Sigman Janssen Legal Blog
3 Reasons Hiring An Estate Planning Lawyer May Be A Good Idea
April 03, 2014
If you’re thinking about planning a secure financial future for their family and loved ones, an Estate Planning Lawyer can help protect your legal rights.
Some of the most common concerns often overlooked in financial plans include:
- Ensuring Money Left To Loved Ones Stays With Them- The Wall Street Journal recently told the story of a Wisconsin woman who inherited $300,000 from an IRA her mother purchased in 2001. The woman who inherited the funds had filed for bankruptcy in 2010 and lawyers had to argue before the Supreme Court that the inherited funds could not be accessed by creditors.
- Taxes- When money or assets are left to a loved one, the government may attempt to collect taxes on the gift. Hiring an attorney may be able to help prohibit the government’s access to those assets.
- Probate Litigation- Leaving property to a loved one isn’t as simple as making a declaration of intent. Paperwork and documents must be completed in order to secure a legal transfer and an attorney will know exactly what is needed to do so.
The Wisconsin Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz recognize how complex and confusing the laws overseeing estate planning can be, and they are here to help anyone who is in need of estate planning services. Call us today at 1-877-888-5201 to discuss your legal options!