One of the most important things you can do before you pass away is to ensure that your last wishes are honored by creating or updating existing estate planning documents. This may include trusts, wills, powers of attorney, health care directives and other related tools. In this digital world today, you will find many do-it-yourself estate planning options available to you, often at a low price.
Using an online service provider for preparing your legal documents might be tempting because they offer their services at seemingly low rates. However, you should remember that this could lead to your estate plan not fulfilling your wishes. This, and several other reasons, is why it is a smart decision to hire an estate attorney in Haddonfield to help prepare and execute your legal documents.
Reasons to Hire an Estate Attorney
Here are some benefits of hiring an estate attorney rather than opting for an online service provider:
Update Documents When Appropriate or Necessary
Estate planning documents like trusts, wills, etc., are not something that you should prepare once and never check again. You should ensure that your plan and related documents still fulfil your wishes, even as your financial situation changes or life events occur. If you already have estate planning documents, they should be carefully reviewed by your attorney to determine whether they need to be updated, given your wishes and goals.
Draft Documents Following Current Law
When you hire a licensed estate attorney, you can rest easy knowing that your documents will comply with current law. Trust and probate laws are subject to change from time to time. Working with a licensed estate planning attorney ensures that your plan fits within the parameters of the laws in your area.
Customization of Documents
When you purchase estate planning documents such as wills, trusts, etc., what you get is a blank sheet. This may be sufficient for individuals with basic assets and simple goals. However, in most cases, it does not have the customization required to suit your circumstances and reflect your wishes accurately. An Estate Attorney will ensure that you have documents that are fully customized and tailored to your needs.
Informed Legal Advice
Creating a will or trust does not cover your bases with a plan for all your property and assets. Unfortunately, many people realize this too late. Even if you have a comprehensive estate planning document, there may not be coverage for some accounts requiring special handling or independent beneficiary designations. An estate attorney can review your property and assets thoroughly and provide informed legal advice to help guide your decisions.
Conclusion
Hiring an estate planning attorney is beneficial for you and your loved ones as well, as they can be a helpful guide during a difficult time. With an estate attorney in Haddonfield, you can have peace of mind knowing that a licensed specialist will create fully customized documents that meet your needs, protect your accumulated wealth, adapt to changing circumstances and carry out your wishes.