Do you need an attorney to review your estate plan?
Like many people, you may believe that estate planning is as simple as writing a will and calling it a day. Yet, the process is rarely so straightforward, and you may have a lingering feeling that your plan could be more comprehensive. You may also wonder whether your estate plan is enforceable, or whether it has issues that could invalidate it. To address these concerns, you will want an estate planning attorney to review it.
Estate planning attorneys know how to spot mistakes
You may consider yourself thorough and think that you have a good eye for detail. Yet, it is possible you made mistakes when drafting your estate plan that could cause it to become invalid. As a precaution, you will want your estate planning attorney to review it for you to make sure it is enforceable in Mississippi. With their extra set of eyes, you may catch a missed signature or improper wording that could invalidate an otherwise sound plan.
Estate planning attorneys know what documents you need
An attorney can help you make sure your estate plan is thorough. While you may think that having a will is enough, your attorney can help you understand what other documents and vehicles will help you get your affairs order. In the event you become incapacitated, you will need to have powers of attorney drafted so an agent – likely a close family member – can make financial and healthcare decisions for you. And if you have a sizable estate, you may want to establish a trust to keep certain assets out of probate. If you have not made these considerations yet, your attorney can walk you through them and help you put them in place.
Estate planning attorneys will account for your circumstances
If your personal circumstances are complex, you may need an estate planning attorney to help you make sure your assets end up in the right hands. For instance, you may have divorced and remarried. Or, one of your beneficiaries may struggle with addiction or financial issues. While you might have accounted for these factors – or others – in part, it is possible you might have glossed over them. An attorney, then, can help catch any loopholes that could cause your assets to pass to someone who is no longer part of your life or who should not receive their share of them all at once.
Estate planning is a challenging process and going through it alone could have unintended consequences. By seeking the guidance of an attorney, you can make sure your plan is comprehensive, enforceable and reflects your wishes.