Adults of all ages often ask the question, “Do I need an estate plan?” From their offices in Kalispell, MT, attorneys with Glacier Law Firm answer the question by explaining the value in hiring an estate planning attorney. The answer may surprise you.
3 Reasons Why You Should Hire an Estate Planning Attorney
1. To Draft Your Will
No one knows when they will pass away, and estate planning attorneys help adults in every stage of life to write their wills, thus allowing them to control and distribute the assets of their estates. Young parents use wills to name guardians and provide financial support for their minor children. Pet owners’ wills include designating pet caretakers and leaving them resources to care for their beloved animals.
2. To Manage Personal Injury Settlements
Estate planning lawyers assist individuals who have received personal injury settlements, judgments, or workers’ compensation awards with managing their assets. These attorneys use various investment strategies and tax shelters to maximize the benefits for their clients.
3. To Create Trusts
Estate planning attorneys create trusts that shelter clients’ assets including real and personal property. The lawyers discuss their clients’ goals and use tools such as revocable living trusts, which owners can control or change until the owners die, and irrevocable trusts, which are permanent and help reduce taxes. Special needs trusts are effective for managing finances for loved ones with long-term care requirements. These special trusts also protect their rights to receive government benefits, such as Medicaid and SSI.
The attorneys at Glacier Law Firm offer skill, experience, and compassion when you bring them your estate matters. From drafting simple wills to creating complex estate plans, you can rely on receiving these lawyers’ sound advice and professional care.
Seek counsel about your estate plan from a seasoned attorney at Glacier Law Firm in Kalispell, MT. Call (406) 552-4343 for your consultation appointment and learn more about their practice online.