When growing older and making investments, it is important to consider drafting a will which will leave someone in charge of your property when the inevitable happens. This will ensure that when you die, your property will be divided according to your requirements. Once you are gone, then the person or people stated in the will, will be entrusted to your properties and estates making sure that everything runs well even in your absence. Your last will also ensures that you take care of your loved ones once you are gone leaving them with a secure future. Coming up with a will is not easy and this, therefore, requires the professional help of will and estate lawyers. Some of the services offered by these attorneys are outlined below.
1. Estate Planning – Your estate refers each and everything you own. These include the cars, the house, checking and savings accounts as well as every personal possession. Everyone has an estate they cannot take once they die. Such property will be controlled according to the manner in which the estate be divided to those listed in the will. This will include who receives what as well as how much they receive. The process should be achieved with the lowest amount of paid taxes, court costs as well as legal fees. Will and estate lawyers are responsible for assisting you in getting through all these costs while making plans in advance according to those who will receive the property once you are gone. The will and estate lawyers will advise and assist you in making a will to where the assets will be distributed. They will deal with the tax and accounting issues as well as obtain a clearance certificate once the will is well formulated. When you die, the lawyer will also be responsible for effecting the final distribution of the estate.
2. Assistance in Drafting Up Wills – When it comes to the drafting of last wills and testaments, the lawyers will be responsible for assisting you to come up with a legal declaration on how the property will be distributed. The lawyers are supposed to offer experienced advice to the clients on the steps which are involved in the preparation of an appropriate will. The lawyers are also expected to discuss with you testamentary trusts, superannuation as well as your jointly owned assets. Other responsibilities include advising you on a power of attorney for both business and financial decisions. They will also direct you towards enduring guardians for health as well as lifestyle decisions.
