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Online estate planning tools and do-it-yourself books often make writing a will seem like a relatively exercise, but inheritance and finance laws are incredibly complex. According to the Michael A. Newland Law Office in Hamilton, OH, a self-prepared will does make your final wishes legally enforceable, but only a skilled estate planning attorney can ensure that your instructions include every aspect of your estate while helping your descendants avoid some unfortunate consequences of receiving an inheritance.

Valuable Assets

willSome aspects of your estate, such as stocks or valuable artwork, may be obvious, but some others are frequently forgotten. For instance, who will receive your car or belongings that may have emotional significance for your family members? Any property not included in your will gets distributed according to the laws of your state, regardless of the relationships you shared in life. By asking a variety of questions, your estate planning attorney will help you focus your thoughts, prepare in advance, and make sure your will covers everything of importance.

Strategies for Avoiding Fees & Taxes

While a will is an appropriate estate planning vehicle for most situations, some families stand to benefit from establishing a living trust, which allows you to pass down property without going through the probate process. Depending on the value of your estate and the type of property you plan to pass down, a trust may have significant tax advantages that can dramatically increase the tax exemptions your beneficiaries enjoy. Without an attorney, you may miss these opportunities to save your loved ones significant time and money.

For over years, the Michael A. Newland Law Office has guided clients through the will preparation process, offering personalized solutions tailored to the needs of each individual family. Visit their website to learn more, or call (513) 887-9595 to schedule a consultation today.

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