Spending your life working towards major goals and building up assets is a great thing to accomplish. The only bad thing about building up assets is that they can't go with you when death occurs. However, the assets can be useful to the ones that you love upon your death. If you want to make sure that your assets will be distributed according to your desires, the best thing for you to do is hire a lawyer so an estate plan can be made. Take a look at this article for answers to questions that you might have about getting an estate plan drafted up by a lawyer.
Why Should a Lawyer Be Hired for an Estate Plan?
The reason you should hire a lawyer when you are ready to put an estate plan in place is because he or she will make sure it is done correctly. For instance, you don't want to go through the trouble of drafting up documents that have no legal value. You can then end up with your estate in the hands of someone that you don't want to have it after your death. A lawyer will not only draft up all of the documents on your behalf, but he or she will also give advice in regards to what should be added to it. He or she will speak with you about your assets, family, and needs to come up with the perfect estate plan.
What Will Be Included in the Estate Plan?
What is included in the estate plan will be entirely up to you. You can opt for a plan that only includes the distribution of your assets if you desire to do so. However, the plan can also include your desires for who will take care of your needs if you become incompetent before death. You can basically appoint a trustee in the plan for handling your financial and medical needs if you are unable to make decisions on your own. You can choose more than one trustee if you desire to do so, such as choosing one for your financial needs, and another for making medical decisions.
How Is an Estate Planned Carried Out?
The beneficiaries of your estate can go to probate court to inherit what you have left to them upon your death. A probate judge will basically make sure the plan is carried out exactly as you wanted it to be. The plan can only be contested if someone suspects that it was changed without your permission.
To learn more, contact an estate planning lawyer like Benson Bonnie M PA.