Estate planning attorneys are licensed and experienced law professionals who thoroughly understand the state and federal laws that affect how your housing estate will be valued, inventoried, dispersed, and taxed after your death. Without an estate planning attorney, the laws of the state will dictate what happens to your property after you pass away.
An estate lawyer can put your mind at ease with vital decisions that you might not be capable of making. Read on to learn about what an estate planning attorney can do for you.
Draft wills documents
An estate planning lawyer knows the complexities of preparing a Will and the variety of legal provisions. They can help you draft, sign, and execute your Will. An estate planning attorney makes sure your Will outlines everything you need while also reducing the chance to go to court.
Help you determine your needs
Most people walk into the law firm office without knowing what they really need. Whether you need to establish a trust or draft a power of attorney, an estate planning attorney has got you covered. A skilled lawyer can help you think through the different ways to provide for the people you love and protect your legacy.
Help you develop and implement a strategy
Estate planning is more than just completing forms. It’s about ensuring you have all the papers you need to secure your estate and cater to the people you love. This might mean gathering several estate planning documents. An attorney will help you consider the big picture and make sure your estate plan is working harmoniously.
Help with financial plans to avoid high estate tax
How can you transfer your assets to someone else without incurring tax liability? How can you avoid having your assets taxed at a higher rate? The laws governing tax change yearly, so this job requires vigilant attention to legislative updates and financial news. You need a lawyer to help you avoid high estate taxes.
Protect assets from creditors
Creditors have different ways to lay claim on a property. An estate lawyer can keep these vultures at bay. A well-crafted estate plan can keep your assets protected from illegal debt collectors.
Avoid probate processes
Probate is the method of transferring a deceased’s property to the named heirs and beneficiaries. Going through the probate process is very expensive, lengthy, and overwhelming. Luckily, an estate planning attorney can help you avoid probate by ensuring that your assets are correctly designated. Should your loved ones enter the probate process, an estate planning attorney can help them navigate the legal system.
Call The Law Office of Mark E. Harden For Estate Planning Palo Pinto
Schedule a free legal consultation with The Law Office of Mark E. Harden if you are thinking about planning your estate. We can help you develop an estate plan that serves your interest and that of your loved ones. Call us today at 817-613-8295 to discuss your needs. We serve Texas and the surrounding area, and we are ready to serve you.