A qualified attorney is in the best position to know the laws of your state and to advise you on how best to accomplish what you need to do. Many estate plans can avoid or reduce unnecessary taxes on IRAs or other tax-deferred assets with a well-considered plan, especially if you include the Lord’s work in your plan. In some states, probate can be expensive and time-consuming, and a living trust can be a good idea. Generally, a trust also is a good idea if you own real property in more than one state. There are numerous factors to consider, and a wise attorney can be very helpful.

 

Some people don’t have a will because they are concerned about the attorney’s fee. It might be less than you think, and you should feel free to ask him or her for an estimate in advance. Think of this as an investment that will almost certainly pay a nice return in the future. You’ll have the peace of mind that your will or estate plan will be effective when the time comes. We have seen too many situations where folks saved money up-front by not using an attorney, but there were problems with the plan they left that created unnecessary costs and delays when the estate was administered. Those cases are like the old oil filter commercial on T.V. A mechanic was standing beside a broken-down engine and said, “Pay me now” (as he held up a filter), “or pay me later” (as he looked at the engine).

 

If you don’t know an attorney, you might consider looking in the directory of the Christian Legal Society below or check with your pastor or a business friend or acquaintance.