3 Reasons an Estate Planning Attorney's Services are Essential
Even if you have modest assets, estate planning involves more than a will describing the intended distribution of your property upon your death. A comprehensive plan will ensure family members who rely on you for material support will be cared for and people you trust will be empowered to act on your behalf. Because these matters affect some of the most important aspects of life, it's essential to consult an attorney who has estate planning experience.
3 Reasons to Hire an Estate Planning Attorney
1. Minimize Tax Burdens for Your Beneficiaries
Tax law offers considerable advantages — in the form of exemptions or credits — for family members who inherit specific types of property. An attorney with a thorough understanding of the legal system will develop a strategy to significantly reduce the tax exposure of those to whom you leave your assets, potentially saving them thousands of dollars in unexpected fees.
2. Craft Durable Powers of Attorney
A power of attorney grants legal authority for an individual you select to act on your behalf in business, financial, and health care matters. In some cases, you might have separate powers of attorney that let your spouse make medical choices and business partners make decisions for your company if you're physically or mentally incapacitated.
3. Ensure Your Wishes Are Respected
Distributing assets after a death often is a challenge, especially if you have children or grandchildren from a previous marriage. An estate planning attorney will ensure your will eliminates ambiguity and avoids potential conflicts.
From their offices in Reedsburg and Sauk City, the attorneys at LaRowe Gerlach Taggart LLP Attorneys At Law have been providing high-quality legal representation to southern Wisconsin residents for over 35 years. Visit their website for more information about their estate planning and probate services and check their Facebook page for more legal tips. To schedule a consultation, call (608) 524-8231 for their Reedsburg law office or (608) 643-3391 for their Sauk City location.
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