Estate tax reduction legislation in December 2010 increased the value of assets that can be vacated from estate taxes to $5 million per year, adjusted for inflation. As a result, more and more people want to avoid paying an attorney for this entitlement type. All it takes is one wrong touch or word to change the entire contents of a will or trust. Read on for three compelling reasons why hiring an attorney for an estate plan is essential.

Special State Legislation

Additionally, there are loopholes in documents that must be discovered when filing an estate planning document. For example, some states require the personal representative to be related by marriage or blood or state residents. If the above criteria are not met, the person cannot be appointed as a personal representative.

Caveat Emptor

The development of the Internet has made a large number of legal documents available online. This can create a legal representation that seems unnecessary. When this happens, your family may want to pay thousands of dollars to correct the mistake and will end up hiring an estate planning attorney in almost every circumstance.

Complexity

As we mentioned above, estate planning is a complicated matter, and if you have a business, are in the next marriage, have no children or have minor children, want to generate money for charity, or have a property in another country, you will need the assistance of an estate planning attorney. In truth, there are dozens of unique situations not summarized here where things can get complicated quickly.

If you don’t decide to hire an estate planning attorney to save money, your family will likely end up spending 3-5 times as much. To make things easier on your loved ones and alleviate some of the stress you will experience, contact a trusted estate attorney today.