Estate Planning 101 - EVERYONE NEEDS A WILL
Estate planning in the simplest terms provides that EVERYONE NEEDS A WILL. In Alabama, if you died without a Will your Estate passes according to the laws of intestacy and your heirs are required to file with the Probate Court requesting to Administer your Estate. Without a Will your spouse and children will be required to purchase a bond from a local insurance company and then file a complete inventory of the assets of the Estate. The Probate Court will also require an accounting of all income and expenditures of your Administrator. Not having a Will can be very time consuming and expensive. With a Will you can exempt the requirements for posting bond, filing inventories and accountings and also dictates who gets your money; estate planning done well can protect and carry out your wishes when it comes to your family, business, healthcare and more all saving your loved ones time and money.
Estate Planning is NOT just for the ultra-rich
For a lot of people, the mention of estate planning or trusts triggers the idea of the super-rich. However, there are estate planning solutions even for average income families that can help preserve your finances from taxes, and make the legal process after you pass on much easier on your family.
Estate Planning IS a custom tailored solution for you
When you work with the attorneys at Capps & Associates on your estate, we become your partners in planning. We start by discussing what is important to you and how you would like to have your finances and possessions distributed. Then, we make suggestions of how we can make the transfer of assets as efficient as possible. This may include setting up a trust. We suggest that you also consult with your tax professional or Certified Public Accountant concerning any tax questions. Please note we are not tax attorneys and do not offer tax advise.
Contact an Experienced Estate Planning Lawyer Today
There are literally an infinite number of potential solutions when it comes to your estate plan. What our attorneys can do for you is simplify the options, and make suggestions that are custom tailored to your life and what you think is important. Remember EVERYONE NEEDS A WILL.
Questions about Estate Planning?
We can provide answers in an initial consultation. To make arrangements to meet in our Dothan office call (334) 678-7994 or click here to contact us via email.