The Primary Reasons to Use Professional Estate Planning Services

Regardless of the size of your estate, you need to take measures to protect it once you are gone. You must ensure that any money and assets that you have are divided up according to your wishes and that your wealth benefits your intended heirs.

Rather than leaving your assets and wealth to chance, you can hire legal counsel that can get your wishes for them in writing. You can benefit from using professional estate planning services to safeguard and direct the distribution of your estate.

Providing for the Care of Minor Dependents

If you were to die while your dependents are still minors, you could risk losing money that should go to them to probate court proceedings. The judge assigned to settle your estate could give away assets and wealth that your minor dependents need to survive.

When you use estate planning services, however, you can set aside money and assets just for them. Your estate planning lawyer may help you set up and fund a trust, for example, to which your minor dependents will have access if you were to die before they reach adulthood. You ensure that funds that you want to leave for them do not end up in probate court.

Settling Family Disputes

Your estate planning lawyer can also help you resolve any family disputes about whom gets what when you die. Your family might already be bickering about what assets to claim or what family members should receive the bulk of your cash. Rather than allow them to bicker about matters over which they should have no control, you can hire an estate planning lawyer to clear up any disputes.

You can put in writing with this lawyer what your wishes are for your estate. You can stipulate what money gets donated to charity, for example, and what amounts that your loved ones will receive. You can also dole out assets to your intended heirs and prevent anyone in the family from arguing with others about what assets that they want or should or should not have.

Finally, estate planning can resolve any taxes that you may owe after you die. You can leave money aside in your estate to pay taxes on inheritances that your loved ones receive. 

Estate planning puts your directives into writing for when you die. It prevents fighting in the family, provides for minor children, and resolves any taxes that you may owe. To learn more, contact an estate planning lawyer.