How many seniors in Billings and the state as a whole are participating in estate planning?
In the absence of a will, your loved one’s estate will be administered and distributed according to local laws which might not align with their wishes. According to a recent study conducted by the IRS, these are how many people filed simple and complex trust documents in the state of Montana:
A common misconception when it comes to estate planning is that it is exclusively for those who are wealthy. In fact, everyone should, at the very least, have a will regardless of how modest they think their assets and belongings are. Working with a Billings estate planning attorney can ensure that your senior’s wishes will be respected when they pass on.
What do seniors in Billings name as the most important benefits of having one’s affairs in order?
When someone passes away without having done proper estate planning it can place their loved ones in the position of having to make difficult decisions and navigate administrative red tape while grieving. When those left behind are not clear on the wishes of their deceased loved one, it can also cause conflict that could have been avoided. As can be seen from the data below, one of the main reasons seniors think estate planning is important is to spare their loved ones this reality:
An estate planning lawyer in Billings can help ensure that your senior makes the decisions that matter most now, while they are still cognitively sound and have the capacity to do so. This will not only make sure that they can stipulate how their estate should be handled but also that family and friends don’t have to do any guesswork or admin at a time of great loss.
How to choose the best estate planning attorney in Billings
There are a few things to keep in mind when selecting a Billings estate planning attorney for the senior in your life. While drawing up a simple will is something that most attorneys can do, when it comes to things like trusts and more complex estate planning you’ll want someone who specializes in this field and has relevant experience. Don’t be shy to ask for references and be sure to check their credentials with the State Bar of Montana. Take your senior along to meet with all the attorneys you are considering as they will have to work closely with each other on an ongoing basis. If you’d like some more help to make an informed decision, have a look at our comprehensive guide to choosing an estate planning attorney.
Estate planning solutions for Billings seniors
Estate planning is one of those things that you really don’t want to keep putting off. Your loved one has spent decades working to build their life and the manner in which their assets and belongings are handled when they pass on should be exclusively their decision. Working with a highly qualified and experienced attorney can ensure their wishes are respected and that everyone knows their role when the time comes. Let Seasons help you access the best estate planning services in Billings for your senior.