Making the Alabama Law of Wills and Estates Work For You
The attorneys at Parkman White, LLP have years of experience helping clients meet their estate planning needs through expert trust and will drafting and personalized legal services. We know that a fill-in-the-blank standard form won’t always do the job for our clients, so we make sure we know exactly what our clients and how best to ensure those wishes are carried out. Estate planning requires a lawyer to determine the client’s family and financial goals, take an inventory of the client’s assets, and determine which elements the client’s estate plan should include.
Typically an estate plan will require several elements in order to fully give effect to the client’s intent. Even clients that have a trust will generally need a pour over will to dispose of any property outside of that document. Some will require a combination of a will and a trust (called a testamentary trust) to meet their needs. An example would be parents with minor children. In Alabama, a minor child cannot inherit property out right. A minor childs inheritance must be placed into a testamentary trust. In addition to the main testamentary document, most clients will want to add a power of attorney and a living will or health-care proxy. At Parkman White, LLP our Birmingham legal team can determine which estate plan best meets your needs.
In case you become incapacitated or are declared incompetent to manage your own affairs, it is important to prepare documentation appointing a guardian or conservator to manage your affairs during that time period.
It is also important to remember that preparing an estate plan requires time and commitment on your part. Our firm does not intend to create documents for you and never see you again. A proper estate plan requires reviewing and adjusting to ensure that your estate is properly protected during your life and after your death.
If you are ready to start thinking about your estate plan, our team can help get you where you need to be. Our attorneys will be happy to discuss your situation and review your options with you at every step. Contact our estate planning attorneys today at 205-502-2000 for a consultation.