Have you thought about estate planning?
Having your affairs in order in the event of your death may not be something you have thought about. However, it’s important to think about what goes into estate planning. This goes beyond simply drafting a will, this is a thorough process that ensures your wishes are carried out in the event of your death and ensures a smooth transition of assets to your loved ones.
Why should I consider Estate Planning?
The last thing you want is lack of communication with your loved ones. By planning ahead, you can avoid the following: family disputes, lengthy court litigations, your assets falling into the wrong hands, and excessive spending on estate taxes. The goal is to avoid complications, provide clarity, and make things easier on your loved ones.
Why can’t I just write out a will?
The quick answer is because you want to ensure that everything is in order. There may be assets, accounts, or documents that get overlooked or unaccounted for. It’s best to seek legal counsel who can help you ensure a smooth transition where every document and asset is accounted for and clearly communicated.
How can hiring legal counsel help me?
Getting your affairs in order require a great deal of consideration and experience. Seeking counsel in estate planning ensures that nothing gets missed. You will want an attorney who can help you draft the proper documents, knows and understands changes in legislation and estate tax laws, and has the experience to help you protect your estate from large tax bills and lengthy court proceedings. The best practice is not to leave anything to chance. Seeking legal counsel helps to avoid any mistakes and allows you the peace of mind knowing that your affairs are properly in order. It’s also important to note that keeping your estate planning updated regularly is something your attorney can help you navigate.
We highly recommend estate planning if you haven’t considered doing so already. By doing so, you can ensure that your affairs are in order and that your wishes are smoothly carried out. There are a lot of things to consider in the process and ultimately, you’ll want to ensure your families best interests. If you’re considering estate planning but not sure how to get started, we can help. Don’t leave anything to chance or procrastinate, let the legal counselors of Troutman & Napier guide you through the process.
More than just lawyers, we are your legal counselors.
Troutman & Napier, PLLC