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Creating an Estate Plan

In an age of do-it-yourself legal services, it can be tempting to try and handle common legal matters ourselves, especially in a recession. When it comes to wills and probate issues, this can be a big mistake. After all, the cheapest option isn't always best. Would you want to jump out of a plane with a discount parachute?

Probating A Will

probating-a-willWills and probate attorneys focus on issues associated with wills, disputes and the process of distributing a deceased person's property. This process is generally known as probate or "probating a will".

The Probate Process

The probate process is much more complicated than you might think. It definitely involves more than simply writing down what you want to leave to whom. There is a host of legal and tax issues that need to be addressed by a licensed professional familiar will the wills law in your state. At minimum, this can ensure your will is legal. Ideally, the will lawyer's interaction can help make sure your wishes are fulfilled to the fullest extent allowed by the laws of your state. At the very least, an estate planning attorney can save your family from some unpleasant surprises after you are gone.

You owe it to your loved ones to hire a professional to help navigate the ins and outs of will and probate issues. The time to prepare is now. Seize the day; tomorrow may be too late.

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Each year new rules by the Internel Revenue Service that can affect how you plan your estate.

In this free printable article you'll learn how inflation adjustments and exemtions will change your estate, gift and trust taxes as well as the generation-skipping transfer tax. Click HERE to be directed to the download. 

If you need more advice on Estate Planning, let our experienced attorneys at Ferguson, Rawls, and Raines guide you in the right direction. Contact Us Today!


Topics: Estate Planning


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