Planning for the future can be a daunting task for any individual, regardless of the size of their bank account. Many would agree that making plans for something to occur after they pass away is not exactly number one on the priority list; this is simply because it’s scary to come to terms with the fact that life as we know it is finite.
The old saying “an ounce of prevention is worth a pound of cure” fits perfectly as the cornerstone for estate planning.
In Alabama, there are several different mechanisms available that when used properly, are effective in safeguarding your assets and ensuring they are disposed of according to your wishes. Oftentimes, thorough, yet minimal, well-structured estate plans will greatly reduce the amount of money and time that accrues from an estate being tied up in probate. In addition, structuring a plan that minimizes your tax liability and expenses that arise during your later stages is key in helping you and your beneficiaries save money by retaining the value of your assets.
Estate planning is for individuals who realize that it’s not about what you make, but how much you keep.
Our firm specializes in estate planning and we look forward to helping you with yours.