December 9, 2023

When is the Right Time to Work with an Estate Planning Attorney

Just like other matters in life, estate planning is something you may want to put off as you focus on your daily routines. However, if you do not want your loved ones to fight over your legacy, you should have an estate plan in place before something happens to you. In this case, you need a reputable Litvack Dessureault avocat succession to help you prepare the necessary paperwork and ensure legal compliance.  So, when exactly should you work with an estate planning lawyer?

You Have Become an Adult

Estate planning is more than just creating a will or trust. Your estate plan must also include medical, financial, and legal powers of attorney when you become incapacitated. Also, the plan may include details on your funeral. Thus, sometimes, you can make an estate plan even if you do not have significant assets.

Once you reach adulthood, you can enter into contracts legally. Thus, you need to be at least 18 years old to write a legal will. In this case, you should consult an attorney about an estate plan or will. Through legal estate planning documents, you leave instructions on how your assets will be divided, your medical care when you become chronically ill, and your funeral.

There is Family Disagreement

If you have many heirs or beneficiaries, you must work with a good estate planning attorney. Your lawyer can record your assets and the beneficiaries who will get them. Also, they can help you pick a trustee or executor who can distribute your assets without bias. 

You Own Significant Assets

As you accumulate assets, you must start consulting with a lawyer because they can help you monitor your assets and identify who gets them after you die. By working with an attorney, you also protect your assets from going into the hands of the wrong people. With proper estate planning, your chosen heirs and beneficiaries can easily fight any legal challenges that can arise. 

You Have Kids

An estate planning lawyer can help you name guardians for your minor kids. Although you have the responsibility to raise your kids, they may need new guardians when you become incapacitated or when you die. This way, the court will not decide guardianship for you. Therefore, you need to discuss guardianship with people you trust who share the same values and have sufficient finances to care for and provide for your children. Once you get the guardian’s consent, meet with your lawyer to make things legal.