If you are thinking about establishing an estate plan, you may want to talk to an estate planning attorney O’Fallon MO residents trust. He or she may help you develop the right estate plan and answer any questions you have along the way. With a trusted lawyer on your side, you may have a peace of mind that everything can get taken care of the right way.
Why It May Be Important to Have an Estate Plan
Estate planning is not just for the rich. If you don’t have a strong plan in place, it could have a negative impact on your loved ones. Here are a few reasons why estate planning is important:
- It Protect Families with Young Children: If you have minor children, an estate planning attorney in O’Fallon MO may recommend having an estate plan in place. In your plan, you may name the guardians you want to take care of your children in case you die. Without a plan, the courts may have to decide where your children go.
- It Reduces Taxes for Your Heirs: The last thing you want is your heirs to get hit with a big tax bill upon your death. If you have an estate planning attorney O’Fallon locals respect help you with estate planning, you can reduce taxes for your loved ones.
- Your Assets Won’t Get in the Wrong Hands: To ensure that your assets go to the designated beneficiaries, you must have an estate plan in mind. Otherwise, the courts can decide who gets what. This can take years and create turmoil between family members. If state exactly who you want to inherit your assets in your estate plan, this can all be avoided.
- It Can Help Your Heirs Avoid Probate: Another important reason to seek estate planning is that it can help your heirs avoid the probate process upon your death. Probate costs extra money and may require your heirs to wait months until they receive all of their belongings. If you just hire an estate planning attorney O’Fallon MO residents rely on to help you create an estate plan, your loved ones won’t have to deal with the probate process.
Hiring an Estate Planning Attorney
Estate planning can involve many complexities, so it may be in your best interest to work with an experienced O’Fallon estate planning attorney. He or she may help you through the process of drafting the appropriate documents and deciding how to divide your assets.
The majority of estate planning lawyers charge flat rates for drafting documents, such as a last will and testament and beneficiary designations, and planning your estate. If a more complicated matter arises, an estate planning attorney O’Fallon MO residents depend on may likely charge more money and by the hour.
Do not wait to hire an attorney from Legacy Law Center to help you with your estate. If you contact an estate planning attorney O’Fallon MO offers, you can be one step closer to establishing your estate.