Huntsville Trusts Lawyer
You work hard to ensure that you and your family are well provided for and that you have everything you need to succeed. But what happens if the worst case scenario happens and you pass away? How will you ensure that your family receives your property and other assets? One of the answers is something called a trust. You can create a trust with an experienced attorney in Alabama to help make sure that everything goes as planned after you (or a loved one) pass.
Sara Doty, Attorney at Law, LLC, is an experienced attorney with knowledge in a variety of different legal fields. This includes estate planning probate, which means that she understands how to ensure your rights and terms are upheld even once you’re no longer able to fight for them in person. Even more than that, however, is the fact that Sara approaches every situation with the utmost compassion and dedication to her clients and works hard to make their experience a quick and pleasant one.
What is a trust?
A trust refers to an arrangement where one person, known as a trustee, is granted the legal title to various kinds of property that is to be handed down to another individual, known as the beneficiary. You trust that the individual in question will carry out your wishes, in other words, and work with an experienced lawyer to create the legal documents to ensure that they do so. You might have also heard of the term “living trust”. A living trust is simply a trust you create when you are alive as opposed to one that goes into effect after your death.
Do I need a trust and a will?
Many individuals think that they can simply have one or the other – that they can invest in a trust or in a last will and testament and that this will ensure their wishes are carried out after they pass. Do not make this mistake! It is important to have a will as well as a trust. You can think of a will as a “backup plan” should something go wrong with your trust or simply not make it into your trust. You can even use a will to disperse property that wasn’t named in the trust at all. A will can serve as a “catch all” for anything that isn’t explicitly named in your trust. Without one, that property is subject to Alabama’s “intestacy” laws. Under these laws, your property would be distributed amongst your close relatives.
Is it difficult to create a living trust?
It is not difficult to create a living trust – not with an experienced attorney who understands how to make the process a quick and easy one. It is an important option to consider when you begin making plans for the disbursement of your property after your death, and can save your loved ones a headache in the long run.
For more information regarding trusts and how they work, contact Sara Doty, Attorney at Law, LLC, today! Call us for an initial consultation at 256-519-9970.