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Estate Planning with Wills and Trusts

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                <p>Planning for your estate is a very important step to
ensure that your possessions and assets are distributed with accordance
to your final wishes. The laws associated with it is considered as a body
of law created and designed to reduce ambiguity over the distribution of
an individual's estate upon death by making laws that reduce uncertainty
as to property ownership, powers of attorney, wills, trusts, and living
wills.</p>
<p>The planning process for your estate can be a difficult and serious
experience. However, this process is something that you should go through
together with a good estate planner attorney in order to devise a good
plan to prepare you for the possibility of incapacitation and death and
that all your wishes are carried out the right way. Don't hesitate to
hire a good lawyer to help you set up a Trust fund, draft a Will, and
otherwise administer the distribution of assets according to your
plan.</p>
<p>The two most common and effective means of passing over of interests
in personal or real property to another person after death are the Wills
and Trusts. In case you're not familiar, the Will is a type of legal
document that permits the management and distribution of a particular
estate upon death. It is also a type of binding document that contains
your demands and wishes which will then be recognized by the law and to
be carried out by the appointed executor. On the other hand, a Trust is
another legal document that is created and designed for another person,
the trustee, to manage your trust properties in your behalf. The trustee
will not only see to it that your properties under the trust is properly
managed but will also be responsible in transferring these estates to
named benefactors of the said trust. If you are interested in making
these documents, you should consult an estate planner attorney to be sure
they are created and designed according to your wishes and that agrees
with the laws of your state.</p>
<p>When you die intestate, this means that you failed to articulate
properly and specifically what should you want to happen to the assets
that you have left behind. This situation can make your death even more
complex, difficult, and stressful for your family and heirs. The state
will be the one to decide for the distribution of assets and also for
naming a legal guardian for your children. If you don't want to die this
way, make sure you devise a good estate plan to put everything in its
right perspective.</p>
<p>The Austin estate planning attorneys and accountants will see to it
that you will have your affairs in place. They can even help you avoid
unnecessary estate taxes and probate though carefully planned and
strategic planning. With the Austin estate planning attorneys and
accountants ready to help you, your future and the future of your loved
ones are safe and secured.</p>                <!--INFOLINKS_OFF-->
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posted:11/19/2011
language:English
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