Answers to 3 Common Questions Regarding Hiring an Estate Attorney

There are some misconceptions about who should hire an estate attorney. According to NOLO, about 49% of people that responded to a recent survey said they didn’t believe they have enough assets to hire an estate attorney or worry about planning their estate. The idea that a minimum number of assets is needed to hire an estate attorney is wrong. Let’s take a look at the answers to common questions that people often have about estate attorneys to correct any misconceptions you may have.

Is There an Asset Threshold?

You don’t need to have a couple of million dollars in the bank to need the services of an estate planning attorney. No minimum number of assets is required to benefit from estate planning services. If you have any assets you want to protect and plan for, regardless of size, you are eligible for assistance from an estate planning attorney. You don’t have to be wealthy to want to plan for your future.

Who Needs Estate Planning?

An attorney can help anyone who wants to ensure they have all the proper documentation to protect their loved ones when they are no longer here. Anyone needing tax advice about their assets and how to protect them can benefit from an estate attorney’s guidance. If you have a business, home, dependents, or a favorite charity you want to provide for after your death, you can benefit from the help of an experienced attorney. These attorneys can help set up trusts, wills, and other documents that plan your estate regardless of the size.

Is It a Good Investment?

You have worked hard to build your assets. Protecting those assets now and in the future should be a priority. Estate attorneys have the experience and the education to ensure that your estate is protected. They can also manage probate issues, administrative issues, and more. It doesn’t matter how many assets you have, it only matters if you want to protect them. Everyone should have an estate plan in place. An estate attorney can develop a custom plan that fits your needs. Don’t put off getting your estate in order because you believe that you don’t have enough assets. Call an attorney at Twin Falls Estate Planning, PLLC today to learn more if you are on the fence or unsure if your assets need protection.