If you’re like most people, you probably don’t give too much thought to your estate. That said, it may be time for you to start considering the importance of this subject.
Estate planning can help reduce the stress of your family after your death and eliminate some legal hassles while they divide up possessions according to your will. It can also make a tough transition easier on your surviving spouse and children. A Reno Estate Planning Attorney can help you put together an estate plan that helps you minimize the penalties and taxes your family will have to pay after your death.
Here are 5 reasons why it may be time to hire an experienced estate planning lawyer in Reno.
- To ease the burdens on your loved ones in the event of your death
An estate planning lawyer in Reno will help you choose an executor or someone who will be in charge of carrying out your wishes after your death. By carefully choosing who will handle your money and other possessions when you die, you can ease the burden on your loved ones after you’re gone.
- To avoid probate
The probate process is when your heirs sort out the things you left behind and distribute them among the people who inherit them. This can be a costly and time-consuming process, and you can avoid it completely by making a proper estate plan with the help of an estate planning lawyer.
- To help you create a solid estate plan
An estate planning lawyer knows the difference between a will and a living trust and can help you create one that is both protective and flexible. Plus, your lawyer can help you make sure that you include specific instructions as to who will take care of your finances, health care needs, and other possessions if you don’t survive.
- To help you understand estate laws
An estate planning lawyer in Reno can always assist you with the complicated legal jargon or take some time to walk you through a process step-by-step. They can also help you determine what assets your beneficiaries will receive and make sure that the assets are distributed as per your wishes, whether by will or living trust.
- To revise your estate plan
If there are changes in your family circumstances, such as a divorce or the birth of a child, it may be time to review your estate plan. An estate planning lawyer can help you make any necessary revisions and get everything in order before you’re gone.
