Reasons to Hire an Estate Planning Attorney

There are several important reasons for hiring an estate planning attorney, and one of the most important is that you will have legal representation. No matter what assets you own – real property, financial investments, jewelry, antiques, cars, or a home in rural Texas – if you do not protect these possessions in the proper manner, someone else could take them away. Do you want to learn more? Visit Oren Ross & Associates – Roswell Estate Planning Attorney. An estate planning attorney can help you handle any and all of your estate planning needs, ensuring that all of your assets are protected. You can trust that your family’s future will be taken care of, and that your last wishes will be respected. In short, you can rest assured that your family will always have the money they need, and that their quality of life will be preserved.

Another reason to hire an estate planning attorney is that he or she can give you expert advice about making tax decisions and using gifts and charities to ensure your wealth continues to grow. Estate planning can be tricky, as most people do not realize how important it is to plan ahead for their futures. Without this knowledge, it is quite possible that you could find yourself in financial turmoil, owing thousands upon thousands of dollars you do not have. Estate planning attorneys are well-versed in tax laws, and are often able to give you sound tax advice. This can prevent you from being hit with unexpected taxes and allow you to protect your wealth at all costs.

Finally, when you hire an estate planning attorney, you can rest assured that your children will always have the best opportunities available to them. They are your future, and you will surely want to make sure that your offspring will be taken care of in as competent, or even more competent ways than you have. There are so many problems that come along in modern society, and you can never know what the future might hold. However, with a good plan in place, your children can have every opportunity for the life they deserve, and you will be able to enjoy your time as much as possible without worrying about your family’s financial futures. Make sure you hire an estate planning attorney today, and you can rest assured knowing that your children will have the best chance possible for a bright future.

Call A Living Trusts Attorney

A Living Trust is basically a revocable living trust, which is established through a legal process that grants the survivor or beneficiaries of a deceased person’s estate the right to retain assets in their name and collect payments from any third parties. However, you need not have a Living Trust in place before transferring assets into it. Any living trust can be established, funded and owned by any beneficiary without having a formal Living Trust in place. In fact, most individuals set up a Living Trust as part of their estate plan, as part of their planning with their attorneys, but some individuals decide to keep it just for emergency purposes and at the end of their life.Do you want to learn more? Visit Atlanta Living Trusts Attorney.

 

There are certain advantages to using a Living Trust instead of a will. For example, if there are many beneficiaries such as many children or people with high levels of income, then using a Trust could be the most appropriate way to accomplish your asset protection goals. The beneficiaries will also have more discretionary income and greater protection than if you leave your estate to your children or a relative without a Trust. When you establish a Trust, there is no need to pay taxes on the distribution of the assets because they are not transferred during your lifetime; there is no need to report the Trust to the IRS, and your beneficiaries will not need to file any tax returns.

Therefore, while there may be times when a Living Trust is appropriate, it is not something that you need to do unless you plan to transfer assets into a Trust after you die. If you are not planning to distribute your assets after death, then you should make a will so that your beneficiaries will have the information they need in order to pay tax on the gifts that you left to them. Also, living trusts are very easy to establish, and can be funded with your 401(k) rollover or other retirement accounts, and can be initiated by anyone other than the people named in your Will.

Contact Info

Oren Ross & Associates
200 Galleria Pkwy #1880, Atlanta, Georgia 30339
Phone No. : (404) 436-1752