At some point, it’s important to give thought to the preparation of a last will and testament. When there is the desire to establish trust funds for children or other loved ones, there is the necessity of including those arrangements in the planning of that will. Rather than trying to manage the process without help, it makes a lot of sense to work with a wills and trust attorney in Jenison MI. Doing so is important for three specific reasons.
The Attorney Can Ensure the Text Accurately Reflects the Intent and Wishes
Many people know what they want done with their assets after they pass away. The hard part is knowing how to prepare a document that accurately conveys those wishes. The text of the will and the structure of a trust must leave no room for doubt as to the party’s desires. Attorneys who are used to dealing with legal documents will know exactly what words to use so that no one will be able to question the way that the assets are distributed.
The Document Will Meet All Current Statutory Requirements
Another reason to seek out a competent wills and trust attorney in Jenison MI is that most people simply do not know or understand all the laws that have to do with leaving assets to loved ones. By contrast, the attorney will be able to easily recognize any possible issues that have to do with passing on one type of asset or another. This provides the opportunity to achieve the desired outcome and still draft a document that is in full compliance with all current laws.
Attorneys Know How to Help Minimize the Tax Burden for Recipients
As part of their work, attorneys must understand current laws regarding the taxes of inherited assets. This is important, since that knowledge makes it possible for those attorneys to suggest perfectly legal means of arranging an estate so that the beneficiaries realize more of the value of those assets. In short, an attorney will know what can be done to reduce the amount of taxes that those beneficiaries have to pay on their inheritances. Without someone on hand who understands those tax laws, it would be very easy to end up paying in much more than is necessary.
Choosing to prepare a last will and testament is a smart move. Using a qualified attorney to manage the process is an even smarter approach.
