Spanish Speaking Wills Lawyer Phoenix AZ
A Spanish speaking wills lawyer Phoenix, AZ residents trust from Kamper Estrada understands and appreciates that every estate has its own unique factors, and thus, needs. When you are creating an estate plan, it must be thoughtfully created so that it meets your own objectives. The most common documents used to carry out an estate plan is a last will and testament, a revocable living trust, powers of attorney, and guardianship.
Some people will include a charitable trust in their plan, others might incorporate a business succession plan in their estate plan, and others might wish to do everything possible to avoid the probate process. Regardless of what you need, failing to plan ahead can lead to undesirable results.
Moreover, your assets could end up in the hands of people you did not intend to leave your assets to, or your assets could be reduced by administrative expenditures and estate taxes. If this is not something you are wishing for, consider speaking with a Spanish speaking wills lawyer in Phoenix from Kamper Estrada right away.
Ensure Your Assets Are Legally Distributed with a Will
A will is a legal declaration that is typically drafted by an estate planning lawyer and names a personal representative, or executor, to manage your estate, per your instructions, upon your death. A will is not a one size fits all estate planning tool, and there are things that it cannot do. To ensure you are doing what is best for you and your loved ones, consider what a will can and cannot do:
- A will does not avoid the probate process
- A will can nominate a legal guardian for minor children
- A will can include directions as to how your estate should be administered and who will receive your assets
Not everyone will be best suited to a will. Thus, it is important to talk with a Phoenix, AZ Spanish speaking wills lawyer who can explain how a will functions and what to expect from the probate process.
The Probate Process
The probate process is part of the estate administration and essentially begins with the death of the testator (person who drafted the will). In some cases, it can occur when the testator has become incapacitated. The plan becomes executed as soon as the executor steps into action and begins to abide by your instructions.
As your Phoenix Spanish speaking wills lawyer in AZ may explain during a consultation, the probate process can be complicated, depending on the circumstances of the estate. In general, it can help to have a lawyer who is knowledgeable about probate on your side to prevent mistakes from happening.
For example, the executor may need to make very important decisions, and often quickly. One mistake could have extensive ramifications. Steps of the probate process may include conducting an inventory of all the assets, notifying creditors, paying off debts, preparing tax returns, and more. Once all debts have been settled, the remaining assets will be distributed according to the terms of the will.
Estate administration carries ample responsibility. Whether you are wishing to draft an estate plan or you would like to ask an AZ Spanish speaking wills lawyer in Phoenix to guide you through the probate process, please call Kamper Estrada today.