Advantages of Hiring an Estate Planning Lawyer
It is obvious that there is a point in life when we shall die. Nobody knows when they will die, which makes it important for you to consider planning well while you are alive. The estate planning attorney is crucial because they will ensure that your wish is fulfilled once you die. The attorney will ensure that whatever you wished for is executed fully and in the right manner. For this reason, you must choose an attorney whom you can fully trust to do the work. Once you have such an attorney, then you can benefit in the following ways.
First, the lawyer will ensure that there are no conflicts amongst your loved once you are dead. If you have a lot of assets in possession, there is a likelihood that there will be more issues arising from that particular process. However, the planning attorney can be able to foresee such issues when you are still alive. Therefore, they will ensure that all those challenges are addressed beforehand to avoid any issues when you die. The planning attorney can as well push for the probate process in a speedy manner so that everything will be sorted out faster. Since the legal documents and issues will be handled by the estate planning attorney, your family will not be stressed about the legal challenges. Nobody wants their families to go through legal battles once they die. The lawyer can also advise you on creating an irrevocable trust which will permanently transfer your rights of ownership of the properties to the beneficiaries. This is specifically important when you feel you are too old or sick to make rational decisions.
The planning attorney will also create a healthcare proxy for your family. This proxy document will give your family the right to make decisions on the health of the elderly person. If the person is having a terminal illness and their condition keeps on deteriorating, they are likely to make bad decisions concerning their health. However, if there is the proxy document available, the family members of such individuals will take control of the decision making processes. In so doing, they will be able to make sound decisions concerning your health until you fully recover, or die. The lawyer can as well generate a living trust which will place the care and management of the estate on the hands of a lawyer or any other trusted individual. This will remove the worries on how their estates will be managed while they are sick or aging.
Finally, the estate planning attorney will also put your family into special programs. For instance, if there is anyone with special needs, they can be put on a special needs trust which will ensure all their special needs benefits will be fully utilized. There can also be a trust which will take care of supplementary needs such as providing for all healthcare costs. You can as well be guided on several issues relating to the management of your estate. However, you will have the final say in all those processes.