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Why a person should seek help with estate planning

On Behalf of | May 7, 2019 | Estate Planning

Creating an estate plan online can be an effective way for Georgia residents and others to save money. However, it can also cause problems that may be avoided by creating estate plan documents with the help of a professional. For the most part, online services assume that an individual already knows what he or she wants a plan to look like. In many cases, a person doesn’t know if this is true or not.

This is because individuals may not take the time to consider how family dynamics come into play when creating an estate plan. Furthermore, most people don’t necessarily know how state law could influence their decision to create a trust or how the trust will be structured. In many cases, the only way to know if an estate plan meets a person’s needs is to speak with a professional.

Talking with a professional may help to highlight some key issues that would not have been considered otherwise. It is also good to know that estate plan and tax laws can change over time. This is something that an attorney may be able to help someone take into account when creating an estate plan. Ideally, an individual will interview multiple attorneys who specialize in estate planning before choosing one to work with.

For most people, estate planning is a task that will be undertaken throughout their adult lives. After a will, trust or other document is completed, it will ideally be reviewed at least once a year. While it might be possible to create plan documents without legal counsel or other professional advice, many people may benefit from help making them. This is because even a minor error could result in family strife or other problems for future beneficiaries.