You already have a last will and testament drafted. All your affairs are in order, because you have spoken to your spouse and children about your decisions and your desires. That’s all you need to do if you’re in Gilberts, right?
Unless you have very few assets and a simple set of beneficiaries, nothing could be farther from the truth. Drafting a will is only the beginning. While most general practice attorneys can help you with preparing and updating your will, only a few are real estate attorneys who specialize in estate planning. Especially if you have more than one property, want to avoid dealing with estate taxes and need to learn how, or want to ensure your beneficiaries do not inherit any debts associated with your properties or other assets, then you need an attorney who specializes in estate planning.
Some real estate attorneys do specialize in estate planning because it is important for people in Gilberts to understand all aspects of planning including planning for living trusts, and planning in ways that minimize the tax burden passed on to your children and other beneficiaries. It is also important to keep in mind that a real estate attorney in Gilberts who specializes in estate planning can also go over with you the importance of specifying for a legal guardian or person with power of attorney should some accident or illness happen and you lose the capacity to make the sound judgments that are legally valid. Planning your estate will be a lot less painful and a lot more secure when you use a real estate attorney who you can trust and confide in, and who has a comprehensive understanding not just of your needs but also of the legal ramifications of all your choices. An estate planning attorney can help you with some of the most difficult and complicated decisions you will ever make.
