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How South Bend Attorneys Help In Several Aspects Of Estate Planning

Author: Alvin Jones
by Alvin Jones
Posted: Apr 29, 2017

Nobody can predict with assurity about what future holds for all of us but we can at least do our part to ensure that in case of any uncertainty, we or our family members are well prepared to face the situation rather than getting bogged down by it. An individual does a lot of planning during his course of life to make his life more comfortable and safe. Similarly, death is one certainty which cannot be ignored and any person who has an estate would want to ensure that his assets are received by the people he wants to by naming them in his will. For this, they need to hire the services of South Bend Attorneys who are adept in Estate Planning.

Reluctance to plan for the future can potentially cost your estate a lots of money besides engaging your dear ones in probate and court hearings for months after an individual has passed away. A licensed and professional estate planning attorney will assist you with several aspects of estate planning, some of which are discussed below. Read to gain some knowledge about these aspects so that you can ponder upon them for future needs and requirements.

Wills : A great importance of Wills is that an individual can choose the heirs of his choice who are legally entitled to receive his estate after his demise. It is important to write and execute the will properly which can only be performed by a knowledgeable and competent attorney. Legal will allows for a proper distribution of assets and funds between the benefactors in case an individual has passed away. It is also a trusted way to avoid any disputes between the relatives that is often the case in the lack of a legal will.

Trusts : A trust is a legal arrangement between a grantor and a trustee that provides a trustee with the responsibility and control over the assets of a beneficiary or beneficiaries on his behalf. There are many ways in which trusts can be arranged and probate is usually avoided by the trusts. Some benefits of trusts include control of your wealth, protection of your legacy, and ensure privacy of the distribution of your assets by allowing them to pass outside of probate.

Power Of Attorney Agreements : Estate Planning Attorney South Bend help individuals to form legal Power of Attorney agreements that allow them to entitle another person of their choice with legal authority to act on his behalf in legal or financial matters. The person who has been given the authority to act on the grantor's behalf is also called as an "agent" or "attorney". The valid power of attorney agreement needs to fulfill certain requirements to get recognition and approval of the legal authorities of the state.

Funeral Arrangements : You can plan your funeral arrangements in advance by hiring the services of an efficient estate planning attorney. The more things you plan for your funeral, more costly it will be. You can cover the costs of your funeral well in advance so that your near and dear ones do not get overwhelmed and burdened by the sudden and unexpected expenditure.

About the Author

South Bend Law Firms will help you navigate the legal challenges you're facing. From business law to family law and estate planning, we'll meet your legal needs.

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Author: Alvin Jones

Alvin Jones

Member since: Apr 28, 2017
Published articles: 1

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