Semmes, AL Wills And Trusts Lawyers
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Having a will and trust are two crucial components of building a comprehensive estate plan. They each serve a distinct – but equally vital – role in safeguarding your assets and ensuring the smoother transfer of your wealth to your heirs. Together, a well-crafted will and trust create a framework that not only reflects your values and wishes, but also minimizes the potential for your family to engage in disputes over your estate, which is likely the last thing you want for those you love.
It’s crucial that your will and trust comply with Alabama state laws, as well as federal laws, and the best way to guarantee that is by working with our seasoned Semmes wills and trusts lawyers. We help you get a better understanding of your options and walk you through each step of the process, including all of the paperwork that must be completed and the documents that go along with them. Call The Ladd Firm today to learn more about how you can get a free phone consultation!
Why Is It Important To Have A Will?
Wills are a significant part of an effective estate plan because they act as a roadmap for your family, the courts, and others. This document is where you will list all of your heirs and the assets, property, or amount of money you would like to bequeath to them. Having a will ensures that you remain in control of your hard-earned wealth, which is beneficial for several reasons.
For one, because a will is explicit and comes directly from you, very little room is left for your family to squabble over their inheritances. You remain the authority over the wealth that you have worked hard to accrue throughout your life, and your will ensures that your wishes are clearly articulated to your loved ones. That way, they maintain a loving relationship that allows them to lean on each other following your passing, rather than bicker and argue.
Secondly, when you proactively make these decisions, you prevent the state frome being able to do so on your behalf, as would happen in the absence of a will. Estates are divided and distributed according to the Alabama laws of intestate succession when someone passes without a will, which don’t account for your unique family dynamics and circumstances.
Why Is It Important To Have A Trust?
Trusts are valuable in their own right, but one major benefit of a trust over simply a will alone is that assets in a trust will bypass the Alabama probate process, which is incredibly long (9-12 months) and expensive (due to court costs and filing fees). With only a will, your heirs will not be able to take ownership of their inheritance until the probate process is concluded.
Furthermore, as your estate remains out of the court system, your affairs remain private as opposed to a matter of public record. This can be particularly vital for individuals who prefer to keep the details of their estate, such as specific assets and their distribution, out of the public eye. Overall, trusts allow for a much smoother and controlled transfer of assets.
How Can Semmes Wills And Trusts Lawyers Help You Navigate Estate Planning Confidently?
Your will and trust should be tailored to your life, your family, and your goals. We’ve had our doors open for nearly 30 years, and in that time we’ve served clients from all walks of life, so we have the knowledge and experience to ensure you get the most out of your estate plan. This starts with an educational seminar that we offer – both in-person and on-demand – in order to help you gain a better understanding of your options. Then, you are entitled to a free phone consultation with one of our exceptional Semmes wills and trusts lawyers. Call today to get started!
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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
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