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Safeguarding Your Future With Strategic Legal Solutions

Secure Your Future With Our Estate Planning And Administration Attorneys

A will is a document that sets forth your provision for your spouse, children, heirs or beneficiaries. It is an important document for any person to utilize. If you do not have a will, the state will decide how your estate will be distributed. Protect and provide for your family, spouse and children. Contact the law firm of Crislip Philip, by telephone or email today to start preparing for the future. In addition to drafting wills and other estate planning documents, our Memphis firm also provides comprehensive guidance in estate administration.

What Is The Difference Between Estate Planning And Estate Administration?

Estate planning involves creating a strategy for distributing your assets during your lifetime and after your passing. Wills and trusts are common estate planning tools. 

Estate administration, on the other hand, focuses on managing and settling an estate after someone has passed away. It can involve going through formal probate or other methods such as small estate proceedings.

Whichever of these two important and impactful processes you are navigating, having strong legal guidance can be invaluable. Our knowledgeable attorneys are fully prepared to assist you with your unique estate planning or estate administration needs.

The Full Range Of Estate Planning Documents

Some other documents that should be considered in estate planning, which our firm can assist you in preparing:

  • Will: A written document for the distribution of the deceased’s property.
  • Living will (advance care directive): Authorizes another individual to make medical/health care decisions for you if you become incapacitated and cannot make those decisions for yourself.
  • Durable power of attorney: Appoints an individual to make financial decisions if you become too ill to make those decisions on your own behalf.
  • Health care power of attorney: Gives authority to a person to make decisions regarding your health if you become too ill to make those decisions.
  • Revocable trusts: Allows the creator (grantor) of the trust to transfer title to his/her assets during their life into the name of the trust, while retaining authority and control over those assets for his/her remaining lifetime.
  • Special-needs trusts: This instrument is specially designed to maximize the assets for the benefit of a disabled individual without impacting government benefits.
  • Tax planning: Helps you ensure your wishes are complied with and that your loved ones are provided for.
  • Planning for minors/guardianships: Designates who you would want to care for and raise your child/children.

Whatever your estate planning needs, failure to have an effective plan in place can result in many negative consequences, such as your assets not being distributed according to your wishes at the time of your death. Our assistance will remove this possibility. Your plan will be honored after you are gone. We also represent clients serving as personal representatives to estates going through probate.

The Time To Start Is Now

Don’t procrastinate when it comes to establishing an estate plan or preparing for the estate administration process. Contact the law firm of Crislip Philip for help. Call 901-201-5078 or toll-free 800-335-9613 to reach our Memphis office.