Perhaps one of the biggest misconceptions around planning for your loved ones in the event of your passing is assuming that simply having a basic will is enough. While a will is important, it is only part of the services offered by an experienced estate planning lawyer.
Hiring an estate planning lawyer in Davenport is the best way to ensure your affairs are in order. This includes more than just drafting and finalizing the will; it also includes developing a Living Will, addressing concerns about the care of minor children, and ensuring your heirs have a minimal amount in costs for taxes, legal fees, probate costs, and court costs. It may also include appointing a Power of Attorney and ensuring a medical directive is on file.
Ensure Your Wishes are Carried Out
Unfortunately, many of the do-it-yourself or online legal kits and offers are not legally correct documents. This can leave individuals in Davenport, IA, with a false sense of security that their loved ones will be cared for after their death.
Attorneys specializing in estate planning can create legal documents that comply with all state laws to make the process of probate and settling the estate free from legal battles.
Asset Protection
A top Davenport, IA,estate planning lawyer can also suggest ways to help protect your assets. This could include setting up a trust for your heirs or creating specific types of plans to care for family members that are disabled or who have additional medical or other costs to consider.
Protecting your assets also means preserving your estate as much as possible for your heirs by reducing tax liability to protect your estate. Talking to a Davenport, IA, estate planning attorney is always a wise decision at any time in life.
Talking to an estate planning lawyer at David J. Franks, P.C. in Davenport, IA, is the best way to plan for your future. To learn more, see us at davidjfrankslaw.com.
