Best Estate Planning Lawyers in Fairbanks

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

We haven't listed any Estate Planning lawyers in Fairbanks, United States yet...

But you can share your requirements with us, and we will help you find the right lawyer for your needs in Fairbanks

Find a Lawyer in Fairbanks
AS SEEN ON

United States Estate Planning Legal Questions answered by Lawyers

Browse our 2 legal questions about Estate Planning in United States and the lawyer answers, or ask your own questions for free.

My husband passed away five years ago. We have a property in th Philippines and I would like to transfer everything to my child. We are now residing in California, as U.S. citizens and my late husband a Filipino citizen.c
Estate Planning
Civil & Human Rights
Probate
Hello:We are sorry to hear about the passing of your husband, and we extend our deepest condolences.Regarding your concern, since your husband was a Filipino citizen and you are now both U.S. citizens residing in California, the property transfer to your child in the Philippines can be lawfully facilitated under Philippine succession laws.Here are some important legal points and possible remedies:1. Extrajudicial Settlement of Estate (if there is no will)If your husband died intestate (without a will), and there are no other compulsory heirs aside from your child, you may execute an Extrajudicial Settlement of Estate with Waiver of Rights in favor of your child. This must be:Signed by you as the surviving spouse,Notarized and registered with the Registry of Deeds,Accompanied by a notarized Affidavit of Self-Adjudication or Waiver, if applicable.If the property is titled in your husband's name, the title must be transferred first to the estate, and then to your child.2. Judicial Settlement (if there is a dispute or complications)If:There are other legal heirs,There is no agreement on the partition,Or if a will exists that needs probate,Then a petition for judicial settlement must be filed before the Philippine court having jurisdiction over the property.3. Tax Clearance & Title TransferTo legally transfer the title, the following must also be secured:BIR Certificate Authorizing Registration (CAR),Estate tax clearance,Updated real property tax payments,Transfer of title with the Registry of Deeds.We recommend an initial consultation so we can properly review your husband’s death certificate, property documents, marriage certificate, and your child’s proof of identity. This way, we can assist you in completing all required steps without requiring you to travel to the Philippines.You may directly schedule and automatically get a Google Meet link using the link below:👉 https://calendar.app.google/MuALV3nLqedy9FCx6Our Contact Information:📧 Email: [email protected]📞 Phone/Viber/WhatsApp: 09175046510📍 Office: 5th Floor, Park Centrale Building, IT Park, Apas, Cebu City, 6000We look forward to helping you secure your child’s rightful inheritance.Best,Atty. Jofre RecososaOwner, Recososa Law Firm
How to protect property from squatters law
Estate Planning
Elder Law
Landlord & Tenant
After completing probate to establish yourself as the legal heir, you can transfer the property title to your name and then grant them permission to reside there through a formal agreement.It is worthy to note that you can do it through special attorney.

About Estate Planning Law in Fairbanks, United States:

Estate planning refers to the process of arranging for the disposal of your assets after your death. In Fairbanks, United States, estate planning involves creating a will, establishing trusts, naming beneficiaries for your assets, appointing guardians for minors, and minimizing estate taxes. It is essential to have a comprehensive estate plan in place to ensure your wishes are carried out and to protect your loved ones.

Why You May Need a Lawyer:

There are several situations where you may require legal help with estate planning, such as if you have a large estate with complex assets, if you want to minimize estate taxes, if you have minor children and need to appoint guardians, if you want to establish a trust, or if you want to ensure your assets are distributed according to your wishes. A lawyer can help you navigate the estate planning process and ensure your plan is legally valid.

Local Laws Overview:

In Fairbanks, United States, estate planning laws govern how assets are distributed after death. Some key aspects of local laws relevant to estate planning include probate laws, tax laws, trust laws, and laws regarding powers of attorney and healthcare directives. It is crucial to understand these laws and how they impact your estate plan.

Frequently Asked Questions:

1. What is the purpose of estate planning?

Estate planning allows you to arrange for the disposal of your assets after your death and ensure your wishes are carried out.

2. Do I need a lawyer for estate planning?

While it is possible to create a basic estate plan without a lawyer, consulting with an estate planning attorney is recommended, especially for complex estates.

3. What is probate?

Probate is the legal process of validating a will and distributing assets according to the terms of the will or state laws if there is no will.

4. How can I minimize estate taxes?

Estate taxes can be minimized through the use of trusts, gifting strategies, and other estate planning tools. Consulting with a lawyer can help you develop a tax-efficient plan.

5. What is a trust?

A trust is a legal arrangement where a trustee holds assets for the benefit of beneficiaries according to the terms of the trust document.

6. Can I change my estate plan?

Yes, you can update your estate plan at any time. It is recommended to review your plan regularly and make changes as needed due to life events.

7. What happens if I die without an estate plan?

If you die without an estate plan, your assets will be distributed according to state laws, which may not align with your wishes.

8. How can I appoint guardians for my minor children?

You can appoint guardians for your minor children in your will. It is important to discuss this decision with the chosen guardians beforehand.

9. What is a power of attorney?

A power of attorney is a legal document that authorizes someone to make financial or healthcare decisions on your behalf if you are unable to do so.

10. How can I protect my assets from creditors?

Asset protection strategies, such as creating trusts and limited liability entities, can help safeguard your assets from creditors. Consulting with a lawyer can help you develop a plan tailored to your needs.

Additional Resources:

For more information on estate planning in Fairbanks, United States, you can contact the Fairbanks Bar Association or visit the Alaska Court System website for legal resources and forms related to estate planning.

Next Steps:

If you need legal assistance with estate planning in Fairbanks, United States, consider contacting an experienced estate planning attorney. They can help you create a comprehensive estate plan tailored to your needs and ensure your assets are protected. Schedule a consultation to discuss your estate planning goals and develop a plan that aligns with your wishes.

Lawzana helps you find the best lawyers and law firms in Fairbanks through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Estate Planning, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Fairbanks, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.