An estate attorney is the ideal professional a person should connect with if they have assets or they have a significant amount of property and they want to ensure it is distributed in the best way possible after they pass away. The truth is, individuals, do not have to be very rich or have an enormous estate to have estate planning done. Anyone who has loved ones they want to be taken care of should call a lawyer and begin the estate planning process.
Some people may think they can take matters into their hand and do the legal paperwork themselves but since the legalities surrounding the topic of one’s estate and their last will and testament are often very detailed and complicated, this task is best left to a professional who has the right education and expertise to get the planning done through the correct method.
If a person makes the mistake of trying to do everything themselves, then there are high chances they will end up forgetting an important step or they may fail to follow legal protocol and this can lead to their plan not meeting government standards. If this is the case a person’s plan will be disregarded and the state will distribute the property as they see fit.
The main purpose of estate planning is to make sure that a person’s assets will be passed on to the correct individuals after a person passes away and that the maximum amount of benefit is received with minimal taxes being pulled from one’s property. Without doing the legal paperwork, a person’s family may not get their assets or they may get a lot less than what they are entitled to due to significant tax cuts.
How Often Should an Estate Plan be Reviewed in Saint George, Utah?
A person should have their estate plan reviewed every couple of years to make sure it still meets their criteria and to ensure it still follows the current rules of the state. Since many factors regarding a person’s life can change in a year, a person should make sure they are staying up to date with altering their estate plan according to these changes as well.
Get in touch with an estate planning attorney at the Law Office of Barney McKenna and Olmstead today to protect one’s assets and to ensure they are passed on to the correct beneficiaries when a person passes away.
Reach us at:
43 South 100 East
590 W Mesquite Boulevard