Do I Really Need an Estate Lawyer?

September 14, 2015

With so many services and websites promoting do-it-yourself options these days, it’s tempting to think that you can handle the majority of your estate planning needs on your own. These services make it seem like a basic approach to managing your estate will completely protect you. There are two primary problems with this approach: it assumes that one size fits all (and this is rarely the case with individual situations or with state laws) and the margin for error is quite large. In fact, errors made in these “do it yourself” approaches could end up invalidating what you thought you were planning for. shutterstock_255529753

If you do not follow state laws with regard to your estate, your loved ones may be the one paying the price down the road. Even if you want to start with a base document to have a lawyer review it, this is essential so that you know that your document is valid and complies with any necessary laws.

A good estate planning attorney can help you with more than the basic documents you need for estate planning, too. Someone in this position can help you plan ahead for the future by thinking about ways to successfully pass on your assets with minimal tax consequences. Having clarity in your plan also gives you a better sense of how what you’re passing on influences your loved ones or any charities you are leaving money to.

 

 


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

How Grandparents Can Leverage SECURE 2.0 & OBBBA to Build Multigenerational Wealth with Confidence

Explore advanced multigenerational planning strategies for grandparents under SECURE 2.0 and the One Big Beautiful Bill Act (OBBBA). Learn how to use 529 plans, dynasty trusts, SLATs, and ...

<p>The post How Grandparents Can Leverage SECURE 2.0 & OBBBA to Build Multigenerational Wealth with Confidence first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Unlocking NJ Property Tax Relief: What Seniors and Homeowners Need to Know

Discover how New Jersey residents can benefit from the Senior Freeze, ANCHOR, and Stay NJ programs. Learn eligibility criteria, application steps, and how the PAS-1 ...

<p>The post Unlocking NJ Property Tax Relief: What Seniors and Homeowners Need to Know first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Life Insurance & Estate Planning After the Big Beautiful Tax Act: Key Strategies for High-Net-Worth Families

Discover how the Big Beautiful Tax Act changes life insurance, trusts, and estate planning for affluent families. Learn practical strategies to protect wealth and adapt ...

<p>The post Life Insurance & Estate Planning After the Big Beautiful Tax Act: Key Strategies for High-Net-Worth Families first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>