Saint George, Utah, Why Do I Need the Advice of an Estate Planning Attorney?

Estate planning is something that everyone should take care of at some point in time in their lives, and this is better done sooner than later. No one knows how much longer they have to live, and if a person has assets and loved ones then it only makes sense for them to ascertain the fair and easy distribution of their wealth beforehand.

It is a mistake for a person to believe they can take care of the estate planning process on their own. Individuals will require the help of an experienced professional to make sure they are not skipping any steps and to ensure there are no loopholes in their work. Estate plans are a very sensitive matter and the last thing anyone would want is for their information and paperwork to be discarded because it does not comply with the appropriate legal standard.

The main purpose of creating a good estate plan with the help of a lawyer is to ensure that assets are passed on smoothly, tax burdens are reduced as much as possible, and all inconveniences can be reduced by as much as possible. Individuals may think they have drafted a great estate plan on their own, but they will need a lawyer to go through everything and make sure they have covered all aspects of the situation. They will also need to make sure their estate plan is reviewed regularly so any changes in tax law, business, family, or assets can be updated in a timely manner.

What Happens if there is No Will or Trust in Saint George, Utah?

Anyone who dies without having a proper will in place will not be able to decide for themselves how their assets should be distributed. Instead, the assets will be distributed based according to state plans and this usually entails that the wishes of the deceased will not end up getting fulfilled. Not to mention that there will be additional taxes and fines that will have to be covered through one’s assets as well.

To have the upper hand and to ensure that everything goes the way a person wishes, they need to make sure their estate plan is thoroughly crafted and looked over by a professional.

An estate planning lawyer who is up to date with the estate laws in Utah can ensure that a person’s assets are distributed according to their best interests, and their loved ones receive everything with ease at a time when they need it most.

Get in touch with an estate planning lawyer at the Law Office of Barney, Mckenna, and Olmstead, PA to get proper help with filing and creating the ideal estate plan.

Reach them at:

SAINT GEORGE

43 South 100 East

Suite 300

(435) 628-1711

or

MESQUITE

590 W Mesquite Boulevard

Suite 202A

(702) 346-310