Comprehensive estate planning allows you and your family to effectively prepare for the unexpected, and as such, it’s good practice for every family to engage in estate planning with the aid of an experienced attorney, so as to ensure that their financial futures (and in the case of children and disabled relatives, provisions for their care) are secured, even in the event of incapacity or death.
The primary tools of estate planning are Wills and Trusts, of which there are a multitude of different formats and customization options to suit your particular circumstances. Birmingham Attorney Daniel Chambers will work closely with you to holistically assess your circumstances and draft a comprehensive plan that is customized to your needs.
The Last Will and Testament document are foundational to estate planning, though its function as a planning document is strengthened in conjunction with other estate planning tools, such as a medical directive, power of attorney, and trusts. The Will document provides you with the ability to:
The Last Will and Testament are powerful, but it’s worth noting that it will not avoid probate, and it is not capable of setting out detailed directives relating to medical care, among other things.
Depending on the circumstances, your estate planning attorney can set up an estate plan that utilizes trusts to avoid the time and expense of probate, minimize tax liabilities, protect your assets from creditors, and more. Some trusts can be made revocable so that they are flexible and can be modified over the course of your life. Other trusts — though irrevocable — gain tax benefits, as well as other advantages. Trusts have different functions and forms. Popular trusts include:
Be sure to consult with your estate planning attorney if you have an interest in setting up a trust, as alternatives may be available that are more suitable for your particular financial circumstances. There may also be other legal considerations that have not yet been fully assessed.
Attorney Daniel 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. To discuss your estate planning concerns with a skilled Vestavia Hills estate planning lawyer, contact Daniel H. Chambers, Attorney-at-Law, PC by calling 205-913-4057. You can also schedule your initial consultation by contacting Attorney Chambers online.
We have used Daniel Chambers for legal services on several occasions since 2007 with excellent results. He has assisted our family in each matter with a professional yet tenacious manner. He has always been upfront about possible outcomes and honest about how to appropriately deal with challenging situations. I have recommended him several times over and will continue to do so. He has been an incredible asset to have on our legal team and we have always been satisfied with the results.
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