The unfortunate reality is a large number of Americans do not have a proper legal will set up even though they have a significant amount of assets and family members they would like to pass their assets on to. This is a serious mistake as a will can make the passing on of one’s estate a lot easier and smoother and can save one’s loved ones a significant amount of time and money.
Anyone who is a part of this group and they have put off creating their will for a long time should make sure they get in touch with estate planning attorneys near me as soon as possible so they can begin the legal process. It does not matter how few or numerous one’s assets are, everyone still needs a proper estate plan to correctly have their assets distributed when they are no longer around to provide for their family.
There are several aspects to an estate plan that individuals have to take into consideration when they are putting their papers together. Some components they will have to take seriously is a written will, trusts, power of attorney, as well as advance directives. All of these components have varying purposes, but they are all essential. A written will is for declaring heirs, a trust for asset protection and similar goals, a power of attorney so a reliable individual can manage any remaining financial affairs, and advance directives for end-of-life decisions.
All these aspects are integral to ensuring one’s wealth is distributed in a manner that suits the best interest and the best interest of the family members and loved ones who will be inheriting the assets that a person leaves behind.
What is the Right Time to Call an Estate Planning Attorney in Saint George, Utah?
Many Americans may be waiting to gather a certain amount of assets before they can get in touch with an estate planning lawyer and actually begin the legal process of creating their plan. However, life is not guaranteed to anyone and the sooner they act, the better it is for their loved ones and the easier it will be for them to get access to the money that rightfully belongs to them.
The wisest move a person can make is to call a lawyer and begin the estate planning process without further delay. The plan should also be updated as life changes continue to occur such as the birth of a new heir or divorce and remarriage.
Connect with an estate planning attorney at the Law Office of Barney, Mckenna, and Olmstead PA as soon as possible to get proper assistance with filing one’s detailed estate plan.
Reach them at:
43 South 100 East
590 W Mesquite Boulevard