Why Hire an Estate Planning Lawyer?
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Why Hire an Estate Planning Lawyer?

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You’ve worked hard your entire life to accumulate assets and take care of yourself and your family. Of course you want to maximize these assets you’ve worked so hard for so they can take care of you in the golden years and pass down a legacy to the ones you love. When contemplating if you need to hire an estate planning lawyer, consider this – planning for your estate is serious business.

The average person is not informed on the various estate planning strategies that can provide asset protection and ensure Medicaid acceptance without draining life savings. Shielding your assets from potential lawsuits and creditors’ claims and planning for long-term care is important. You may not care much about these today but one day, they could be a top priority.

If you try to handle your own estate plan on your own, know that a missing step or a missing signature can change the entire intent of a will or trust. State laws are very specific when it comes to executing a will or trust, creating a financial or medical power of attorney, establishing guardianship and living wills.

If you want to save a few dollars using downloadable forms on the Internet or do-it-yourself books to prepare your own estate planning documents, your family will be in for a rude awakening when they find out that a will or trust, or power of attorney isn’t legally valid and won’t work as they anticipated.

If you’re in any one or more of these complex situations, you should consider hiring a qualified estate planning attorney:

You are in a second or subsequent marriage
You have children from two or more marriages or relationships
You own a business
You own real estate in multiple states
You have problem children
You have children under 18
You don’t have any children
You want to leave some or all of your estate to charity
For federal estate tax law purposes, you have a taxable estate
You recently obtained a divorce
You recently lost a spouse or child
The benefits of hiring an estate planning attorney cannot be underestimated. An attorney can ease the estate planning angst and ensure that your assets and property are protected after your death. While estate planning does not provide an ironclad guarantee that an estate will be completely insulated from lawsuits or a will contest, it can definitely minimize the risks.

Ready to get started? Contact a Las Vegas estate planning attorney from The Law Offices of Brian C. Tanko today! You can reach us at (702) 420-7793!

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