When You May Want To Hire An Estate Planning Attorney
No matter how big or small your estate is, it is wise to have a proper estate plan in place. The document may ensure that your final wishes are followed and your family is taken care of. However, you might wonder if you can draft a plan yourself or if you should work with an estate planning attorney. The answer to this question depends on your unique situation.
Here are a few signs that you may want to hire an estate planning attorney.
You Have Assets in Different States
If you have assets in more than one state, it can make your estate plan more complicated. All states have different tax and legal requirements when it comes to distributing assets. In this situation, you may want to contact an estate planning attorney.
You Want to Disinherit Someone in Your Immediate Family
Whether it is due to a lack of relationship or a conflict, you may want to disinherit someone in your immediate family. While this may be within your right, it can make things a lot more complicated. It is definitely wise to have an estate planning attorney assist you with this.
You Have a Family Member with Special Needs
If you have a family member with special needs, you want to make sure they are taken care of after you are gone. Therefore, it is important to set up a special needs trust and appoint a guardian for the person. An estate planning attorney can help with this.
You Want to Establish a Charitable Trust
If you have a passion for a certain cause, you may wish to leave a charitable organization money after you are gone. You can do this through a charitable trust. An estate planning attorney can help you set up this trust and give you tax breaks.
You Do Not Want Medicaid to Get Your Assets
If you are currently on Medicaid, you may worry that they might try to take your assets after you die. This is another good reason to work with an experienced estate planning attorney. They may be able to help you protect your assets from Medicaid.
If you are currently in the above situations, it may be in your best interest to hire an estate planning attorney right away. Schedule a meeting with an estate planning attorney today to discuss your needs. The sooner you establish an estate plan, the better.
For more information, visit a website like https://www.linskylaw.com.