Various Benefits Of Involving an Experienced Attorney When Drafting Wills
There are very many people out there who are still asking if they should have a will. It is never too late for anyone; you can now start planning having a well drafted will obviously by an expert. If you think of it in the event of death, which is never anticipated by anyone, your beneficiaries will find it legally hard to claim your assets; they will have no author to deal with them too. Away from the fixed assets such as the estate, even the small bank accounts as well as personal possessions cannot be transferred legally without application to a court for the estate trustee appointment.
With this in mind, there are various reasons why you need a lawyer when making a will. One, the lawyer, has the right experience to draft the will as well as estate planning. You need an attorney with the right expertise to guide you on critical issues such as how to avoid probate fees, how to postpone asset distribution to the children beyond 18 years or even 21 and how to establish trust funds for your children among many others. Any attempt to do it by yourself can be full of uncertainties; it may have mistakes which may deem the will invalid. For instance, provisions that postpone estate distribution to children at 21 or even later requires carefully worded clauses. Improper wording of these clauses of such wills result to the assets being distributed at the age of majority which is 18 years regardless of the writing in the will; this will be against your intentions. You may also fail to take into account provisions of the insurance policy as well as RRSPs. Is is possible for one to come up with a good will by using the will kit? This may look like a shortcut to coming with a good will, but it is technically hard for it to cover all your intentions sufficiently. Taking into account that scenarios are different, you need to explain your intentions to the attorney so as to draft a legally binding will that captures every intention you have in mind . Clients are normally amazed when they get to know that they have numerous options available to them; the attorney takes you through one by one so that you can choose the one which is most suitable for you.
The experience of the attorney in this field gives him or her an upper hand to know emerging estate rules. For example, there are cases which don’t need probate like where the beneficiary is named directly. This means; attorney guidance is very paramount as it makes it possible to plan well.