If you believe estate planning is something you can do on a do-it-yourself basis, you might want to think again. An increasing number of people want to avoid paying for the services of an attorney for this type of law. What they don't realize is that estate planning is a complex business. Keep reading to discover three compelling reasons why it is necessary to hire an attorney for estate planning.
Specific State Laws
Every state has its own laws when it comes to determining who can and can't be in a trust, will, medical power of attorney, or financial power of attorney. There are also differences between the formalities that need to be observed when signing an estate planning document. You can also browse http://speedwelllaw.com/alexandria-estate-planning-attorney/ to get more info about estate planning.
As we mentioned above, estate planning is a complex business, and if you own a business, are in your second marriage, have no children or children who are still minors, want to leave money to charity, or have real estate in another state, you will need the advice of an estate planning attorney.
This is an old Latin saying that means buyer beware. The evolution of the Internet has led to a plethora of legal documents easily available online. This may make legal representation appear unnecessary. The trouble is that you can fill in your online forms quite happily, only to discover that part or all of your trust will, financial power of attorney, or medical power of attorney is either invalid or doesn't work as you expected.