Estate planning is an important part of life. Everyone should consider creating a will that can set a mechanism for their estate when they pass. A will is a testamentary document that details certain aspects of the future of an estate, including beneficiaries and a person to carry out the directions of the will. Regardless of your means, you probably have assets and personal belongings that should pass to the correct people. If you were to pass without a will, your estate would be subject to the somewhat arbitrary laws of intestacy, the guidelines put forth by Alabama law when there is no estate plan in place. Talking with an attorney is a good first step towards a comprehensive estate plans tailored to the needs of your estate and saves your family the possibility of infighting.
Picking an Executor
The will is often the keystone of an estate, providing beneficiaries certain assets and declaring an Executor the authority to carry out the testator’s wishes. An Executor’s job is a significant one. Picking the right person for this obligation is important. He or she must be ready to do the hard work, consulting with many parties, including beneficiaries, attorneys, accountants and more.
Avoiding issues with a will
In addition, it is important to execute a will according to the state to avoid contests. A contest is when someone questions the validity of a will. When executing a will, it is important for you to declare your intentions to witnesses that can attest to your capacity and intent. With the help of an experienced estate planning attorney, you can do so, giving your estate the best chance of avoiding contests and other legal issues.
Contact Stone Crosby, P.C. to discuss creating an estate plan tailored to you with a compassionate team of attorneys.