4 Reasons to Hire an Estate Planning Lawyer in Reno

Estate planning is one of the best ways to make sure your family is taken care of in the event of an emergency. Though it may seem like something that is only a concern when you’re nearing death, many people consider estate planning decisions while they are still young and healthy.

One way to ensure that your loved ones will be taken care off after your death if you die suddenly or become unable to manage your affairs, whether due to a serious injury or illness, or dementia, is by hiring a Reno Estate Planning Attorney.

Here are 4 main reasons you should hire an estate planning lawyer in Reno.

1. To avoid a lengthy and costly probate process

Though probate is a fairly efficient way of leaving your property to beneficiaries, it is not the only way to avoid the legal process. In many states, you can avoid probate altogether simply by including a will and trust in your estate plan. Though probate may be less expensive than having a lawyer work with you on your estate plan, it will still be costly if you have complicated assets.

1. Saves time and energy by avoiding mistakes

Estate planning requires a lot of attention. There are many details to take into consideration that can make or break your planning. By hiring a lawyer, you can help avoid mistakes that might leave you with no assets after your death.

1. To reduce tax liabilities

You may not be aware of it, but your estate planning decisions can significantly change the amount of tax you pay. If you are planning to have everything go to your beneficiaries, you will avoid incurring more taxable assets, as well as a higher tax liability. However, if you include a trust that benefits your beneficiaries at the same time that you make a will, your then-spouse will likely inherit all or most of the estate’s taxable assets.

1. To do the best to protect you, your family, and your assets

The most important reason that you should hire an estate planning attorney is to do everything possible to protect your family and your assets. If you die without a will or trust, it can be costly and difficult for your family to deal with. In addition, getting an excellent plan in place when you’re young means that your loved ones will not have to deal with the burden of estate taxes on any of your wealth after you die.

Ulani Uriah

Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.

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