Wills And Probate Are Universal Needs

It is often said that the two sure things in life are death and taxes. Almost no one likes to think about death, but realistic and practical financial planning must include end-of-life planning. Estate planning is simply an extension of lifelong financial management. Careful planning can reduce expenses — including taxes — and facilitate a smooth transition of assets after a death in the family. Don't forget to update your estate plan after a divorce or other changes in the family.

The most basic plan concerning your assets after death is designation of how they should be distributed. A will allows you to make that decision. Without a will, the state will distribute your assets according to state law — not necessarily as you would have wished.

Why You Need A Will Regardless Of Your Age Or Stage In Life

Obviously, everyone should have a will. If you die without a will, your family or other beneficiaries will face costly, time-consuming and unnecessary obstacles and legal processes. By creating a will and updating it regularly, you have the opportunity to help your family or whoever takes care of your estate. If you have minor children, you can designate a guardian or guardians for them in your will.

Other Components Of Estate Planning

Well-thought-out estate planning includes components besides a will. In addition to a will, you should have a health care directive and powers of attorney. Some people also incorporate trusts in their wills.

At Neyman Law Firm, PLLC, in Hernando, Mississippi, you will find an attentive lawyer who can walk you through the process of creating or updating a will to:

  • Prevent family disputes over your assets after death
  • Help those who care for you in your final days
  • Preserve assets as they transfer to the next generation
  • Inform a court of your choice for a guardian or guardians of your children, if both parents should pass away while they are still underage

Estate Administration

Perhaps you are the one responsible for carrying out the wishes of a family member who died recently. As the executor or personal representative of the estate, you have responsibilities. Attorney Joseph D. Neyman Jr. can guide you through the probate and estate administration process. He can ensure that you fulfill your obligations in an accurate and timely manner aimed at releasing the proceeds of the estate as soon as possible with all necessary steps completed correctly.

For Advice On Wills And/Or Probate, Contact Neyman Law Firm, PLLC, In Hernando, Mississippi

Call Neyman Law Firm, PLLC, in Hernando, Mississippi, at 662-298-1973 or send an email to request a consultation on these important topics.