While lawyers and judges are the ultimate legal experts, of course, I believe that every citizen should take the time to learn a little about law for several reasons. First, it is important to know your rights, and knowing them can come in handy if anyone ever accuses you of a crime you didn't commit or threatens you legally in another other way. Second, learning about your local, state, and federal laws can help you act as a better citizen. When election time comes around, you can then truly understand ever change in law being proposed by a candidate and whether it benefits society or not. I plan to share posts about law topics explained in plain English on my new blog, so you can come back often to sharpen your legal knowledge!
Many factors can complicate an estate litigation process. Some of them include unclear wishes, disagreements among beneficiaries about how assets should be distributed, and a lack of representation. You need a lawyer to help you navigate through all these complexities and ensure your interests are represented. Here are three reasons to hire an estate litigation lawyer.
They'll Reduce Your Estate Tax Liability
Every state has tax requirements that should be met to avoid penalties. If you own a business or have an estate that is subject to state tax, it may be vital for you to hire an estate litigation lawyer. An experienced litigator will ensure that all the necessary documentation has been filed in time to reduce your chances for penalties. They understand tax laws that affect how much money will be left after everything has been settled. They'll work with accountants to make sure all applicable taxes have been paid so that nothing catches you by surprise. Moreover, they'll determine the best way for your estate planning needs, allowing you to set up the estate in a way that reduces your tax liability.
They'll Protect Your Assets
At some point, every person must leave their material possessions behind and move on to the next phase of life. This may be due to retirement or sudden illness or death. When this happens, an estate litigation attorney will ensure that all documents are filed properly to enable your wishes to be carried out with ease. They'll also use their knowledge and experience when drafting documents such as wills, living trusts, healthcare directives, and power-of-attorney to ensure they comply with state laws. Working with them will help you avoid a lot of stress and frustration that comes with trying to settle things on your own after a loved one's passing.
A lawyer can also bring in an outside perspective before making final decisions related to your estate. You need this perspective to ensure that any decision you make is in the best interest of you and your family.
They'll Prepare Your Property Documentation According to Your State's Laws
Property documents are a crucial part of estate planning. You need to ensure that everything has been well documented to prevent other people from taking advantage of your loved ones when you pass away. The best way to protect yourself is by preparing and keeping documentation intact at a local office or bank safe deposit box. An estate litigation lawyer will document your assets properly and protect them.
Estate litigation is a complex and sensitive issue that requires professional handling. If you need help, speak with an estate litigation lawyer.