Do You Need An Attorney For Estate Planning?

 

Do You Need An Attorney For Estate Planning?

What Does a Lawyer for Estate Planning Do?

To make sure your estate plan reflects your intentions, they can examine your situation and assist you in creating or updating it.

  • Last will and testament: In a last will and testament, you can specify how you want your affairs to be handled when you pass away.
  • A living will, a sort of advance directive, outlines your wishes for care in the event that you become too ill to express them and your preferences for a burial service. Depending on the state, the document may have a different name.
  • Trust: A lot of people set up living trusts and transfer their assets to them. The assets of the trust fund can be managed by a trustee on behalf of the beneficiaries, and they can be transferred without going through probate, the sometimes expensive and drawn-out legal procedure for distributing an estate’s assets when a person passes away.
  • Selecting beneficiaries: You can designate beneficiaries for the account’s funds with some accounts, including bank and investment accounts. The money can then be distributed to the recipients without going through probate or being put into a trust. You should think carefully about who you choose as the beneficiaries of your life insurance plans.
  • Power of attorney: Allow you to choose someone who can make financial or medical choices on your behalf (they don’t have to be the same persons). If the power remains on while you’re unconscious, these are “durable.”

Estate Law Attorney Free Consultation

If you have any questions or in need a Estate Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.

Location: Millcreek, UT, USA

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