Estate planning and writing a will can help make your loved one’s life easier and less stressful in difficult times. Working with an attorney on estate planning can help your loved ones avoid uncertainty, probate, and will contention.
I offer a variety of estate planning services in northern Mississippi, including:
• Wills
• Trusts
• Power of Attorney
• Living Wills
There are a variety of different aspects that can be a part of estate planning. What you need will depend on the assets in your estate and your beneficiaries. Campbell Law may be able to assist you in your estate planning needs. Contact us today to learn more about what our estate planning attorneys may be able to do for you.
Having a will determines who gets control of what assets when you pass away. In your will, you inventory your estate, outline all existing debts, create a plan for paying off debts and creditors, distribute assets to beneficiaries, and name a guardian for any minor children.
Your property will be divided among your spouse and children if you do not have a will and go through the probate process. Writing a will allows you to distribute assets intentionally and allows your heirs to access your assets more quickly.
A will can help mitigate disputes between beneficiaries because your wishes are clearly outlined.
A trust is similar to a will. In a trust, you can leave certain assets to specific beneficiaries.
A trustee manages assets in a trust. When assets are put into a trust, they don’t have to go through probate and may have certain tax advantages.
You can grant power of attorney for healthcare and financial matters. Giving someone power of attorney provides the legal authority for them to make decisions on your behalf if you are unable to.
A living will or an advanced directive outlines the type of healthcare or treatment you might want to receive. Doctors and medical professionals use a living will to understand your wishes.
You aren’t legally required to have a will or estate plan, but they can help your loved ones navigate difficult times and ensure that your wishes are followed.
Estate planning typically starts with writing a will. In a lot of cases, there may not be a need for anything more elaborate.
At Campbell Law, we handle estate planning, estate administration, wills, trusts, living wills, probate litigation, and power of attorney.
Estate planning can be difficult, but it’s good to be prepared. Contact me today to schedule a free consultation to discuss the details of your estate and how I may be able to help you with it.
Campbell Law Firm, P.A.