An attorney can help you create an estate plan to ensure that your assets get distributed as you choose. If you’re concerned about the following circumstances, consider hiring an estate planning attorney in Pensacola, FL.
Understanding Complex Legal Rules
Estate laws are often complex. An attorney can help you navigate these laws, potentially saving your beneficiaries from legal headaches.
Tax Implications
Local experts, such as the team at Beggs & Lane, understand the tax requirements for the city, state, and federal government. Estates that are likely to be liable for taxes benefit significantly from working with an estate planning attorney.
You can receive strategies for minimizing your tax liabilities, helping to protect your estate’s value for your beneficiaries.
Reviewing and Updating Estate Plans
If you have an existing estate plan, you may want to hire an estate planning attorney in Pensacola, FL, when you need to update it.
For example, you may want to update your estate plan after a significant life event, such as a marriage or a divorce. The birth of a child or the death of one of your beneficiaries may also give you a reason to revise your plan.
Owning a Business
Business owners have added concerns that may require estate planning. This includes planning for the succession and continuity of your business. An estate planning attorney can help you create a succession plan that aligns with your personal estate wishes.
In the end, hiring an estate planning attorney is beneficial when dealing with complex assets, exceptional family circumstances, business ownership, tax issues, or when updating an existing plan.
