Why You Would Need a Lawyer for Estate Planning
There is a lot of do-it-yourself advice out there about estate planning. But it’s important to remember that estate planning is serious. One small error such as an incorrect word or a signature that is missing can mean the intent of a will or trust is completely changed!
Don’t leave your loved ones with the burden of having to figure out your wishes after you are gone. Ensuring your estate is carefully planned and your wishes concerning life support and other details with the help of a qualified lawyer can provide great comfort to those you leave behind.
Saving Money Could Cost You in the Long Run
Trying to save yourself a few bucks by searching the Internet for forms or buying books to prepare your own estate planning documents might cost your family far more than you saved. Imagine how rude the awakening if your family discovers that your will is not legally valid or your medical power of attorney doesn’t work the way you had planned. Then it will be up to your loved ones to spend money to try and correct your mistakes.
A Complicated Life Can Mean Complicated Estate Planning
If your family life has any of the following complications, it’s likely that planning your estate will be full of complications as well. For instance:
- You have no children—or you have children who might cause problems, or you have minor children
- You have substantial assets
- You own a business
- You own real estate property in more than one state
- Your spouse recently passed away
- You want to leave some or all of your estate to charity
- You were recently divorced, or you are in a second marriage
Any of these situations mean your estate planning will be more complex, and you would be remiss if you did not hire an experienced estate planning attorney. If you don’t, it might be a probate lawyer and your state’s department of revenue—or the IRS—who will get most of your estate, rather than your loved ones.
Call Our Schaumburg Law Firm Today for a Consultation
Are you looking for an estate lawyer in Schaumburg, IL, who can expertly handle your estate planning details? Contact us to schedule a consultation with Robert Kaplan, PC, today.