Estate planning is a very prevalent term. Each minute, someone somewhere is making plans regarding his or her estate. This is a clear indication of how important estate planning is. However, not everyone is aware of the importance of this plan. In the modern era that we are, people still die without planning their estate. In fact some people don’t even believe in estate planning while others don’t really know what this plan entails.
You see, estate planning is the best and easiest way to secure your future and the future of your loved ones. With an estate plan, you can make certain decisions even while dead. Strange, right? Well, you can say that again. Before we delve further, let’s take a little look at what estate planning is.
What is an Estate Plan?
An estate plan is a plan created to manage and distribute the assets of a deceased upon his or her passing. Contrary to what most people believe, an estate plan isn’t just about creating a will. If you want to create a good estate plan, you will need to consider other legal documents like a power of attorney, living trust, a financial power of attorney, letter of intent, etc.
You can create an estate by yourself (DIY), with the aid of online tools, or with the assistance of an estate planning lawyer 14260, Buffalo, New York. We will always advise that people hire estate planning lawyers for the preparation of an estate plan. Estate planning lawyers, unlike the online tools, can help you create a personalized estate plan. In addition, they can offer you the best advice when needed.
Why is Estate Planning Important?
Many people are yet to see the importance of estate planning. In fact, in the U.S lots of people die each year without drafting an estate plan, or even creating a will. The consequences of this terrible act will be experienced by the family and loved ones of these estate owners.
Creating an estate plan is very important. In fact, I cannot emphasize how important this plan is to not just you, but to your family and loved ones.
Failure to create an estate plan when alive will likely haunt you when you become incapacitated. It will also affect your family when you eventually kick the bucket. There will be lots of court hearings to decide how your properties will be shared. Your estate will surely undergo probate which can be difficult, expensive and time-consuming, In a nutshell, failure to create an estate plan is a very terrible mistake.
Estate Planning Lawyer 14260, Buffalo, New York.
Creating the best estate plan, with all the necessary documents in place, is the best gift anyone can give his or her family and loved ones. After the death of an estate owner, the whole family is thrown into mourning. Things get worse gradually if the deceased was the breadwinner. However with a good estate plan, the funeral arrangements, the family of the deceased and his or her loved ones, will be well catered to. This is only possible with a good estate plan and you need to help of an estate planning lawyer 14260, Buffalo, New York to create such an estate plan for you. Who is an estate planning lawyer? You may ask.
An estate planning lawyer is a state licensed person who is an expert in estate planning. This professional can help you plan an estate and prepare the necessary documents related to estate planning. You’ll need the help of an estate planning when planning your estate because:
This professional can help you create an estate plan that mirrors you intentions regarding your assets and your loved ones
- This professional has the experience needed to create a good estate plan
- They are conversant with the estate planning laws of your state
- They can help you plan an estate that avoids the difficult probate process
- They can offer you valuable advice when making those crucial estate planning decisions
- They can make the estate planning process easy and quick.
Contact us if you are in need of an estate planning lawyer who can help you create an estate plan that will secure your future and the future of those you care about.
