The Importance of Hiring an Estate Attorney
Estate planning may be a painful process for many as it requires us to face our mortality, but it is absolutely crucial if you want to protect your assets. Bluntly put, protecting your estate is serious business. One wrong move can completely ruin the entire direction of your will. It is therefor highly advised that you hire an exceedingly qualified estate planning attorney at law in Los Angeles. Below are a couple of points that should help you understanding of the true importance of hiring an estate-planning attorney.
First and foremost, you need to ask your self several important and very serious questions before meeting with your estate lawyer. As mentioned in an article from Forbes Magazine, some of these questions include:
Who will raise your children is both parents pass?
Are there any other descendants that you have not considered?
What are all of the important relationships that you have in your life?
Have you ever made a gift of over $13,000 a year?
Did you sign a prenuptial or postnuptial agreement, or a community property agreement?
These are just few of the basic questions you need to ask yourself. They may make you cringe, but it is necessary for your estate lawyer to know every one of these details to help you achieve the best of situations.
Secondly, every state has very specific laws when it comes to what you can/cannot establish in a will, who can/cannot be a witness and what regulations must be examined before one signs the will. In some states, it is not possible to place one in your will if they are not related to you by blood or marriage. When you hire a qualified estate attorney, they will assure you that such a mistake will be avoided at all costs.
Furthermore, many people are not yet aware that putting your own will together, when its regarding your estate, is not legitimate unless you consult with an estate lawyer. If you do it on your own, your family will seriously pay for it later on, requiring them to remunerate a heavy sum of money to fix your mistakes.
Moreover, hiring an estate lawyer can help sort out complex financial and family situations. If you look at your assets and find that you can relate to one or more of the following points, then you need to hire an experienced estate planning attorney to help sort things out for you immediately. Such situations include, entering your second (+) marriage, you own a business and/or real estate, you have young children, problematic children or have no children, or If you’ve been recently divorced. Other cases include having substantial financial assets or if you’ve lost a family member. The Law Offices of Alice A. Salvo law, an estate-planning attorney in Los Angeles offers simple and less time-consuming services that help you distribute your property among your heirs, no matter where you’re located in California.
I hope that the importance of hiring an estate lawyer to keep your assets safe has been engrained within your mind. The thought of what may happen after you have passed on may make you very uncomfortable, but it is an essential part of the process of staying safe.