Few people take the time to plan the future of their loved ones after they themselves have left the world. While most individuals express the desire to be the one that decides on the distribution of their estate among their dependents, few take the initiative to put together a legal will. Engaging an estate planning attorney Washington DC can make this difficult planning process much smoother, while avoiding problems in the future.
If you have a spouse, children or other dependents who rely on you for their livelihood, it is particularly important to write a will. Without one, the distribution of your assets after your death can involve a long and tedious court process. In addition, your loved ones may have to face high estate taxes in order to be able to access their inheritance.
Your will does not only determine the distribution of your assets among your heirs. It also expresses your decision in matters such as the aftercare of your remains, or who is responsible for executing your will. If you have children that are still legally considered minors, your will can also indicate the persons that will be responsible for their care upon your death.
Being a legal document, a will needs to be more than just a piece of paper bearing your signature. Self-written wills are frequently invalidated due to their failure to meet the necessary legal requirements. An estate planning attorney can help you avoid this, as well as other problems such as loop holes which can result in inheritance disputes in the future.
An estate planning attorney can aid you in setting up a trust, if you choose to do so. A trust allows you to set conditions on how or when your assets will be distributed after your death. Trusts are often used to reduce taxes for your heirs, and allow them to inherit the trust assets without having to go through the process of probate court as in the case of wills.Trusts can also help protect assets from lawsuits or creditors.
A legal practitioner can also help you put together a power of attorney document. If you are ever in a condition where you are incapable of making financial or legal decisions, the person designated by this document has the legal right to make such decisions on your behalf. Such an individual can also be designated to make health care decisions in a situation where you are unable to give consent.
If an inheritance dispute arises following the disclosure of a will, your attorney is once again on your side. He can be called upon at that time to resolve the dispute. As the legal professional who has overseen the writing of the will, he will have access to the necessary resources in order to be able to settle the matters in favor of your wishes.
An estate planning attorney is a valuable partner in putting together a plan for the future of your assets and your loved ones. By writing a will, you can assure that the decisions affecting the lives of your dependents can be made by you while you are alive, rather than by strangers after your death. Working with a professional will help make this process as smooth and reliable as possible.
If you have a spouse, children or other dependents who rely on you for their livelihood, it is particularly important to write a will. Without one, the distribution of your assets after your death can involve a long and tedious court process. In addition, your loved ones may have to face high estate taxes in order to be able to access their inheritance.
Your will does not only determine the distribution of your assets among your heirs. It also expresses your decision in matters such as the aftercare of your remains, or who is responsible for executing your will. If you have children that are still legally considered minors, your will can also indicate the persons that will be responsible for their care upon your death.
Being a legal document, a will needs to be more than just a piece of paper bearing your signature. Self-written wills are frequently invalidated due to their failure to meet the necessary legal requirements. An estate planning attorney can help you avoid this, as well as other problems such as loop holes which can result in inheritance disputes in the future.
An estate planning attorney can aid you in setting up a trust, if you choose to do so. A trust allows you to set conditions on how or when your assets will be distributed after your death. Trusts are often used to reduce taxes for your heirs, and allow them to inherit the trust assets without having to go through the process of probate court as in the case of wills.Trusts can also help protect assets from lawsuits or creditors.
A legal practitioner can also help you put together a power of attorney document. If you are ever in a condition where you are incapable of making financial or legal decisions, the person designated by this document has the legal right to make such decisions on your behalf. Such an individual can also be designated to make health care decisions in a situation where you are unable to give consent.
If an inheritance dispute arises following the disclosure of a will, your attorney is once again on your side. He can be called upon at that time to resolve the dispute. As the legal professional who has overseen the writing of the will, he will have access to the necessary resources in order to be able to settle the matters in favor of your wishes.
An estate planning attorney is a valuable partner in putting together a plan for the future of your assets and your loved ones. By writing a will, you can assure that the decisions affecting the lives of your dependents can be made by you while you are alive, rather than by strangers after your death. Working with a professional will help make this process as smooth and reliable as possible.
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