One thing you must think about when developing your estate plan is the capacity for disputes in between your family members over your estate and how you can lessen that capacity. Hiring an estate planning attorney can minimize the capacity for conflict.
If you create your own estate plan from generic files that you discover online or in a book, you will probably leave a great deal of uncertainties in the plan. For example, if you state that your 2 sons should each acquire half of your properties, you may be leaving the gray location of what assets each child’s 50 percent requires. If your sons both want the same piece of property and you want a specific piece of property to go to one, or the other, and you don’t spell it out, they may battle over it.
When households battle over inheritances, it can quickly get expensive. The dispute typically ends up in Court of probate with each member of the family hiring an attorney. Before too long the cash you saved by not employing an estate planning attorney is litigated expenses and Attorneys’ fees.
Hire a lawyer to draw up your estate plan. The cash you spend now is cash your household conserves later.