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Simplifying estate planning: The value of expert guidance

December 25, 2024

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Mint Hyderabad

Do I need the help of a professional estate planner? Should I opt for a will or trust? Which is effective?

- Aditya Chopra

Do I need the help of a professional estate planner? -Name withheld on request

Engaging a professional like estate planning attorney who has expertise in her/his field, is very important. They can offer invaluable suggestions and guidance through the often complex and nuanced legal and financial aspects of estate planning. Their knowledge can be instrumental in various tasks, such as drafting essential legal documents including wills, trusts, powers of attorney, and healthcare directives.

A seasoned estate planner can also conduct a thorough evaluation of potential tax implications, helping clients understand how their estate might be subject to taxes both during their lifetime and after their passing.

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