The Internet offers a wealth of information that has led many people to believe they no longer need professional help to complete certain tasks. However, when it comes to estate planning, taking the do-it-yourself approach can be expensive and cause serious problems for your loved ones. Getting your affairs in order is a complex process full of important decisions. As such, it’s in your best interest to seek legal guidance when putting an estate plan together. Here are a few reasons to retain counsel when preparing for the future.

Why You Should Hire a Lawyer for Estate Planning 

1. They Know the Law

Estate planning is a complicated area of law. The various regulations govern areas such as the contents of a will, how a trust is formed, and the validation of estate documents. If the estate plan isn’t done according to the proper legal procedures, it could be deemed invalid upon your death. A lawyer has extensive knowledge of the law and can ensure your documents stand up in court.

2. They Will Ensure You Have a Comprehensive Estate Plan

A good estate plan contains many different components, such as a will, trust, power of attorney, and medical directive. Not only should it include instructions for the distribution of your assets, but it should also name a guardian for your minor children, appoint someone to act on your behalf in the event of incapacitation, and designate your beneficiaries. Your lawyer will help decide which documents are most suitable for your situation. 

3. They Can Help Minimize Estate Taxes

Failing to consider taxes during the estate planning process can result in unintended consequences for your beneficiaries. Unless you plan ahead, a large portion of the inheritance you leave behind could end up being used to pay for estate taxes instead of going to your loved ones. A lawyer has tools and strategies to reduce or eliminate these taxes.

A well-crafted estate plan created with the assistance of a lawyer is a sound investment in your future. If you are ready to start the estate planning process, contact Vernau Law. Backed by more than 25 years of experience, they have helped numerous residents throughout Licking County, OH, document their final wishes. To schedule a consultation, call (740) 587-2637.