Some individuals make the big mistake of not working with an Estate Planning Lawyer Fall River MA, which means that they don’t know how much more control over what happens to their estates they can have by working with a lawyer. They don’t realize just how ugly things can get when they die. Who wants the government deciding what happens to their estate? Who wants relatives that haven’t been in a person’s life deciding matters or staking claims to things that are meant for loved ones? There is also the matter of avoiding probate. When estates have to go through probate, it can be costly and take up too much time.
Usually, people want specifics when things like wills and estate planning are discussed. They want to know the specific benefits tied to working with an Estate Planning Lawyer Fall River MA. Well, if a person has minor children, they have to think about what will happen to their children if they are no longer around to care for them. If they can’t care for them, who will? If there is a sizable amount of money for the children to inherit, who will be trusted with it? Trusting the wrong person can lead to the money being squandered. Certain protections must be put into place, and a lawyer can help set up those protections.
People just don’t visit the Law Offices of Tara M. George, PC or other lawyers because they have minor children. Those who don’t have children or who have adult children also can use estate planning. What about those who like to keep family matters out of the public record? People who value their privacy can use estate planning to eliminate the need for probate. When things go through probate, a public record is created that anyone can view. Lawyers can help draw up trusts and other things that can help people transfer assets without probate. Some people just want to avoid the fees that are tied to probate.
Sitting down with a lawyer and doing estate planning is just a wise thing to do. It’s also wise for a person to update their estate plan as things in their life change. Using the same lawyer for changes just makes things easier in most cases.