December 1, 2016
by Raleigh Lawyer
Comments Off on Estate Planning Resolutions for the New Year

Estate Planning Resolutions for the New Year

If you are starting to think about resolutions for the new year, do not forget to include a review of your estate plan. The previous 12 months may have brought about changes that need to be addressed in your will, insurance policies, and other important documents in your estate plan.

Resolutions | Estate Lawyer in Cary NC

Make an appointment with your attorney to review your estate plan to ensure that you ring in the New Year knowing everything is in order. If you do not have an estate lawyer in Cary NC, call us at Klish and Eldreth. We can help update or create your estate plan.

Here a few things you do not want to overlook as you review your estate plan:

Major life changes.

Did you get married or divorced? Update your will, insurance policies and retirement accounts to reflect the change in your beneficiary, unless you want your former spouse to inherit your assets. Even if you change it in your will, your policies and accounts should also be changed because they can override what your will designates.

If you had or adopted a child, you will probably want to change your estate plan to include the new addition so he or she will be cared for if you pass away.

If you have a child who has reached age 18, and who is listed as a beneficiary, you may need to update your designations to show that he or she is able to receive assets now that he or she is of legal age.

If you named someone who died or has become ill in the previous year as an heir or gave them power of attorney, you will need to update your plans with a new person who is able to carry out the duties.  

Sometimes people leave money to organizations they support. If you are no longer involved with them, you may want to update your will to reflect it.

 

It is also wise to check for any changes in state law that may affect your plans and how your assets are distributed. There could be tax laws that change your distribution plans.

Our estate lawyer in Cary NC at Klish and Eldreth is ready to help you with your New Year’s estate planning resolutions. Give them a call today.

Klish and Eldreth

Remember, 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 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 office.

As always, feel free to contact us at our office to schedule a consultation with if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and  DWI issues.

November 30, 2016
by Raleigh Lawyer
Comments Off on Estate Planning Things to Do in 2017, Part Three

Estate Planning Things to Do in 2017, Part Three

Each year, we go over things to do at the beginning and end of the year. Below, we will recap some information that we’ve previously shared in hopes that it helps you prepare for your estate planning in 2017. If you have questions, contact our estate planning attorney in Cary NC.

Things to do in 2017 | Estate Planning Attorney in Cary NC

  • Buying and selling of major assets. Did you purchase or sell a home this year? How about open or close a business? These things must be documented in your estate plan as soon as the major asset change happens to ensure that they’ll be distributed properly should you pass.
  • Pension plans and new insurance policies. Changing insurance companies or policies should be noted in your estate plan as soon as the change occurs. If you neglected to do so, be sure to get it updated, soon. In addition, pension plans should be added, as well. It’s possible that you’ve reached the age or will reach the age where you take distributions from your pension plan. That too, must be documented in your estate plan.
  • State of residence change. Are you considering moving to a new state in 2017? Did you move to a new state in 2016? Moving to a new state can invalidate your estate plan as soon as you change your permanent address. Make sure you update your estate plan to reflect these changes as soon as you’re settled into your new location.
  • Changing tax laws. With laws change every day, it’s important to make sure your estate plan reflects any and all tax law changes that might affect your overall estate distribution.

Working with an estate planning attorney in Cary NC can help you better understand this situation. Contact us to learn more. 

Estate Planning Attorney in Cary NC

You can work with an estate planning attorney in Cary NC to plan and to have someone appointed to take care of your estate when the time comes. This can ensure that you are protected and that you wishes will be carried out even when you are no longer able to express them. If you’re ready to start planning today, contact our estate planning attorney in Cary NC. We are here to help you.

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November 30, 2016
by Raleigh Lawyer
Comments Off on Estate Planning Things to Do in 2017, Part Two

Estate Planning Things to Do in 2017, Part Two

Welcome back. Our estate lawyer in Raleigh is here to talk more about things that should be added to your estate plan, if they haven’t been already.

