If you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate lawyer in Cary NC is here to help you get your estate planning in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Consider the tips below so you don’t make any mistakes in estate planning!
Estate Lawyers in Cary NC Talk Things to Avoid!
Review Documents Once a Year While it’s important to review your estate planning documents once a year, you can extend that period to once every two years. It’s important to record and update any major life changes such as buying a home, divorce, child birth, marriage and more. Life changes each year, making sure you document these changes is key.
Review Financial Accounts It’s important to consider reviewing your financial status, as well as overall estate planning in Raleigh NC. This should be done once a year; especially for seniors. Consider using a spreadsheet to help you track and update each and every belonging you have to account for.
Select an Executor In the event of your death, someone will be responsible for carrying out your wishes within your estate plan. This person can be a spouse, best friend or other loved one that you trust. They should also be in a good mental state and able to make decisions on your behalf. This will be an emotional time and could be difficult for your spouse and other loved ones. Take that into consideration when choosing your executor.
Work With an Estate Lawyer in Cary NC We’ve said it before, but many people choose not to work with a lawyer. They think they have a good idea of the things that should be included or updated within an estate plan. Unfortunately, that doesn’t mean that everything is covered without issues. Trusting an estate attorney in Raleigh NC might be a great way to ensure your plan is legal, covers every avenue and won’t cause your loved ones unnecessary problems after you’re gone.
When estate planning, procrastination is the number one issue people might have. They think that there will always be tomorrow. While that might be true, it’s not guaranteed. Making sure we plan accordingly for the unexpected should be a priority. Take time to create a power of attorney, trust, living will, will and other important estate planning documents ASAP. We don’t like to think about an untimely death, but it can happen. Be prepared for that. Contact our estate lawyer in Cary NC today to get started on your estate planning and updates!