If you don’t already have a will, you should consider creating one. Nobody plans on dying, but accidents do happen. Without a will that outlines what should happen to your estate in the event of your passing, things will be a lot more complicated for your family and friends.
Unfortunately, putting together a detailed will can be a little complicated, especially if you have a lot of assets and a large estate. It’s therefore a good idea to speak with a good family lawyer when you’re writing your will, as they will be able to help you make sure that you get everything right.
With this in mind, I’ve put together a short list of the most important reasons why you should use a lawyer to create your will. They include:
It Will Give You Peace Of Mind
Hiring a lawyer to help you write your will can help ensure peace of mind for you and your family. If you’re not a confident person, you might experience nagging doubts about the quality and legal standing of a will that you’ve created on your own.
On the other hand, using a lawyer with experience and a detailed knowledge of wills can ensure things are done properly. An experienced lawyer will be able to help you make sure that your will is legally binding and created with the appropriate structure.
A Lawyer Can Help You Gain Tax Advantages
Since most lawyers are familiar with the ins and outs of creating wills, they usually understand how to write a will that’s effective as far as tax goes. If you’re wealthy and have a lot of assets, then this is a very important thing to consider.
For example, a poorly written will can result in a large percentage of your estate being taken as tax upon your passing. On the other hand, a will written by a lawyer who has experience in taxation matters can help reduce these taxes, allowing you to pass on a lot more benefits to your heirs.
Wills Can Be Complicated
Ultimately you won’t really know if you’ve got your will right until you pass away. Do you really want to take a risk that you’ve missed something important or misworded an essential phrase?
Using an experienced lawyer will help ensure that your will is properly written with the correct legal terminology. This will help make sure that it will stand up in court if it’s challenged.
Really, the more complicated your estate is and the more people you plan on passing things on to, the more benefits you will get out of using a lawyer.
All things considered, it’s never going to be a bad idea to consult a lawyer when you’re writing your will. An experienced lawyer with a sound knowledge of wills and estate planning can help make sure that your will is well written, that it’s tax effective, and ultimately, they will give you peace of mind that your affairs are in order.