No one likes to consider their own mortality. Daily life provides enough struggles and minor crises without having to contemplate end-of-life decisions. But if we’re being honest with ourselves, we must acknowledge that when it comes to planning for the future, one can never be too early. Fortunately, attorney Don Bevill has ample experience with Alabama’s laws governing estate planning, including the formation of wills and trusts. Regardless of where your estate currently stands, Jasper’s premier estate planning attorney will take the time to find a solution that benefits you and your family for years to come.
JASPER ESTATE PLANNING ATTORNEY
Compassionate North Alabama Estate Planning Attorney
Drafting a will offers you the opportunity to decide who will receive your assets after you die. In the event that you die without a will, your estate will be distributed pursuant to Alabama state law, a last-case scenario easily avoided by planning ahead. An experienced Jasper estate planning attorney can help with formally nominating executors and guardians (if necessary), as well as the probate process.
Keep in mind, however, that you cannot use a will to leave property held in joint tenancy, property previously transferred to a living trust, money held in pension form and property held in beneficiary form. Attorney Don Bevill offers legal assistance ranging from basic estate plans to sophisticated family wealth planning, including irrevocable trusts, family partnerships, and gifting strategies.
After you die, a variety of steps must be taken to ensure that your estate complies with state law. This process is known as trust administration, and its complexity depends upon the number and type of your assets, their total value and whether your trust includes any tax-related provisions. Living trusts may potentially help you avoid probate and reduce or eliminate federal estate taxes levied against your estate.
Alabama laws governing trust and estate planning, in general, are extraordinarily complex, which makes the assistance of a seasoned estate planning attorney paramount to achieving the peace of mind you and your family deserve.