Do I Need A Lawyer For Estate Planning?
We have all seen advertisements for “do-it-yourself” legal services. With all of the “canned” forms available, it is enough to make one ask the question, “Do I need a lawyer for estate planning?” The short answer is, “Yes, you probably do.” Everyone’s situation is unique and a one-size-fits-all form cannot possibly account for all of the details that an estate planning attorney can help you identify.
At the law office of J. Jeffrey Press, P.A., our attorneys’ decades of combined experience helps individuals and families plan for the future effectively. To find out how we can help you, please call us at 973-323-2654. From our office in Parsippany, we serve clients throughout northern New Jersey.
A Will Is Rarely Enough
When most people think of estate planning, they think of a last will and testament, or a document that essentially says, “I leave such and such to so and so.” While a will can be crudely broken down in this manner, it is typically only one part of a comprehensive estate plan. There are other documents such as trusts, health care directives and other forms that you will want to consider to ensure that your wishes are properly carried out. A lawyer can help you identify your goals and outline what exactly it is that you need to do.
There Are A Number Of Factors To Consider
Estate planning involves so much more than determining who you want to inherit your possessions. Failure to take into account various tax considerations can cost your family significant amounts of money. Furthermore, the law is always changing and it is important to have legal counsel on your side who is up-to-date with the latest federal, state and tax laws.
An Attorney Can Help Ensure That Your Estate Plan Is Kept Up-To-Date
What happens if you leave the bulk of your estate to your spouse and then get divorced many years later? What if you remarry to a person who has children and you live happily ever after? If you fail to update the estate plan that you created yourself, then your ex is still likely to inherit the bulk of your estate. Or you may attempt to update your plan but it will fail to meet the proper legal requirements, leaving your loved ones high and dry.
This is where having an attorney is helpful. We can help ensure that any changes to your estate plan are properly noted and drafted so that your family is not taken by surprise years later when a competing, contradictory estate plan is discovered.
We Can Help You Craft A Comprehensive Estate Plan. Contact Us Today.
An effort to save a small amount of money by doing something yourself can turn into a major expense if it is not done right. Our lawyers can help you create an estate plan that is tailored to fit your unique situation. To schedule a consultation, please call our office or contact us online.