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Estate planning is one of those aspects of life that everyone knows they need to take care of but most people want to avoid. According to reports from CNBC, only 33% of adults in the U.S. have created estate planning documents. If you’re at a loss for how to get started with estate planning, it can be helpful to connect with an estate planning lawyer. Here are three key questions you should ask a lawyer about estate planning.
One of the reasons why many people want to avoid estate planning is because of how confusing it can be. There are many aspects of estate planning, but not all of them apply to everyone. Each person is in a different financial and personal situation, which means they need their own customized estate plan. What works for one person won’t work for another.
Estate planning isn’t just for wealthy people; it’s for everyone. This is why you need to talk with a lawyer. A lawyer will be able to evaluate the details of your particular situation and finances and offer you solid professional advice on which estate planning steps you need to take.
Another reason that people often avoid estate planning is because they're uncomfortable discussing these details with their family. A lawyer can help you carefully select who needs to be involved and help you determine who can be left out of the planning process. This can help to take some of the worry and anxiety off your mind during this process.
Often, when people hear the term estate planning, they think only of financial issues and decisions. The truth is, there are several non-financial details of your life that need to be dealt with during estate planning as well. These details, though, will be based on your personal details. For instance, families with children would need to make different plans than families without children. You should consult with an estate planning lawyer to better understand all of these details.
These are just a few of the important questions you should consider asking a lawyer about estate planning. If you’re looking for a qualified legal professional to help you navigate this topic, please contact our team at Brehmer Law LLC today. We're here to help.
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