No matter what your situation is, there are estate planning tips for everyone! Whether you're married with children, divorced, remarried, or single, you will find a couple of tips below that can help you when planning!
Tips for Estate Planning in Raleigh NC for All!
- When writing a will, you should decide who you want to inherit your assets. If you are married, it may be your spouse. If you have children, you may want to ensure they are taken care of. If you do not have immediate family, you can designate other loved ones or even a charity as an heir. Keep in mind that if you have life insurance policies or a retirement plan where you can name a beneficiary, you will need to make sure both documents reflect the same person. If your will names one person but your policy names another, the policy could work over the will.
- A will needs someone to execute it, which is also known as a personal representative. You should appoint someone you trust to administer your estate. It can be a complex and time-consuming undertaking at times, so make sure the person you choose is up for the task. One way to make it easier for your personal representative is to have all of your estate planning documents available.
- Sometimes, estranged family members and difficulty getting along with loved ones is a problem. You might worry about what will happen to your last wishes, in this case. Sometimes, parents do not get along well with their adult children. Anxiety can set up when thinking about the future of your assets. However, working with a lawyer can help. A lawyer for estate planning in Raleigh NC is loyal to you and your wishes. In this case, they can work against estranged children were siblings that might get in the way of your last wishes.
- If something should happen and you are not able to make financial or medical decisions on your own, you may want your spouse to be able to take over. A power of attorney gives someone rights to make financial decisions in the case that you become incapacitated. A healthcare directive gives someone the ability to make medical decisions for you if you are not able to make them. Most couples may designate each other, but anyone can be named.
In our next blog, you'll find more tips for estate planning in Raleigh NC that might fit your needs. Be sure to stay tuned! Also, contact our lawyer if you have any questions about estate planning or wills.
Klish and Eldreth, PLLC | Estate Planning in Raleigh NC
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also, contact us 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, our lawyer is here to help you with all your legal matters, whether it be entertainment law, trademarking, copyrighting, or DWI issues.