11 Reasons to Work With An Estate Planning Attorney

September 25, 2018
Written on behalf of Daniel H. Chambers Attorney at Law, P .C.

We’ve all seen TV shows and movies that make it look like estate planning is only done by the old and wealthy rich people signing their Last Will and Testament on their deathbed. But this could not be further from the truth. Comprehensive estate planning should be considered by all people from working-class families, to young couples, to single professionals, and everyone in between.

You may not fully understand the value of preventative and comprehensive estate planning. That’s okay, it can be a complicated process! That being said, this shouldn’t scare you away. Failing to plan could have negative consequences if something sudden or unexpected happens like an illness, injury, or death.

Comprehensive estate planning involves more than just determining the people who will receive your money and property after death. In fact, proper estate planning must take into account a variety of situations that do not involve fatal incidents at all. Estate planning documents include wills, revocable trusts, irrevocable trusts, power of attorney, medical directives, and more.

Estate Planning Will Me Sure You…

1. Identify, appraise, and distribute your assets to your desired beneficiaries.
2. Avoid probate, which can be expensive, inefficient, and complicated.
3. Prevent conflicts between beneficiaries.
4. Reduce tax liabilities.
5. Identify your healthcare preferences and direct your family and various healthcare professionals to treat you in accordance with such preferences.
6. Create protected trusts to help ensure that your loved ones have sufficient funds for their education, healthcare, living expenses, and more.
7. Select a trusted person or entity to manage your assets and health care in the event that you are rendered incompetent or otherwise incapacitated due to injuries or illness.
8. Provide for charitable giving.
9. Plan for the care of a disabled loved one who has special needs.
10. Ensure that your estate matters are kept private, rather than exposed to the public-at-large.
11. Protect assets from creditors.

This blog post should not be taken as official legal advice. Comprehensive estate planning that is customized to your particular circumstances demands the efforts of a skilled estate planning attorney with years of experience helping individuals and families prepare for their futures.

Attorney Daniel H. Chambers has dedicated his career to helping clients successfully resolve their various family law and estate planning issues. He understands that comprehensive estate planning for can be a difficult and overwhelming process and is personally available to answer any questions or concerns you may have throughout the process.

Call 205-913-4057 or click here to get a free consultation with an experienced Birmingham, AL family lawyer.