If you want to ensure that your family’s future is secure, then an estate planning lawyer is a key piece of the puzzle. Estate planning is the process of making decisions and arrangements now to ensure the well-being of your family and dependents after your death.
While many people assume that estate planning is only for the wealthy, the reality is that everyone should make some kind of plan. Whether you’re a millionaire or just have a few assets to your name, an estate planning lawyer can help you make sure your wishes are respected, and your family’s future is secure.
But how exactly can an estate planning lawyer help? Well, here are just a few of the ways they can support your family:
Why It’s Worth Hiring a Lawyer for Your Estate Planning
Benefit #1: Help You Prepare Wills
Having a lawyer who understands the complexities of the law can help you prepare a will that is legally binding and protects your wishes. A lawyer can also help you to understand the different types of wills, including living wills and testamentary trusts, and guide you in making the best decision for your estate plan.
Benefit #2: Ensure Your Documents are Up-to-Date
When it comes to estate planning, one of the most important benefits of hiring a lawyer is that they can ensure your documents are up-to-date. Estate planning is a complex process that requires a lot of legal knowledge and understanding of the law.
Working with a lawyer can help you ensure that your documents are in line with the current regulations, and some of the crucial documents we’re talking about include your marriage certificate, death of a spouse, divorce papers, death of a beneficiary, retirement plans, significant investments, and more.
A lawyer can also help you understand how changes in the law can impact your estate planning. For example, if you are setting up a trust, a lawyer can help you see how recent changes to the tax code might affect the trust’s terms and conditions. Not to mention, a lawyer can protect your assets and ensure they are distributed according to your wishes, no matter how many years have passed.
Benefit #3: Ensure Legal Compliance
One of the main advantages of hiring a lawyer for your estate planning is that they can help you to ensure legal compliance. Trust and probate laws can be complex and vary from province to province, so it’s important to have a professional on your side to make sure that your documents are properly drafted and that all applicable laws are being followed.
A lawyer can also help to ensure that your estate plan is up to date with any changes in the law, so that you can rest assured that your wishes will be honored.
The Bottom Line: Never Skimp Out on Working with a Lawyer for Your Estate Planning
Estate planning is an important part of ensuring that your wishes are carried out in the event of your death. It’s also an important part of protecting your assets and ensuring that your loved ones are taken care of.
While it’s possible to create your own estate plan without help from a lawyer, it’s not recommended. Working with a lawyer for your estate planning is essential to ensure that your estate plan is legally sound and effective.
At Pathfinder Law, we understand how important it is to have a knowledgeable and experienced estate lawyer on your side. Our estate lawyers in Abbotsford have extensive experience in all areas of estate law, and are committed to providing you with the highest quality legal services.
We take the time to get to know our clients and understand their unique needs and goals, so that we can provide them with the best possible advice and guidance. Contact us today!