try to correct any problems – and the last thing grieving loved ones need to be worrying about is an ineffective estate plan.
No. 6 – Attorneys can help you deal with complex issues
A standard DIY will or trust won’t have the flexibility you need to address issues like inheritances for disabled heirs, bequests for minors, or charitable giving. Most of those self-help forms won’t even be able to help you identify when those special needs exist, and that can be a huge problem. Your lawyer can work with you to ensure that all your complex needs are identified, and craft strategies that enable you to plan in a more comprehensive way.
No. 7 – An attorney can help you to protect your assets
Few people who create their own plans ever stop to consider things like asset protection. The problem is that unprotected assets can place your entire plan in jeopardy since it’s impossible to properly plan for the future if you have no way of knowing that you’ll still have your wealth years from now. Westchester County estate planning attorneys can provide you with the asset protection you need to minimize risks to your hard-earned wealth
An experienced estate planning attorney provides the comprehensive services you need to fully protect your interests and your family. In addition to financial preparation like estate and business planning, many attorneys who practice this area of law can also assist you with important issues like incapacity planning. That can be critical for ensuring that your financial and medical concerns can be properly addressed even when illness and injury prevent you from managing your own affairs. These attorneys can also provide sage advice about tax concerns related to your estate, including estate taxes and options that can help you minimize your tax liability.
Attend a free seminar today! If you have questions regarding estate planning matters, please contact the experienced attorneys at the Law Offices of Mary A. Miller, P.C. for a consultation. You can contact us either online or by calling us at (914) 939-6565. We are here to help!