An estate planning attorney comprises everything you own, including your home, car, land, life insurance, furniture, bank accounts, investments, or other property. An estate plan puts you in a position to manage the assets and the rights to inherit them.
An estate plan organizes your family's finances to ensure their wellbeing after you are gone. It lets you avoid taking your family through lengthy and complicated legal processes, avoid disputes and secure their future.
When you're the parent of young children, appointing a guardian is typically considered the most important role of an estate plan. The person you name as the guardian of your children in your will has the responsibility of stepping in to care for them if you become unable to do so.
Creating the least possible tax burden for your heirs is another key aspect of estate planning. Estate planning helps in reducing the state estate taxes and state inheritance taxes partly or completely.
Families get pitted against each other and end up in court to settle disputes that sprouted due to lack of an estate plan or a will. An estate plan becomes even more urgent if you have more than one spouse or have children from more than one family.
