Online guides and do-it-yourself forms may make estate planning seem relatively straightforward, but, in reality, preparing a comprehensive estate plan is quite complex. Without legal assistance, you put yourself at risk for unexpected pitfalls that could cause serious problems for your descendants after you're gone. Stephen S Choi | Attorney at Law, an experienced attorney based in Honolulu, HI, recommends consulting a professional to ensure that every detail has been attended to.

3 Reasons to Consult With an Estate Planning Attorney

1. Shielding Your Descendants From Tax Penalties

The common assumption is that living trusts and other vehicles are only for wealthy families with large assets. But in reality, this isn't the case, and many people find themselves facing substantial tax liabilities on their inheritances. Your estate planning attorney will knowledge needed to thoroughly evaluate your situation and recommend a strategy to protect your beneficiaries from the tax consequences of inheriting your assets.

2. Empowering Your Loved Ones

You might believe that, if you're incapacitated, your spouse would be able to sell your house or manage your finance, or that your business partner would be able to sign new contracts and engage in financial transactions. Unfortunately, without a durable power of attorney, the people you trust won't have the legal authority to act in your name. Your estate planning attorney will review your needs and ensure that only the ones you trust will be empowered to handle your interests.

3. Exercising Power Over Your Health Care

If you're unable to make your own health care decisions, your advanced medical directive allows you to leave instructions detailing everything, from acceptable outcomes to proper treatments, as well as who may be empowered to make decisions on your behalf. Having a lawyer guide you through preparing this important document will ensure that your wishes are respected when you can't speak for yourself.

Stephen S Choi | Attorney at Law has over a decade of experience providing clients throughout the island with advanced, comprehensive estate planning services. Visit his website to learn more about his specialized expertise, or call (808) 286-4248 for a consultation today.