It is not pleasant to plan for your own death. However, making financial arrangements now can ensure that your wishes are carried out after you are gone. It can also save your loved ones from the grief, expense, and tension of litigating a disputed estate. A Canton estate planning lawyer can help you put plans in place to give you and your family peace of mind for years to come. Learn how estate planning services can work for you.
By executing a trust, will, or other legal tools, you will ensure that your wishes are carried out after you are no longer able to enforce them. These documents have the force of law and will be enforced by the probate court (if they are executed properly). This gives you control over your own property and finances, even after you are gone.
It is also important to consider the effect of a long, disputed probate process upon your family. Litigation is expensive. It is also emotional and often forces family members to take sides against one another. Many families have been broken apart by nasty probate disputes. Some never speak to each other again. This, too, can be avoided by executing probate instructions that will clearly dictate what should be done with your property.
There are many inexpensive templates for wills, trusts, and other estate planning documents for sale online. It might be tempting to save costs by purchasing simple fill-in-the-blanks documents instead of hiring an estate planning attorney. But there are often hidden costs of using these products.
First, a form that is not filled out correctly may not have any legal effect at all. Courts cannot enforce documents that do not meet state requirements for witnesses, notarized signatures, and other formalities. Secondly, a fill-in-the-blanks form is not tailored to your particular circumstances. There are many complicated situations that must be addressed properly in estate planning documents. Some common examples include:
Simple templates cannot provide the level of detail needed to properly address these complicated situations.
Finally, it is important to consider the quality of these templates. Forbes reported on one website that had the same document labeled with three different names. There were typos on the website, and one estate package was missing a key document that most users would not know to ask about. It is always better to have a lawyer tailor your documents to ensure accuracy and effectiveness.
At Niekamp Weisensell Mutersbaugh & Mastrantonio, LLP, our experienced Canton estate planning lawyers have helped many Ohioans plan for the future. Estate planning can save significant time and money in the probate process. It can also ensure that your wishes are carried out. Contact us to schedule a consultation. We help families plan for the future to avoid the time, expense, and bitterness of probate litigation.
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