In our last blog post our estate lawyer in Cary NC stated that a will allows you to take of your children financially in the manner you want. You can create a trust they will only be able to access when they are of a certain age, or when they complete a major life event such as graduating from college or getting married. You can even name a trusted friend to take care of the accounts until they are of age if there is not another parent to do so, if you do not want to burden him or her with that responsibility.
Reasons to Make a Will | Estate Lawyer in Cary NC
Having a will is one of the most important things you can do, especially if you have loved ones you want to provide for and protect when you are not around anymore. It can seem like a chore to create one, but once it is done you can have peace of mind knowing that your wishes will be carried out.
In the last post, we discussed one of the most important reasons for creating a will, which is to protect your family, especially if you leave behind children. Now let’s look at a few more reasons why having a will is important for everyone, no matter how large or small the estate.
Part of protecting your family is keeping them from having to go through the hassle of legal processes in order to get your affairs in order. If you do not have a will, your estate will have to go through the probate process, which can be time consuming and costly. You can avoid a delay in when your family receives benefits from your estate by having a will. Avoiding the probate process can also keep your affairs private. When your estate is probated, it becomes public record.
If you have a will, you can make sure that people you do not want to benefit will not. If it is left up to the court, then state law can determine who gets your assets. If you are divorced but do not have a will, there is a chance your ex-spouse could inherit your estate.
To learn more, visit our next blog post.
Eldreth and Eldreth | Estate Lawyer in Cary NC
As always, please contact us with any questions or concerns you may have concerning legal issues. Also, contact our estate lawyer in Cary NC to schedule a consultation if you have yet to start estate planning. 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 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 today to get started estate planning.
In addition to estate planning, our lawyer is here to help you with all your small business needs, trademarking, copyrighting, or DWI issues.