A general rule to keep in mind as you pass through life is that legal matters require legal representation, and representing yourself is rarely if ever going to be a good idea. Most people are well aware of this and would never pursue a lawsuit or enter a court room without an attorney, yet there are those who feel as though estate planning fits into some other category. The fact of the matter is that it does not, and it is important to recognize the stakes involved when you are planning your legacy.
Your estate is comprised of all the assets you’ve been able to accumulate throughout your life, and if you have inherited property from generations that have come before you your legacy is even more significant. There are those who wouldn’t fight a traffic ticket without an attorney, so why would anyone think that they can “go it alone” when it comes to transferring all of their assets to the people that they love?
The human connection is another factor to consider. When you leave behind a legacy it will be the last act of giving that you are capable of, and your loved ones will never again be able to approach you for financial assistance. Making sure that they are provided for through a well conceived estate plan is truly of tantamount importance, and few if any laypeople just happen to have the legal expertise to construct such a plan.
Tax laws are changing all the time, and the laws that affect senior citizens are also in constant flux. Elder law attorneys have their fingers on the pulse of these matters, and this knowledge is invaluable for anyone who is putting together an estate plan. In the final analysis there’s no doubt that you will feel relieved after walking out of your estate planning attorney’s office after having put the wheels in motion with the benefit of truly expert advice.
Latest posts by Saul Kobrick (see all)
- Durable Power of Attorney and Elder Care Considerations - February 28, 2019
- When Is Probate Not Necessary in New York? - February 26, 2019
- Proposed Regulations Address “Clawback” Issue - February 21, 2019