Court battles over control of the assets of a deceased person or one, who incapacitated, can be gruesome. All the more if at all the owner of the estate did not leave clear guidelines of how the property should be disposed of. these court battles have been seen to last a couple of years and still have the warring parties not satisfied with the results. You ought to consider looking for estate planning services if at all you own property. Estate planning refers to the strategies that are laid down on how your assets will be managed or disposed in the event of your death or incapacitation. There are attorneys that have specialized in this kind of work. When you own property it is your duty to make sure that your successors do not face challenges about estate distribution when you pass away.
One of the most important things you could ever do when it comes to your estate is have a willl. A will, clearly states what should be done to your property if you die or are not in a position to control it. A will is executed by an attorney who saw you write it and he is responsible for making sure nothing is overlooked in its execution. A will is capable of protecting your young children and spouse from those with malicious intent.
A living trust can be used as a way of protecting your beneficiaries. It ensures that the property in trust skips the court probate processes which are known to be exhausting. All you need is to declare the property you want as trust then appoint a trustee who will distribute the said property to your beneficiaries. You can a get a good trust administrator using a trust administration checklist. The process of making your living trust can be made simpler by a living trust checklist.
A health care directive can really come in handy in the event you cannot make your medical decisions. By so doing you give the power of attorney to someone who will make decisions concerning your health. When you choose someone, look for one who has no malice and has your interests at heart.
It also advisable to have an adult you trust to manage your minor children’s property until they are of age. A trustworthy person is the best candidate for this position.
You should also name beneficiaries for your bank accounts and retirement plans so that the money in those accounts does not have to go through the probate process. The money is automatically transferred to your beneficiaries on your death.
Many have found useful assistance from estate planning agencies like AmeriEstate. When you get their estate planning services; there are provisions like the AmeriEstate Legal Plan which serves to protect the property you commit to them.
With such services you have nothing to fear concerning your estate and your beneficiaries.