Estate planning is extremely important, yet can be very tricky. There are a lot of moving parts that must be dealt with in order for your plan to be complete. Working on your estate alone can put you at a great disadvantage, as you may not know all the steps you have to take.
With many factors involved including wills and trusts, power of attorney, revocable living trusts, title to property, and more, it’s important that you have a seasoned lawyer by your side. A lawyer will be able to assist you with any estate planning issues that may arise, especially when it comes to same sex couples, domestic partnerships, civil unions, and family law.
Following are some reasons why you should strongly consider hiring an estate planning lawyer.
Avoiding Probate and Estate Taxes
Putting your estate plan through the probate process can be extremely time consuming and costly. Fortunately, there are ways to avoid putting it through the probate process, and an experienced attorney will help you do so. Methods such as gifting, death beneficiaries, or joint property ownership can help you avoid it. Without the guidance of a skilled attorney, you most likely won’t know the steps you need to take.
Keeping up With the Latest News
Estate planning laws are always changing. Especially when it comes to LGBT laws and rights, the rules can be complex and ever changing. With new legislation constantly coming out and new laws being put in place with estate planning, it’s impossible to stay on top of them without being a professional estate lawyer.
When you hire a legal advisor, they will help you make decisions based on the most recent rules and regulations, which will greatly benefit you. They’ll also know the most recent and useful trends.
Resolving Estate Disputes
Because estate planning is a family ordeal, unfortunately, some situations may arise where some loved ones aren’t happy with the outcome. Especially if the family isn’t close, it’s possible for there to be arguments about who will receive what assets. Some family members may even want to gain financial power of attorney early in the process to ensure they have more of a say.
In situations like these, a neutral, level-headed, unbiased attorney will give you your best shot at having a fair outcome. They’ll assist the family in coming to a fair solution.
Altering Your Will When Necessary
Your estate planning documents are extremely important yet can be very complex. Should you ever need to make changes to them, you run the risk of invalidating the document if you do something wrong. Altering any sort of form or document can render it invalid, so it’s best that you have a legal professional draft and edit these vital documents.
Contact Our Team Today
When it comes to estate planning, the professionals at Metz & Jones have you covered. Our Chicago gay estate planning attorneys are dedicated to ensuring you have a strong estate plan in place. With our services, you can rest assured that your future is secured and will be carried out exactly as you see fit.