How Can A Utah Estate Planning Attorney Help?

Many people have heard the term  “estate planning,” but they are not entirely sure of what it involves or how estate planning can benefit you and your family. Simply put, an estate plan consists of many different legal documents, including a will, trust, power of attorney, healthcare directive, and more. These documents outline how your property will be managed during your life, how decisions will be made if you become incapacitated, and how your property will be distributed after you pass away. Additionally, an estate plan can name a guardian for your minor children, and designate someone to make decisions on your behalf if you are unable to.

Working with an attorney is critical when drafting your estate plan. There are many do-it-yourself websites today that promote standardized forms, however using these is a mistake. Certain legal documents must meet specific state requirements, and if they are prepared incorrectly, those documents can be deemed invalid, potentially delaying the estate, increasing costs, and reducing the inheritance for your beneficiaries.  An estate planning attorney can ensure your documents are properly executed and that you, your family, and your legacy is  protected.

Protect Your Property

You have worked hard for the money you have earned and the other property you have acquired during your lifetime. Sadly, there are many things that can put your property at risk. For example, if you pass away without beneficiary designations, a trust, or other planning tools, not only will the costs of probate be deducted from your estate, but your heirs may also face higher estate and income taxes that could have been minimized with proper planning. This can reduce the overall inheritance you intended to leave your loved ones.

In addition to this, the cost of long-term nursing care, bankruptcy, divorce, and creditor claims can all financially drain an estate if you do not take the necessary steps to secure the property. An attorney can analyze your goals and financial circumstances so they can prepare the necessary documents to protect your property.

Protect Your Loved Ones

Without creating an estate plan, your loved ones’ lives could be very difficult if something were to happen to you. Your loved ones may be unsure of the type of medical care you want to receive, how you want your property distributed, and more. This can create disputes that not only incur costly court fees but also create a serious rift in the family. An estate planning attorney will ensure that your wishes are clearly outlined so these disputes do not arise.

Protect You 

Your legacy is important. It is natural to be concerned about how your family members will remember you. An estate planning attorney can ensure your plan is properly executed and everything you have worked so hard for, including your legacy, is protected. An attorney can establish trusts, powers of attorney, and other legal tools that will protect your life savings, medical wishes, and more.

Our Estate Planning Attorney in Utah Can Help 

At AGS Law, our Utah estate planning attorney is here to help you and your family. Our experienced attorney can advise you of your legal options and can help you create an estate plan that will give you the peace of mind you need. Call us today at 801-477-6144 or fill out our online form to request a consultation and to get the legal help you need.

Source:

le.utah.gov/xcode/Title75/Chapter7/C75-7-P6_1800010118000101.pdf