What an Estate Planning Lawyer Can do for You
A lot of people mistakenly believe an estate plan Utah is only for those with millions of dollars in the bank. Everyone, however, has an estate. Of course, some have greater estates than others, but for most adults, they have some sort of estate. Your estate can include money in the bank, items at home, collectibles, vehicles, property, and much more. Planning what happens to these things after you’ve no longer here can be crucial, and you may want to consider an estate planning lawyer. So, what can one of these lawyers do for you?
Create a Will for When You Pass Away
While a Utah estate planner can handle a variety of things on your behalf, one of the more common tasks is helping you to create a last will. A will outlines your last wishes after your death. This could include basic things such as the type of funeral you wish to have, or what happens to your personal possessions and property. It can include monetary gifts to family members, charities, or friends. A planner can help you determine who you want as a beneficiary and what items to list. learn more about Utah estate planner at https://www.estateplanningutah.com/
Wills and estate plans are quite different from one another. Of course, both outlines what you want to happen to your property and estate after you’re gone, but estate plans go further. You can set out who you want to have dealing with your financial matters once you’re no longer able to, even before your death. For instance, if you find yourself incapacitated – medically – and can’t make business or financial decisions, whoever you name in your estate plan will do so on your behalf. An estate plan Utah can be a great option to consider, and estate planning lawyers can help you create a suitable plan. lean more about types of financial decisions by clicking here
Potentially Avoids Lengthy Probate
Probate is often a difficult process as it involves transferring someone’s estate into a beneficiary. Unfortunately, it can also be quite an expensive process and it’s not something most families want to deal with. Fortunately, a Utah estate planner can help deal with the more difficult aspects of this. Estate planners can help with probate, more than you think.
Ensure the Best (or Right) Person Is Handling your Medical Affairs
It can be exceedingly difficult to be sure who to name to look after your medical or financial affairs if you’re incapacitated or die. A planner can help you determine which family member or friend is more suited to the task. Now, an estate plan Utah can vary considerably, and a planner can help ensure someone suitable is selected. Of course, the choice is yours; however, the planner will ensure the candidate is suitable – legally – for the role.
Get the Help You Need for Estate Planning
Estate planners continue to offer a vital service because a plan sets out what happens when the worst happens. You decide who gets what and what responsibilities they take on. It’s important to get these things sorted out so that difficulties don’t arise later. A Utah estate planner can do so much for you and they offer a valuable service.