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It is estimated that over 55% of the adult population in the United States don’t have an active estate plan or will in place. Do you fall into the crowd of people who have not planned for the future? Whether you need to put together an estate plan for the first time, or you think it’s time to update an old will, it is essential that you talk with an attorney for help with the paperwork.
Preparing for the Future
As you are making your plans, you will be facing a variety of decisions that will impact your future. These decisions need to be made with care, to ensure that you are financially prepared for retirement. Also, it is important to consider how the estate will be distributed to the family.
An estate plan allows you to document your desires, to ensure that your plans are followed over the years. This plan can reduce disagreements among family members, which is helpful to maintain the family peace during stressful times. When a person becomes ill or passes away without a plan, it is common for family members to have a conflict regarding the ways the estate should be handled. These issues are easy to avoid with a little bit of planning in advance.
Talking with a Professional
Writing a few notes on a scrap of paper isn’t enough to properly lay out your plans for the future. There are many advantages to talking with a professional. An attorney will be able to offer advice about how the estate should be handled to reduce tax liability and distribute the assets according to your desires. Additionally, you will have the peace of mind to know that the documents are legally binding.
When you hire an attorney to help with your estate plan, you should also consider the benefits of the services from a real estate professional. At Greenwald & Gerke Realtors, we specialize in real estate services that can be catered to match your estate plan. For more information about options that are available for your real estate property, we invite you to contact us right away: (844) 782-9674