It’s often believed that estate planning is meant for the rich, old, and affluent. Anyone who has assets, such as a house, car, savings, investments, and insurance, should consider estate planning, so that their wishes are honored when they are not around. Just because you are opting for estate planning doesn’t mean you don’t have the wish to live, but you are making the smart move of ensuring that your assets end up in the right hands after death. If you are in San Antonio, you can check for law firms like weisingerlawfirm.com that help clients with all things related to estate planning, such as –
- Will and Trust. A will is the basic estate planning document, which will ensure that your objectives are met and your family and loved ones get what they deserve. Many people don’t merely leave a will, but also like to set up a trust, which helps in efficient transfer of assets and properties.
- Probate. Estate planning services are also necessary for probate. This is basically the legal process of confirming a person’s will (if the person doesn’t have a will, probate will address that too), so that assets can be transferred to the beneficiaries. An estate planning lawyer can help in preparing for the process and can also represent in case of a dispute.
- Power of Attorney. In the unfortunate event, where someone becomes ill or incapacitated, they may need someone who can take over on their behalf. That’s where the power of attorney document comes in handy. Your estate plan should ideally have a power of attorney for unforeseen circumstances.
- Guardianship. For guardianship too, an estate planning lawyer is needed. A guardianship basically offers a legal status given to an adult for handling the affairs of someone vulnerable or incapacitated. This may refer to guardianship for minors too.
Besides these aspects, an estate planning service can be really handy for ensuring that you minimize your taxes and expenses. Most lawyers have years of experience in handling estate plans, and they know what it takes to advise a client. Lawyers offering estate planning services usually charge an hourly rate or a flat fee. Make sure that you are aware of the costs, although there is no denying that this is a service you will need.
Check online now to find more on estate planning services and don’t shy away from asking questions when you meet an attorney for the first time.