Why Do I Need an Attorney for Estate Planning?

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Why you Need an Attorney for Estate Planning?
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What is Estate Planning

• Estate planning is the process of anticipating
  and arranging, during a person's life, for the
  management and disposal of that
  person's estate during the person's life and at
  and after death, while minimizing gift, estate,
  generation skipping transfer, and income tax.

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Reasons Why You Need an Attorney for Estate
Planning

• Saves Time and Energy
• Require more than a Will
• Saves money
• Objectivity
• Its complicated
• One Shot
• Constant in your life is a change
• Estate Lawyers Can Help Sort Out Complex Family
  or Financial Situations

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Saves Time and Energy

• Handing off the perplexing task of drafting a
  careful estate plan to a responsible expert will
  mitigate a massive burden on you. Its a ton of
  work to compose an estate plan.

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Require more than a Will

• Always remember, you dont simply require a will,
  you require an estate plan. While the two terms
  estate plan and will are frequently used
  interchangeably, this isnt right, as they are
  two distinct things. An estate plan is a set of
  legal records to get ready for your disability or
  death. A will is only one of those documents, but
  an essential one.

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Saves money

• Estate ends up paying more in the long run in
  professional charges, duties and court costs.
• Utilizing a flat rate with lawyer will be
  significantly clear for long-term economic
  advantages.

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Objectivity

• If you will have an attorney on your side, you
  will bring that additional voice of reason as a
  powerful influence on present and future estate
  planning needs.
• Is it a smart thought to leave your whole estate
  to your dog Buster?
• Is your 18-year-old child really mature enough to
  deal with your IRA which is of worth a million
  dollars?
• A legal advisor can give you immediate,
  unvarnished, and fair guidance.

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Its Complicated

• It is half art and half science. Each word, every
  phase, can undo an estate plan.
• The law is powerfully changing constantly. The
  government, organizations like the IRS, and
  courts at each level are changing the rules of
  the games always.

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One Shot

• Number of chances do you have to get your estate
  plan right? One! There is no additional chance.
• If, you write your own particular will and
  overlook or forget a key necessity, and then
  something happens, there can be no do-over. Its
  finished.

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Constant in your life is a change

• As your life change, your estate plan must
  adjust. Maybe you move to another state. Possibly
  you have a child and then some more children.
• The children grow up and have children of their
  own. All through, maybe you divorce or get
  married again. Your financial circumstance
  significantly changes.
• All these life occasions and many more, require
  changes to your estate plan.

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Estate Lawyers Can Help Sort Out Complex Family
or Financial Situations

• Take a look at your life and your assets to see
  if you fit into one or more of the following
  categories
• You own one or more businesses
• You own real estate in more than one state
• You have a disabled family member
• You have minor children
• You have problem children
• You want to leave some or all of your estate to
  charity
• You recently lost a spouse or other family member
• You have a taxable estate for federal and/or
  state estate tax purposes

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Need an Attorney for Estate Planning? Contact Us

• Address
• 125 N. Executive Drive, Suite 210, 
• Brookfield, WI, 53005
• Website
• http//www.elderlawcenterofwisconsin.com

Phone [phone]
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Fax [phone]
Email info_at_elderlawcenterwi.com
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