October 1, 2017
by Raleigh Lawyer
Comments Off on The Probate Process

The Probate Process

Probate is a legal process that may happen upon death. The process occurs so that assets were transferred to beneficiaries, creditors are paid and A will can be proved valid. It also helps with identifying property, belongings and other things that the deceased person owned.

Sometimes, probate can be computing. There are several terms that are used throughout this process that may be overwhelming and difficult to understand. Below, you will find many of those terms and their definitions. In our next blog post, we will talk about these terms and definitions. Be sure to check back soon.

The probate process, as well as estate planning and making sure your documents are valid and overwhelming and stressful situation. That’s why our lawyer in Raleigh NC might be able to help. If you are interested in talking with ours, be sure to contact us. We are here to help you through this difficult time.

Here, you’ll find more blogs that help you understand the probate process:

When a person dies, their assets are distributed to creditors and beneficiaries. The court supervises this probate process in order to ensure that the bills of the deceased person, also known as the decedent, are paid and that the remainder of their assets goes to the heirs. The laws of probate are governed by the state in which the person lived when they died. This process can be confusing. Don’t assume you have to deal with it alone. Let our lawyer in Raleigh NC help.

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 lawyer is here to help you get your estate planning in Cary 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. Call now to talk with our lawyer in Raleigh NC.

September 29, 2017
by Raleigh Lawyer
Comments Off on End of Year Estate Planning, Part Three

End of Year Estate Planning, Part Three

Are you hoping to make changes and updates to your estate plan before the end of this year comes? If so, our estate lawyer in Cary has information that can help you ensure you’re making the right changes.

End of Year Estate Planning | Estate Lawyer Cary

Below, you’ll find tips that can help you with your updates and changes! If you have questions, contact our estate lawyer in Cary!

  • Review the beneficiaries named in your will to ensure they are still receiving the request that you wish to leave them.
  • Review the person(s) designated as your financial POA and health care POA to see if they are still the people you want representing your interests should you become incapacitated. If they have had a major life change regarding where they live or their health, you may want to consider naming other people to handle your affairs.
  • If you don’t make any changes in who is designated to handle your estate or make decisions about your health on your behalf, you may still want to make sure he or she knows the responsibilities and is still up to the task.
  • If you don’t make any changes in who is designated to handle your estate or make decisions about your health on your behalf, you may still want to make sure he or she knows the responsibilities and is still up to the task.
  • It is important to make sure the information in your estate plan is accurate, not only so that your wishes can be carried out but so that the tax information is correct.
  • Keep in mind that if you had an increase or decrease in your assets it could affect how your estate is taxed at the state or federal levels. Your estate planning should factor in these taxes so that your estate won’t be depleted before it even reaches your beneficiaries. Changes in your estate could affect how it will be divided.

Be sure to stay tuned for more tips on things that should be revised or changed at the end of the year!

Please feel free to contact us with any questions or concerns you may have about estate planning. Also, contact our estate lawyer in Cary 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 estate planning, small business, trademarking, copyrighting, or DWI issues.

September 27, 2017
by Raleigh Lawyer
Comments Off on End of Year Estate Planning, Part Two

End of Year Estate Planning, Part Two

Welcome back. We are here to talk more about estate planning in Raleigh and things you should consider updating at the end of each year. Doing so before the beginning of a new year starts is an easy way to remember that changes should be made. It’ll also help you start out a new year on the right foot.

Things to Consider | Estate Planning Raleigh

Documents to consider revising or updating:

  • Disability plans, including power of attorney (POA), healthcare POA, and advanced directives
  • Letters of direction
  • Revocable and irrevocable trusts
  • Wills

Ask yourself the following questions at the end of each year. This should help you get an idea of what should be considered for updates:

  • Did you buy or sell real estate in another state?
  • Did you get married or divorced?
  • Have you started or sold a business?
  • Have your assets increased or decreased?
  • Was there a birth or death in the family?

To learn more, be sure to visit with our next blog post. There, you’ll find more information about estate planning in Raleigh so that you can get your documents updated and revised by the end of this year.

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 attorney is here to help you get your estate planning in Raleigh 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. Contact our attorney in Cary NC to get started estate planning, today.

Klish and Eldreth | Estate Planning Raleigh

As always, feel free to contact us with any questions or concerns you may have about estate planning. Also, contact our attorney 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 attorney is here to help you with all your legal matters, whether it be estate planning, small business, trademarking, copyrighting, or DWI issues.

September 25, 2017
by Raleigh Lawyer
Comments Off on End of Year Estate Planning, Part One

End of Year Estate Planning, Part One

Our estate lawyer in Raleigh is here to talk about end of year estate planning and how you can get your will and other documents updated before 2018 rings in. Over the course of the next few blog posts, you’ll find a lot of information that will be useful. When you’re ready to start updating, contact our lawyer. We can help.

Estate Lawyer in Raleigh Talks Estate Planning Updates for Year End!

There are things that should be done each year to ensure your estate plan is ready in case it’s needed in an untimely manner. There are updates that can be made to make sure it’s valid.

To learn more about these updates, visit with our next blog post. There you’ll find more information from our estate lawyer in Raleigh. If you have questions, contact us.

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. Contact our lawyer in Cary NC to get started estate planning, today.

Klish and Eldreth | Estate Lawyer in Raleigh

As always, feel free to contact us with any questions or concerns you may have about estate planning. Also, contact our estate lawyer in y  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 attorney is here to help you with all your legal matters, whether it be estate planning, small business, trademarking, copyrighting, or DWI issues.

September 23, 2017
by Raleigh Lawyer
Comments Off on Understanding Legal Terms, Part Five

Understanding Legal Terms, Part Five

If you’re looking to learn more about legal terms and how to understand them, you’ve come to the right place. Our estate attorney in Cary NC is here to give you more information about these confusing terms.

  • Property – Anything subject to ownership.
  • Probate Tax – A tax imposed on property passed to someone else per instructions outlined in the deceased’s will.
  • Probate – A court-supervised process of proving that a will is valid and then distributing the assets under the terms outlined in it in accordance with the state laws.
  • Private Trust Company – Also known as a family trust company, this entity is formed by a family to serve as a trust for the estates and trusts of extended family members.
  • Principal – The property in a trust that generates income and is used to benefit the trust’s beneficiaries according to the terms of the trust.
  • Power of Attorney – A document that gives a person the authority to act on the behalf of another person, making legal and financial decisions for them. It terminates when the person dies unless it is noted as “durable.”
  • Power of Appointment – Power given to a beneficiary under the terms of a trust that allows him or her to make decisions about the property.
  • Heir – The person entitled to the assets of the deceased under the state law when a will is not available. It is not the same as a beneficiary, but they can refer to the same person.
  • Health Care Power of Attorney – A document that names an individual to oversee the medical decisions of an individual who is incapacitated. Also known as a “health care proxy.”

Klish and Eldreth | Estate Planning Attorney Cary NC

Need help with estate planning? Contact us. An estate planning attorney in Cary NC will be able to review your situation and provide the best solutions that will meet your needs and will also be legally sound. We may also suggest other things that you may not have considered before. This might include creating a durable power of attorney or a healthcare directive. These documents can give guidance in situations where you may not be able to make decisions on your own anymore. There are many facets to an estate plan. Klish and Eldreth can talk with you about your situation and help guide you in creating a plan that meets your needs. Contact us, today.