Tips for Estate Planning From Our Lawyer in Raleigh NC
Have you thought about an estate plan recently? If not, there are many reasons why you should consider drafting one as soon as possible. Making sure you legally plan for what should happen to your belongings, children and pets, after you die will ensure that your wishes are carried out, even when you aren’t there to oversee the process.
Those that have an estate plan but haven’t reviewed or updated in awhile should consider doing so, as well. Life brings about changes all the time. If those things aren’t reflected in your estate plan, it might be considered void upon your death. If your plan is out of date, your planned wishes may not be carried out in the way you had hoped.
Over the course of the next few blog posts, we are going to offer you a few estate planning tips that will help those that have yet to start planning and those that need to make some updates.
TOD (Transfer-on-Death)
Sometimes, certain accounts (bank savings, individual brokerage accounts) are probated. This can cause an issue that is time consuming and costly. Talk with your lawyer in Raleigh NC to find out if you can avoid this probate process by using a TOD feature.
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.
Will
Are you over the age of 18 and still don’t have a will in place? If so, consider drafting one. A lawyer in Raleigh NC can help you get everything documented and finalized. It’s never too early, or too late, to create your estate plan, but the sooner the better.
Our estate lawyers in Raleigh NC are here to help you get your estate plan in order so that everything will be 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. Contact our lawyer in Raleigh NC to get started estate planning, today.
Eldreth Law Firm, PLLC
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact our lawyer in Raleigh NC to schedule a consultation if you have yet to start estate planning. It's never too early to make plans for your wishes upon death. In addition, we are here to help you with all your legal matters, whether it be divorce, child custody, trademarking, copyrighting, or DWI issues.
If you missed our other blog posts in this series, be sure to visit back with previous articles, as well, to learn more:
