When going through estate planning, it is wise for individuals to hire a law firm to help them. Although it is not required to have legal help, most people feel more confident when they know they are being represented by a lawyer. Knowing what to expect from the estate planning process will allow individuals to be fully prepared for the process they will go through.
Information on Estate Planning
No matter how large or small a person's estate, estate planning is an essential task that needs to be completed well before a person reaches their final years. Many people make the mistake of thinking estate planning is only for the rich but this is not true. Anyone who owns any property, owns an estate. Without estate planning, a person could end up having their estate decided on by the state instead of having their wishes carried out. The following steps will be carried out during estate planning. More information can be discovered by visiting bzlawgroup.com.
Estate planning will provide information on care instructions, should the person become disabled and unable to speak for themselves.
A guardian and insurance manager will be named for any minor children.
Estate planning involves choosing life insurance to provide for the needs of the family members of the deceased.
If the individual owns any businesses, estate planning will ensure they are transferred correctly if disability or death occurs.
Estate planning helps to minimize the taxes that will be paid on the state and any court fees or legal expenses.
The plan will make provisions for family members with special needs, so their government benefits are not stopped or reduced.
Estate planning is not a one-time event. The planning process needs to be re-visited on a regular basis, as major changes occur in a person's life.
Schedule an Appointment
Those who have never been through estate planning need to be aware of the options they have and how Beress & Zalkind attorneys at law can help. An attorney will work with their client through each of the steps involved in estate planning and can offer help on creating a trust to protect the inheritance.
It is important those who want legal help for these services contact the office of Beress & Zalkind PLLC. Allow them to help you through the process of estate planning, making it easier and less stressful. Call them today so you can get started.