Estate planning may seem like something that only multi-millionaires should have to worry about. However, it is important for everyone. Many people believe that making a will is all that is necessary in terms of estate planning. However, simply making a will is not enough. Estate planning looks at every aspect of your life, business and assets and most importantly, looks at the future consequences of actions planned today.
With the advent of the internet, there are many sites that claim to have all the right forms and instructions on how to ‘do-it-yourself’ when it comes to estate planning. However, the laws vary from state to state and there are many contingencies that individuals need to be aware of and make sure that they plan for future changes as well.
It is very difficult for a lay person to try and ‘do it yourself’ without the legal knowledge and experience of an experienced lawyer. A carefully constructed estate plan should be viewed as an investment in the future. If it is not done correctly, there can be negative tax ramifications as well as fractured family relationships. There is also the possibility that certain documents are not executed properly and when the time comes they may not be valid.
It is particularly important to get a professional involved when it comes to the guardianship of minor children or when planning for a special needs child. Everything needs to be spelled out and there can be no question as to what was the intent of the parents.
Our specialists at Lanza Law Firm will sit down with you and educate you on the various choices available and then work with you to lay out an estate plan that is tailored specifically for you and your family. We help you carefully craft an estate plan that will take into consideration all aspects of estate planning.
At Lanza Law Firm we help you consider all aspects of estate planning so that you can create a legacy for the next generation of your family.