Estate planning helps you protect your loved ones. With an estate plan, your assets will be distributed the way you want them to be if you pass away prematurely. That’s only one of the many reasons why you need a lawyer to help you. Here’s the rest.
Asset Distribution
When you hire skilled estate planning lawyers in Lafayette, IN, they’ll make sure that everything you own will be distributed according to your estate plan.
Shorter Probate Process
Probate is the distribution of a client’s assets in court after they pass away. However, if you have an estate plan, your family can look forward to a shorter probate process, which is more convenient for their needs. You want your heirs to receive those assets the soonest time possible.
Zero Mistakes
Most people who make a will online won’t know what mistakes they’re making. If you have an estate planning lawyer to oversee every step, you won’t have to worry about mistakes. They will make sure your will is legal.
Protection for Loved Ones
An estate plan protects your family’s legal rights to your assets and prevents anyone from trying to take advantage of them. You also save time for your children if you name your beneficiaries. You can prevent attempts from unscrupulous family members who may try to take charge of those assets.
Trust Creation
If your kids are still years away from being of legal age, make sure you entrust those assets to someone you can trust with their care. Create a trust, so you know your children will go to an adult who loves them and will care for them in your stead.
Lower Taxes
Estate taxes can be tremendous. A trust can help reduce that burden on your heirs. Create one that legally shelters your assets from federal and state taxes.
Contact Ball Eggleston for more details.
