Estate planning helps ensure that there will be a seamless transaction of your assets in accordance with your wishes. An estate planning lawyer can distribute your assets to your loved ones so that they are financially protected. Here are some ways your estate planning attorney can preserve your legacy and provide you and your appointed beneficiaries or trustees with the peace of mind that you deserve.
Developing Individualized Estate Plans
Your estate planning attorney will work closely with you to develop an individualized plan that coincides with your personal wishes and goals. Your estate plan will coincide with your will, power of attorney for your finances and healthcare, and any trust documents that you may have previously drawn up. Your lawyer can help you navigate the legal system and the estate planning process so that your wishes are appropriately carried out.
Estate planning lawyers have the experience and knowledge of tax codes and estate law that will help you make the most of your financial situation and legally keep your tax liabilities to a minimum. They will also ensure that your will does not end up in probate court because of unclear or ambiguous language, which can result in both emotional and financial hardship for your beneficiaries.
Ensuring Protection And Peace Of Mind
The peace of mind and financial protection of your loved ones is most likely one of your main priorities. Your estate planning lawyer will identify potential challenges and will work hard to address them so that they do not negatively affect your beneficiaries when your assets are disbursed. They will also make sure that if you should become incapacitated, either mentally, physically, or both, your wishes will still be implemented per your original wishes and specifications.
In addition to carrying out your wishes as they pertain to the disbursement of your assets, your attorney will make sure that your healthcare wishes are both documented and carried out. For example, if you have signed a document known as a DNR (do not resuscitate), your lawyer will help ensure that it is carried out. A DNR order is a legal document stating that the person does not wish to have any "heroic measures" taken such as CPR (cardiopulmonary resuscitation), should they experience cardiac or respiratory arrest.
To help ensure that your beneficiaries are provided for in accordance with your wishes, consult with an estate planning firm like the Law Office of David E. Waterstradt. They can address your concerns and answer any questions you may have so that you can make the best decisions possible for you and your loved ones.