It’s never too soon to start planning for what your family will receive after your death. If your estate has been planned for some time, it’s always a good idea to look over it every so often to ensure that no changes need to be made. When you plan how your estate will be divided, it prevents some of the challenges that your family could face in the event that they have to settle everything in court. An estate planning attorney Mobile AL offers can assist in determining who receives portions of your estate as well as any other final wishes.
If you have children, then you need to have a plan in place for who will be their guardian if you should pass away before they are of legal age to care for themselves. Life insurance money and other lump sums of money that you have should be placed in a trust until your children are old enough to remove the money so that it’s handled in a professional manner. Your estate planning attorney Mobile AL office can help you determine who would be the best person to be in a guardian position if you aren’t sure how to make this decision.
An executor will need to be determined who will carry out your final wishes pertaining to your estate. This should be a person you trust and someone who will abide by what you want instead of trying to change the details of how your estate is divided. You also need to have a medical power of attorney listed in the event that you are not physically or mentally able to make final decisions. A living will is a good idea to have as well as this will give your family directions as to what you want if there are circumstances that arise relating to life or death decisions that need to be made.