Estates planning is not what many people think it is. This is a very serious matter that needs to be handled with all manner of sobriety. If you put one wrong word or even if there is just a single missing signature, it can make matters very complicated when you are gone. Therefore, when considering whether or not to hire estate attorney Salt Lake City folks should know that they do not have much of an option here.
In fact, you do not have much of a choice because the law is very clear when it comes to these matters. It does not only require you to have a lawyer, but the law also stipulates the kind of a counsel to use. The same law also spells out who ought to be in a will, and also those who cannot be in it. Concerning the witness to a trust or will, the law also states who may be on it and who may not.
In certain states, for example, the law only allows a person who has a blood or marital relation with the writer of will be a personal representative. This means that when dealing with property planning, avoid nominating a friend to be your personal representative. Also, you may not nominate a lawyer that does not come from within your state.
In fact, they will not even be allowed to. This is a mistake that can only be avoided by choosing a qualified estate attorney who knows his or her work well. Otherwise, you will be putting your property at the risk of being lost.
There is a common Latin phrase called caveat emptor. Literally, it means buyer beware. There is nowhere this phrase fits more than with the case of estate planning. In fact, you might think its coiner intended it for use in this subject. The internet has really simplified things these days. You will find someone going to the internet and downloading forms. After filling them, he or she thinks it is now O. K.
This is because there are chances that some portions of that document will not be legally valid. Whereas you may think that you are saving a few dollars by bypassing a lawyer, your kith and kin will end up using much more money to correct your mess. Thus, you should just spend the money now and leave your folks with easy time when you pass on.
But some people do not know when they need to approach an estate lawyer. There are some situations like being in a second or later marriage, owning one or more business, having minor children, owning estates in more than one location among other things. Also, you need to start this process if you do not have any children. Folks who were recently divorced should also beware.
The moment a person has to contact estate attorney Salt Lake City is if they fit into one or more of the above categories. You cannot tell what will happen tomorrow. Do not let yourself to be caught unawares.
In fact, you do not have much of a choice because the law is very clear when it comes to these matters. It does not only require you to have a lawyer, but the law also stipulates the kind of a counsel to use. The same law also spells out who ought to be in a will, and also those who cannot be in it. Concerning the witness to a trust or will, the law also states who may be on it and who may not.
In certain states, for example, the law only allows a person who has a blood or marital relation with the writer of will be a personal representative. This means that when dealing with property planning, avoid nominating a friend to be your personal representative. Also, you may not nominate a lawyer that does not come from within your state.
In fact, they will not even be allowed to. This is a mistake that can only be avoided by choosing a qualified estate attorney who knows his or her work well. Otherwise, you will be putting your property at the risk of being lost.
There is a common Latin phrase called caveat emptor. Literally, it means buyer beware. There is nowhere this phrase fits more than with the case of estate planning. In fact, you might think its coiner intended it for use in this subject. The internet has really simplified things these days. You will find someone going to the internet and downloading forms. After filling them, he or she thinks it is now O. K.
This is because there are chances that some portions of that document will not be legally valid. Whereas you may think that you are saving a few dollars by bypassing a lawyer, your kith and kin will end up using much more money to correct your mess. Thus, you should just spend the money now and leave your folks with easy time when you pass on.
But some people do not know when they need to approach an estate lawyer. There are some situations like being in a second or later marriage, owning one or more business, having minor children, owning estates in more than one location among other things. Also, you need to start this process if you do not have any children. Folks who were recently divorced should also beware.
The moment a person has to contact estate attorney Salt Lake City is if they fit into one or more of the above categories. You cannot tell what will happen tomorrow. Do not let yourself to be caught unawares.
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