Protection of the spouse is one of the major concerns for most people, across the globe, when it comes to estate planning. It is quite natural because, no one wants his or her spouse as well as children to suffer in the event he or she passes away.
A will or trust is the best way to protect your surviving spouse and children. However, it is equally important to remember to explain what protection a spouse has prior to a will or trust being created.
Estate planning would be the best way to offer adequate protection to your spouse once you pass away. This would enabled both the client and the lawyer involved to see what can be actually done in order to offer best protection to the surviving spouse.
An estate planning attorney would prove to be a boon for you, in this regard. Contact an experienced and expert lawyer who is qualified to handle your case efficiently. He must have handled such cases in the past with extremely good track record. You would be happy to avail the services of an estate planning lawyer, who has all these prerequisites.
An estate planning lawyer would let you know the importance of joint tenancy. In fact, most major assets married couple are owned in joint tenancy. This means that the assets are automatically passed on to the surviving spouse, in case one spouse dies. Ask your estate planning lawyer and he would help you understand about a joint tenancy in detail.
The main question about a joint tenancy is not how to save the rights of your spouse but whom do you want to pass the assets, finally. Your estate planning lawyer would also explain you about your basic rights and the way the state in which you live has actually designed those rights. Remember that planning an estate is a creative process that can be handled by an experienced and knowledgeable lawyer.
Remember, there are several ways you can plan your estate. In order to choose the one that is right for you, you must look out for the one that captures your interests in the best manner. Also note that the assets in the marriage have altered by law, similar to a pre-nuptial agreement. There are several legal instances where a spouse would require additional legal protections in the form of estate planning.
Timely estate planning with the help of an experienced estate planning lawyer would help protect your spouse as well as children. It would offer your spouse financial independence and security. Therefore, your best bet is to find a reputable and qualified estate planning lawyer to help you create your Will and plan your estate so your assets are distributed to who you want them distributed without a lot of legal hassles.
Last but not the least, you must understand the policies of the state you are residing in, regarding wills and trusts. This would offer you an idea of the kind of asset protection strategies are best suited for you. For more details, contact an experienced estate planning lawyer in your state and ask for various possibilities. They would be more than happy to discuss your case and then guide you in the right direction.