Estate Planning Isn’t All About Lawyers

Whether you are a young adult under the age of 18 or a senior over the age of 65, you must establish a successful estate plan that protects and offers financial security to your loved ones. So, who should be deemed the greatest potential team of experts for putting together such a beneficial plan? Check Chapel Hill Wills and Trusts Attorney.

Make no mistake: there are books and software programmes available that contain pre-written legal documents that you can purchase and utilise. However, keep in mind that federal regulations on estate planning are subject to change, and state laws vary. An obsolete form or one that contains erroneous legal terms might effectively nullify or, at the very least, prolong the probate of what you believed was a watertight estate plan.

Don’t get me wrong: I admire the do-it-yourselfer to the core. However, when it comes to estate planning and other complicated legal matters, I’d be the first to advocate that you seek the guidance of educated specialists. Here are some fields of competence you should examine in order to create a complete estate planning team, with a professionalism requirement in mind:

ACCOUNTANT – Your state and federal tax returns are one of the most personal financial records you complete each year. If you hire a tax adviser, no one knows your financial condition better than these accountants. The accountant is the one who completes the check and balance sheets if you operate a firm. So, of course, enlist the help of your accountant in obtaining the facts needed to put together a solid estate plan with no gaps.

ATTORNEY – Attorneys, like many other professions, have specialised disciplines and levels of expertise. As a result, you won’t need a criminal lawyer, a patent attorney, a bankruptcy attorney, or a medical malpractice counsel to put together your estate plan. A excellent estate planning lawyer is usually found in the Family Practice area of practise. These lawyers are skilled at drafting wills and preparing the many trusts that are accessible to you if you decide that one is necessary.