Things To Add  | Estate Lawyer in Raleigh

Funeral Expenses – You can set up a payable-at-death account to help fund your funeral or, you can prepay. Prepaying sometimes causes unreliable issues, so it might be best to set up an account at your bank for funeral funds. Because expenses change all the time, it’s important to make sure your account holds the correct amount for your funeral expenses. Checking the cost of various needs for a funeral annually might be a good idea.

Final Arrangements – You probably documented your final wishes and arrangements in your estate plan long ago. Sometimes, things change. You might decide to be an organ or body donor at some point. You may decide on cremation over burial. These changes must be made in your estate plan to ensure that your final wishes and arrangements are carried out. To make any changes to your final arrangement section of your estate plan, contact your estate lawyer in Raleigh.

Klish and Eldreth, PLLC are here to help you document any and all estate plan changes so that you can ensure your wishes are carried out, upon your death. For more information will help you make sure you’re wishes are documented properly upon your death, visit back with our blog, soon.

Klish and Eldreth, PLLC

Remember, 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 Raleigh 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 office.

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 are looking for new estate lawyer in Raleigh. We are here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.

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November 30, 2016
by Raleigh Lawyer
Comments Off on Estate Planning Things to Do in 2017, Part One

Estate Planning Things to Do in 2017, Part One

Are you thinking of starting your estate plan soon? If you haven’t already begun to plan, or you’re revamping your current one, there are several things that should be added to your to-do list. Below, you’ll find out what. Our attorney in Raleigh NC is here to help you.

Adding to Your Estate Plan | Attorney in Raleigh NC

Business Owners – Are you the owner of a business? If so, do you have a succession plan? Most business owners include a succession plan within their estate plan to ensure that their wishes for the business are carried out, after the pass.

Oftentimes, those succession plans change. Children don’t want to inherit the business for various reasons and more can leave you needing to change your estate plan. Make sure you talk with those who are set to inherit your business after you pass, at least once a year, to make sure they’re still interested in taking over. Document any changes to your succession plan as soon as you’ve found that they’ve changed.

To learn more, visit back with two more blogs that are continuations of this post. Our attorney in Raleigh NC will help you with things to know and add to your estate plan.

Klish and Eldreth | Estate Lawyer in Raleigh

Remember, 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 Raleigh 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 office.

As always, feel free to contact us at our office to schedule a consultation with if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and  DWI issues.

Visit other blogs in this series, below:

November 27, 2016
by Raleigh Lawyer
Comments Off on Estate Planning Updates for the New Year, Part Three

Estate Planning Updates for the New Year, Part Three

Are you thinking about planning ahead for 2017? With it right around the corner, our lawyer in Raleigh NC understands why. Our last two blog posts featured information on the importance of updating and changing your estate plan and the documents included, during the New Year. It’s important to do this so that you will be able to properly reflect any and all asset changes, beneficiary changes, and more.

Making Changes | Lawyer in Raleigh NC

The beginning of 2017 will be a great time to get started with documenting any changes that might have happened in 2016. It’s important to make sure you’ve incorporated any and all important documents in your estate plan, as you never know what may happen.

Should you pass suddenly, without a proper, updated estate plan, your assets might not go to the right beneficiary, your children might be left without a guardian, and more.

Changes to Estate Planning | Laywer Raleigh NC

  • Children – Did you welcome a new child into your family either through birth or adoption in 2014? Did any of your children give birth or adopt children in 2014? If so, this should be included in your estate plan. Also, naming a guardian for your children in case of an unexpected death is imperative. You want to make sure you’re in charge of making the decision of choosing the right guardian for your children.
  • Beneficiary Forms – You’ve probably already named a beneficiary for all bank accounts, retirement, and other financial accounts, but it’s important to look back and make sure those beneficiaries are still the ones you’d like named. Have they married or divorced recently? Did they have a child in 2014 or will have a child in 2015? If so, these things should be documented. Your beneficiary will gain access to funds immediately, with no probate process, once you pass. It’s important to keep beneficiary forms updated with proper information.

We hope this information helps you get started with planning for the New Year. If you need to meet with our lawyer in Raleigh NC about estate planning, 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 lawyer in Raleigh 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 to get started estate planning, today.

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