With the new year here, you may be excited about getting your finances in order. For some, this means hiring an estate planning attorney to assist with the creation of a comprehensive, detailed plan.
This may not be the most exciting thing you do in 2016 regarding your money, however, it is a step you may need to take. With the right attorney on your side, it is easy to make informed and confident decisions.
Reasons to Get Started
Are you unsure of how to assess your current estate plan and decide what to do next? If you don’t understand the benefits of hiring an estate planning attorney, the following five reasons may put you in a much better place:
- Peace of Mind
If you don’t have an estate plan in place, it is difficult to keep this out of your mind. You will always be worried about what will happen if you pass on. At some point, this will bog you down to the point of no return.
Once you hire an estate planning attorney, this person will help put your mind at ease. Soon enough, it will feel like the weight of the world has been lifted off your shoulders.
- Put it Behind you for now
There may come a time in the future when you need to revisit your estate plan, but for the time being you can put this behind you. As long as you are happy with your plan, year after year, you never have to make another change. Knowing that everything is in order, especially with the help of a professional, will allow you to keep this off your plate for the time being.
- Answers to All Your Questions
Let’s face it: there is nothing simple about estate planning. You will have questions at every turn of the road. When you secure the right answers, you feel good about what’s to come. When you don’t, you may always worry that you made some type of mistake.
One of the primary benefits of hiring an estate planning attorney is to have a professional on your side who can answer every question, no matter what it may be.
- Address Tax Concerns
Are you worried about how much your heirs will pay in taxes upon your death? Are you concerned about your assets going through probate? These are the types of things that an attorney specializes in.
There are steps you can take now to help your heirs avoid tax trouble in the future. Most people don’t understand these strategies on their own. Instead, they need a legal professional to explain their options and help them make the right decisions.
- Get Everybody on the Same Page
Here is one thing that many people forget about estate planning: you aren’t doing it all for yourself. In fact, the decisions you make now are meant to benefit your family in the future.
It is essential that everybody is on the same page, and an attorney can help with this. For instance, you will probably want to meet with your attorney along with your spouse. This gives both people the opportunity to understand what is going on, ask questions, and make suggestions.
It only takes one person being confused to throw a wrench into your plan. Do your best to make sure your entire family is on the same page regarding your estate plan.
With all this in mind, you should now have a better idea of why it is a good idea to hire an estate planning attorney in 2016. If you are still holding back for any reason, don’t hesitate to clear your mind and decide what you need to do next.
Do you need assistance now? If so, it is time to download our free report entitled “Fifteen Common Reasons To Do Estate Planning.”
With this report in hand, along with your prior knowledge, you are in better position to understand your current plan and make decisions on how it can be improved. Combine this with our professional help and you no longer have to worry about what the future holds. We can help you create or improve your estate plan in 2016.