Estate planning plays an integral role in ensuring your loved ones are taken care of after you pass. That’s why it’s essential to be educated on the subject, regardless of your age or financial status. Fortunately, residents throughout Bullhead City, AZ, can count on the probate lawyers at Knochel Law Office to help them create solid estate plans that hold up in court. Below, they explain a few aspects everyone should understand when preparing for the future.

What Probate Lawyers Think You Should Know About Estate Planning

When to Start Planning Your Will

Many people wonder exactly what age they should be before they start thinking about drafting a will. However, the answer varies depending on several factors specific to your lifestyle. More important than your age is the value of your assets and whether or not you have dependents that could benefit from such preparations.

How to Plan an Estate

There are a number of steps involved in estate planning. To begin, you must calculate your net worth and determine how much estate tax you will be liable for. Then, you can start drafting your will, expressing how your property should be distributed and who should have guardianship of minor children. Next, find out whether you need a living trust and power of attorney to make crucial medical and financial decisions on your behalf should you become incapacitated.

What a Probate Lawyer Can Do to Help

An experienced probate lawyer will ensure you end up with a comprehensive estate plan that is free of errors and proves valid in court. They will walk you through all your options to ensure your plan takes care of you and your loved ones when it’s necessary. They will also help your family navigate the probate process quickly and efficiently.

The more you learn about estate planning, the easier it will be to ensure your beneficiaries are adequately provided for. Once you’re ready to put together an estate plan, a probate lawyer from Knochel Law Office will guide you through the process. Contact them at (928) 444-1000, or visit their website for more information on how they can help you meet your estate planning needs.