Estate planning is a legal service that helps people finalize their end-of-life plans. Hiring an estate lawyer to assist with the details of how one’s estate should be handled after death makes it easier for heirs to move on without being muddled down by financial details.
Some people try to handle their estate planning themselves without legal guidance. This is not advisable because something will inevitably get overlooked. Below are 4 things an estate administration lawyer in Buffalo Grove does for their clients.
Customize the Will
Using a mass-produced, computer-generated template isn’t the best way for people to create a will. No two wills are alike, no matter how simple one’s end-of-life financial plans are.
Avoid Estate and Probate Taxes
Estate planning lawyers set up wills every day. They know how to create a will that avoids putting family members through the grueling probate process.
Decide between Will or Trust
Some situations require a simple will. Other financial situations are handled better setting up trusts. An estate lawyer knows the right financial tool for all situations.
Updating the Will
The biggest mistake people make is not updating their wills as their lives change. An estate lawyer checks in regularly and reminds their clients to reconsider the contents of their will periodically.
Residents of Buffalo Grove need professional and legal estate planning services to ensure their final wishes are carried out. To learn more about hiring an estate administration lawyer, contact Orlowsky & Wilson Ltd.
