Why Hire an Estate Planning Lawyer?

Why Hire an Estate Planning Lawyer?

Malcolm decided it was time. He knew he needed a Will and was thinking about writing it himself. I mean, how hard could it be, right? His friend, Peter, talked to him about why he needed to hire an estate planning lawyer.

Using the Right Asset Protection

Some estates greatly benefit from estate planning strategies that maximize asset protection. This is not an easy thing to do, though. Asset protection can backfire in a big way. For example, if you set up an asset protection trust after someone obtains a judgment against you, it’s very likely you’ll be charged with making a fraudulent transfer.

An experienced estate planning attorney can analyze a client’s situation, listen to their goals, and come up with actionable solutions. Your best buddy can’t provide that kind of assistance. Neither can the hottest new estate planning website.

Hire an Estate Planning Lawyer And Plan for Possibilities

Most people think of a Will when they think of estate planning. Wills are an important part of an estate plan, but there are other documents that affect the testator during his or her lifetime.

Trusts may help provide income for retirement or protect assets from creditors and ex-spouses. A durable power of attorney plans for your possible incapacity. The health care proxy designation looks ahead to a time when you may need someone to speak to medical providers on your behalf.

Hire an estate planning lawyer to help you plan for future possible scenarios.

Leaving a Legacy – Hire an Estate Planning Lawyer

Maybe you want to leave your favorite muscle car to your oldest daughter. Perhaps your alma mater needs money for a new building and you’d like your name on it. Or you just want to leave a little something for your family to remember you by – a legacy.

Estate planning can make that happen. Your Will can contain specific bequests or you can leave an instruction letter for your executor. Transferring property to a trust may also satisfy your goals. For example, charitable remainder trusts allow the trust maker to donate money to a charity while receiving annuity payments for a time.

These methods of leaving a legacy may work or not, depending on your situation. Your estate planning attorney can advise you about the strategies that are best for your estate.

Don’t Take a Chance with Something This Important.

Malcolm decided to find a great estate planning lawyer near him. The attorney he chose was able to offer options he could never have come up with on his own.

Law Offices of John Mangan, PA
Palm City – Stuart, FL

CALL: 1 (772) 218-0480

Do you question the need for attorney guidance with so many online resources? Because laws and regulations are complex, and because every person has a lot at risk, more people than ever are seeking professional guidance from an experienced, knowledgeable source. That helps explain the rapid growth of our firm. Whether you happened upon this website by accident or are one of the many referrals we receive from a nearly 15-year collection of satisfied clients, our staff can provide customized estate planning guidance for you. Call us. Our number: 1 (772) 218-0480

Written by: John Mangan, JD, MBA

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