Estate planning plays an essential role in being prepared for the inevitable. While there are numerous reasons why creating a solid estate plan is extremely important, the following points are perhaps the most crucial. That’s why the skilled team of lawyers at Davidson Hopkins & Alexander in Jefferson, GA, helps clients take the necessary steps to protect their families and assets.

Below, their team explains the importance of this legal process: 

• Implement Safeguards for Minors: Naming guardians for minor children is one of the most important tasks of estate planning. While it may be unpleasant to think about, should parents pass away and leave small kids behind, protections must be put into place to ensure the children are cared for. If guardians are not named, the court will be forced to make a determination, and this may have tragic results for all involved.
• Reduce the Tax Burden on Heirs: Another important role an estate plan plays is reducing tax burdens for heirs. The larger the estate is, the larger the amount of money that will need to be put aside to pay necessary taxes, which can be quite a burden on heirs. Fortunately, estate plans can be structured in such a way that greatly reduces the amount of taxes owed.
• Ensure the Correct Beneficiaries Are Designated: Estate plans also ensure the beneficiaries named are correct. In absence of a legally binding estate plan, the courts will step in to divvy up property and assets. This can be detrimental to the entire family, especially if the court goes against your final wishes.

If you need the assistance of a skilled estate planning attorney in Jefferson, the firm of Davidson Hopkins & Alexander is here to help. Get answers to your specific legal queries by calling (706) 367-5264 and scheduling a consultation. For more information on the services they offer, visit them online today.