Estate planning is without a doubt the best way to make sure that in the event of your death, your hard-earned assets go to those you love and care about. With the help of an experienced Austin estate planning lawyer, you can make sure that your assets are managed, divided, and distributed exactly the way you want without any legal hassles. Here are four proven ways an Austin estate planning attorney can help you prepare for the future.
1. They Can Make Sure Your Estate Plan is in Compliance With State Laws
Your estate plan will be considered valid only if it is in compliance with the state’s laws. Depending on the value of your estate, the type of assets you own, and who you want to leave your assets to, there might be several guidelines to be followed and criteria to be met. Otherwise, your estate plan might not hold up in court.
Only an experienced Austin estate planning lawyer can create an estate plan which not only takes all your considerations into account, but is also in compliance with all the relevant state and federal laws.
2. They Can Update Your Estate Plan as And When Needed
An estate plan is not a static, one-and-done document. It needs to be reviewed, revised, and updated as and when needed. For instance, a major life event like divorce, a second marriage, or adopting a child can change your financial needs and your plans for the future.
In such a scenario, it is important to consult your Austin estate planning lawyer and make sure your estate plan is updated as per your goals and wishes. Moreover, power of attorney laws, living wills laws, and euthanasia laws tend to change from time to time. If and when it happens, you need to consult your attorney and make sure your estate plan is updated accordingly.
3. They Can Make Sure Your Estate Plan Accurately Reflects Your Wishes
An estate plan – just like any other legal document – contains a lot of legalese, which you might not fully understand. This is why it is generally not advisable to take a do-it-yourself approach in these issues, as you can never be sure whether the documents truly reflect your goals and wishes. Only a knowledgeable Austin estate planning lawyer can create an estate plan which is clear, precise, and accurately reflects all your wishes.
4. They Can Give You Their Objective Opinion
While creating an estate plan, you cannot ask your family members or dependents for a second opinion, as their judgment might be clouded by the fact that they stand to benefit from your estate plan. Your Austin estate planning attorney, on the other hand, can assess the situation objectively and give you their honest opinion, which can help you make the right decisions.
Need an Experienced Austin Estate Planning Lawyer?
If you are looking to create an estate plan to manage and protect your assets, attorney Eric M. Willie P.C. can help you. Well versed in Texas’ estate planning laws, Eric M. Willie P.C. has helped a large number of clients in Austin, TX over the years with their estate plans.
If you are thinking of creating an estate plan or if you want to review and update your existing plan, call us today at 512-478-0834 or contact us online. We can schedule your free and confidential consultation with top-rated Austin estate planning lawyer Eric M. Willie P.C.