Moulton Estate Planning Lawyer

Estate Planning Attorney In Moulton, AL

If you are wondering what estate planning is or how it can benefit you, a skilled Moulton estate planning lawyer can help. When you hire an estate planning lawyer, you can assuage your fears about the future by developing a concrete and adaptable plan for whatever is to come.

Estate planning is the process by which a person handles various aspects of their estate, which is made up of property and assets. This can be a confusing process, especially when people use terms such as estate administration, probate, and estate planning interchangeably. While they may sound similar, they are all different parts of an in-depth process.

The Probate Process

When an individual passes away, their estate may still need additional sorting. The probate process involves the legal distribution and management of the deceased’s estate as stated in their will. If there is no will, state law will determine the ins and outs of asset distribution.

Only 32% of Americans have produced and finalized a will. While the probate process can still be carried out without one, not having a will can lead to complications and, therefore, a more demanding and time-consuming probate process. Regardless of what age you are, it is always a wise idea to draft a will as an adult. This can be done with the guidance of an estate planning lawyer, and, should the need arise, your lawyer can even help you modify your will later.

Estate Administration

Estate administration refers to the management and administrative side of carrying out a recently deceased individual’s estate plan. This often includes sorting out additional probate procedures, but there is also the added responsibility of taking care of the estate’s various administrative needs, such as settling debts and tying up financial agreements.

Estate Planning

Estate planning is an umbrella term that covers a wide variety of estate management-related needs. It often plays a vital part in preparing your estate for not only the future, but the unknown as well. An estate planning lawyer can help you sort out your estate, handling things like making the necessary decisions about the future of your estate and how you want your final wishes to be carried out.

Approximately 35% of adults in the United States know someone who has faced familial disputes directly related to a lack of estate planning or have even experienced it themselves. Hiring an estate planning lawyer can help you avoid a future of confusion and familial discord. Proper planning can also help you learn how to avoid probate in Alabama, potentially saving your family time and money.

Hire an Estate Planning Lawyer

When you hire an Moulton, AL estate planning lawyer, you can unlock a whole host of benefits. Estate planning can be an incredibly complicated and in-depth process that can leave you feeling overwhelmed. An estate planning lawyer can empower and equip you as you press on with your estate planning process.

If your case requires the outside involvement of the Alabama court system, your case will most likely be carried out at the Lawrence County Judicial and Administrative Center. Your lawyer can help you sort out scheduling and preparation, as well as other aspects of your case.

Why Choose The Law Office of Brad Phillips, LLC?

At The Law Office of Brad Phillips, LLC, we believe in helping our clients navigate the complexities and benefits of estate planning. You deserve to feel peaceful about the future of your estate and your loved ones, and one of the smartest ways to achieve that peace of mind is by developing a plan. Brad will be able to walk alongside you every step of the way, providing insight and advice as needed.

FAQs

What Kind of Lawyer Do I Need to Hire for My Estate Planning Case in Alabama?

If you are hoping to develop a strategy for the future of your estate, an estate planning lawyer can help. Estate planning can be incredibly in-depth and complex, so you may find it beneficial to have the support and guidance of an estate planning attorney as you dive in. Your lawyer may also be able to help protect you from making common missteps or overlooking crucial details that could cause problems for you and your loved ones down the line.

When Should I Hire an Estate Planning Lawyer in Alabama?

Estate planning lawyers can help you at any stage within your life, but many individuals have found that it can be beneficial to hire one sooner rather than later. You can always adjust your current estate plan, but you cannot go back to the past when you find yourself unprepared and running out of time. The sooner you connect with an estate planning lawyer, the sooner you may be able to find peace of mind as you await what the future has in store.

What Is the Difference Between an Estate Lawyer and a Probate Lawyer in Alabama?

While these two terms are often thrown about interchangeably, they are quite different. Yes, they both belong to the overall estate management process, but while estate planning occurs during your lifetime, the probate process will be carried out posthumously. Hiring an estate planning lawyer can mean fewer complications for your future, including the probate process. This can protect your loved ones from pointless confusion, disagreements, and stress, as well as give you current peace of mind.

How Long Will My Estate Planning Case Take to Resolve in Alabama?

Each estate planning case is unique, so it can be difficult to determine precisely how long a case may take to resolve in the state of Alabama. Variables, such as the size of your estate, the amount of assets you possess, and/or the schedules of those involved, can have a large impact on the amount of time your case requires to be completed. You may also need to revisit your previous estate plan if you experience any unexpected circumstantial changes.

Talk to Our Moulton Estate Planning Lawyer Team Today!

Even though it can be an incredibly complex process, estate planning can prove to be just what you need to achieve peace of mind and a plan. Hiring an estate planning lawyer can bring clarity to this otherwise confusing undertaking.

Contact The Law Office of Brad Phillips, LLC, today to schedule a consultation.

Moulton, AL Estate Planning Resources

• How Much Does It Cost to Probate a Will in Alabama