Providing Financial Security for Your Loved Ones
Wills and trusts are some of the most frequently-used tools found in an estate plan. With a properly drafted estate plan, you can ensure your assets are distributed the way you want in the event that you pass away or become incapacitated. At Napoleon Law Firm, PLLC, we proudly provide personalized, attentive counsel to help establish a concrete and legally enforceable plan to carry out your final wishes.
Find out more about how these options could benefit you by contacting our Memphis wills and trusts attorney today.
The Purpose of Estate Planning
Estate planning is especially essential for anyone with dependents. If you care for children, elderly parents, or disabled adults, a will or trust can provide for their long-term care for years after you are gone. Your beneficiaries depend on you, the trustee, to foresee and fulfill their future needs. Our experienced lawyer can help you do just that.
Wills and trusts both provide instructions for the distribution of your estate; however:
- A trust goes into effect immediately. A trust can include money, property, and investments. Sometimes, trust administration avoids passing through probate upon the trustee's death.
- A will does not go into effect until you pass. Items that can be included in a will are similar to that of a trust, though you can also designate inheritors of family heirlooms and outline childcare directives for minors.
So long as you have grouped all your assets into your trust, your beneficiaries will likely avoid probate. Wills always proceed through probate court before the terms can be carried out.
Do I Really Need a Lawyer to Draft a Will?
Sometimes, clients are more interested in drafting their own wills and having us look over the documents to make sure they have been done well. We offer our experienced guidance in these situations, making sure they have not missed any key details.
It is essential to have a seasoned lawyer review your will because if the court decides any part of it is not legally binding, your entire will might be subject to scrutiny. This can make an already lengthy and emotional process a much more problematic one to navigate. You can trust our Memphis wills and trusts lawyer to provide you with the effective representation you deserve.
Protect your family by working closely with Napoleon Law Firm, PLLC. Call us at (901) 805-2260 today to schedule your free initial consultation. We also serve Cordova, Shelby County, and the greater Memphis area.