Benefits of Hiring an Estate Planning Attorney
Estate planning is an important part of one’s personal and financial health that all too often gets overlooked. Many believe that creating a will that properly disposes of their assets can be a DIY project or ignored altogether.
Navigating the complex legal jargon and landscape of estate planning without the assistance of a professional can often lead to costly mistakes and negative consequences. Here are just a few ways an estate planning attorney can help you:
State and Federal Legal Knowledge
Estate planning laws can vary from state to state. Engaging an estate planning attorney will ensure that your plan complies with the laws and regulations of your state.
Maximize Tax Efficiency
Estate taxes can quickly devastate the value of your estate, leaving your beneficiaries with far less than you intended. An estate planning attorney can incorporate various strategies to maximize tax efficiency. This can reduce the burden of estate taxes and protect your hard-earned assets.
Drafting A Will
An estate planning attorney can help draft your last will and testament. Because they are knowledgeable on all applicable legal requirements, efficiencies are maximized, thereby better protecting your assets.
Drafting Trusts, Health Directives and Powers of Attorney
A trust can provide you with more control over your assets and estate planning needs while you’re still alive. It also allows you to leave assets to your beneficiaries during your lifetime with the exception that they can’t access them until you pass away.
An estate planning attorney can also set up healthcare directives that make clear your healthcare preferences if a medical emergency leaves you incapacitated avoiding a situation wherein your family is forced guess about your medical directives.
Updating Plans After a Major Milestone
Life is constantly changing and so should your estate plan. Major life events such as marriage, divorce, the birth of a child or the acquisition of substantial assets can necessitate updates to your estate plan. An estate planning attorney will keep track of these life changes and help modify your plan as needed.
Choosing the Right Estate Planning Attorney to Represent You
With over 40 years of experience in Southwest Florida, our attorneys know the ins and outs of legal system as it relates to estate planning. As long-standing members of the community, our attorneys are easy to reach, and as a boutique firm, they will make sure your case is their top priority.
Our attorneys are also members of numerous civic and professional boards and associations such as the Collier County Bar Association, Collier County Women’s Bar Association, Florida Justice Association, the Federal Bar Association, the Collier Building Industry Association and Leadership Collier Foundation – just to name a few.
If you’re looking for a trust and estate planning lawyer in Naples, Florida contact Bonaquist|Allen today at 239-276-7127 or by visiting BonaquistAllenLaw.com.