Semmes, AL Estate Planning Lawyers
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If you’re approaching your retirement years or are already living them, you likely have accrued money, property, and other assets you plan to pass on to your posterity. However, have you considered how you will protect your hard-earned life’s wealth until that time comes? Many people don’t realize that estate planning isn’t only deciding who will inherit your estate when you die; it’s also ensuring that those assets within it remain protected, for both your sake and that of your family’s.
The seasoned Semmes estate planning lawyers at The Ladd Firm can navigate you through this process and provide valuable insights to your circumstances that we’ve cultivated by serving Alabamians for nearly 30 years. Call today to find out how you can get a free phone consultation with a member of our team and learn more about the advantages of creating a comprehensive estate plan.
What Is Included In An Estate Plan?
Estate plans are highly customizable, which is one of the benefits! You remain in control of choosing the components that target your unique and specific goals (which our knowledgeable Semmes estate planning lawyers can help you determine if you aren’t sure!). However, it is in your best interest to have at least the following documents:
- A will – the traditional document which names your heirs and what you would like them to inherit
- A trust (or a combination of several trusts) – a financial entity to which you transfer your assets to be managed for the benefit of your heirs
- A living will – while sometimes referred to as advance directives, a living will is a collection of documents which outline your preferences for medical care to be used in the event that you become incapacitated and unable to speak for yourself (like whether or not you would want to be intubated, resuscitated, etc.)
- Power of attorney – this allows you to name a trusted individual to make financial, medical, or other decisions on your behalf
- Guardianship designations – for parents of minor children to name the individual(s) who should care for them in the event that they become incapacitated or pass away
- Beneficiary designations – documents which name the individual(s) certain assets will pass directly to upon your death
- And more!
Why Are Estate Plans So Important To Have?
In short, things get legally messy for the loved ones of those who pass away with no estate plan. They will likely have to endure the Alabama probate process (which is extremely long, expensive, and stressful), meaning your hard-earned wealth will be in legal limbo until they can take ownership of it – which could be months, or even longer than a year, down the road! This also leaves the door open for your family members to argue and bicker over who should get what, and that doesn’t do anyone any good. Estate plans are explicit, and don’t leave a lot of room for deviation.
To add, having an estate plan keeps you in charge of your future and that of your money and property. You worked hard throughout your life to earn that right! You also know your family best, so you are the best person to make those important decisions. Moreover, you remain in control of your bodily autonomy, which ensures the principles you believe in are obeyed and that none of your loved ones struggle with the uncertainty of having to make those decisions themselves without knowing what you would have wanted.
How Can Knowledgeable Semmes Estate Planning Lawyers Help Me?
Estate planning involves a lot of paperwork, which can intimidate a lot of people and be the barrier that keeps them from taking this critical step in their life! Rest assured that when you work with The Ladd Firm, we take care of that for you and guarantee that they align with both Alabama state laws and federal laws. We make sure that you understand everything as we do it and that you always feel confident in the next step, never unsure!
To take the first step, call The Ladd Firm today and learn how you can speak with our dedicated Semmes estate planning lawyers in a free phone consultation. Both Mr. Ladd and Mrs. Ladd are passionate about working with families and helping them be as prepared for the future as they can. We know you will be satisfied with our personable and professional service!
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Semmes, AL Practice Areas
The Ladd Firm is an asset for individuals who need assistance with estate planning. They are truly concerned with what is best for their clients and take the time to understand the situation and tailor the options for the best outcome.
The Ladd legal firm is a very personal and professional legal firm. The service we received was complete and their patience with explaining the process of establishing a family trust made us completely comfortable. We are amazingly comfortable recommending them to anyone wishing to set-up a family trust.
The LADD Firm
Why Choose Us?
Free Telephone Consultation With Local Lawyers
Save Thousands Of Dollars
50+ Years Of Combined Experience
Plans Start At $1000!
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