Most people do not like to think about their own passing, but it is important to do so. Many things must be considered so that a person does not burden their family members after their death. Hiring an estate planning lawyer is a great way to get one’s affairs in order. Three important services provided by Estate Planning Lawyers in Decatur AL are the creation of a will, the designation of beneficiaries, and the establishment of trusts.
Creation of a Will
One important service provided by estate planning lawyers is the creation of a will. Creating a will can be complicated. It should include a number of things, depending on one’s age and situation, including provisions for personal property, children, and funeral plans. It is also important to have the will drawn up, signed, and notarized correctly to make the legally binding. An estate planning lawyer is able to assist with this process and make sure it is done properly.
Designation of Beneficiaries
The designation of beneficiaries is another important service provided by estate planning lawyers. A beneficiary is a named person or entity set to receive a person’s assets upon their death. Designating beneficiaries is an important step in estate planning that allows the decedent’s family to avoid the probate process. An estate planning lawyer can aid in naming beneficiaries and dividing assets among them.
Establishment of Trusts
The third important service provided by estate planning lawyers is the establishment of trusts. Trusts can be beneficial both before and after a person’s death. Before their passing, a trust can help protect the assets of a person who has become incapacitated. After their passing, a trust can protect the assets that are passed along to the beneficiaries. An estate planning lawyer can provide help in establishing necessary trusts.
ONeal & Kilgo Attorneys at Law are Estate Planning Lawyers in Decatur AL. When the creation of a will, the designation of beneficiaries, and the establishment of trusts is needed, the legal experts can help. The attorneys provide clients with top-notch counsel and peace of mind as they navigate through difficult times and situations. Counsel for bankruptcy, disability, and family law are also available. Visit the website today for more information.