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What is Estate Planning

Estate planning law involves the drafting of wills, trusts, powers of attorney, and general estate management documents. Since everyone dies, often with a house or other possessions, estate planning is in everyone’s best interest. Some estate-related procedures are simple enough to be done without a lawyer. Generally, though, your estate planning is best handled by an experienced wills and trusts attorney, who can tailor your plan to your particular needs.

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Do I need a Wills and Trusts Lawyer

Many people wonder as they consider planning the end of their life whether it is necessary to hire a wills and trusts lawyer.

If you are trying to figure out if can take care of this on your own without the help of a lawyer, you need to make sure you’re making an informed decision. Take some time to research to help you decide whether to draft your own estate planning documents or engage an estate planning lawyer. You may not need a lawyer, and may be able to create your own simple will, if you:

  • have a fairly simple family situation, e.g. without kids from a prior marriage;
  • do not own any real estate; and
  • will not have other significant assets to be distributed at your death.

In virtually all other cases, and particularly in complex situations, you should reply on an estate panning attorney. They will ensure your estate plan accomplishes your goals, is accurate, and is enforceable. If you have a blended family, own a home, have significant retirement savings, have a small business, etc. it is a very good to work through the process with estate planning counsel.

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