Ridout Barron

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587-315-8454

The benefits of legal counsel in estate planning

Although it may make financial sense to download a do-it-yourself will from the internet, it might not make legal sense. For many people in Alberta, estate planning is a complicated process, and the circumstances of each individual are unique, many of which might not be included in DIY documents. For that reason, it makes sense to utilize the skills of an experienced estate planning lawyer.

A lawyer can assess the client's needs and explain what the individual needs and why. Legal counsel can also focus on ensuring the client's wishes will be carried out as planned upon the client's death. At the same time, the lawyer can ensure that the will and other estate planning documents follow the laws of Alberta.

Furthermore, a lawyer can limit tax implications and other fees regarding the estate upon the testator's death. Other difficult but crucial steps include choosing a guardian to care for young children. The lawyer can also include notes to document that the client was mentally fit at the time of drafting the will.

Without the guidance of an experienced Alberta estate planning lawyer, the intended beneficiaries might never receive their share of the assets, and even if they do, the legal costs might reduce the value of the estate significantly. This could mean that thousands of dollars go to estate costs and not to the beneficiaries. Moreover, without the skills and experience of legal counsel, litigation can tie up the assets of the estate for years before the intended beneficiaries receive their inheritances.

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Ridout Barron

802 13th Ave SW
Calgary, AB T2R 0L2
Phone: 587-315-8454
Fax: 403-271-8016
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