Estate Planning For Couples Without Children | Estate Lawyers in Cary NC
Married couples without children will generally leave everything to their spouse upon death. But what happens if both die at the same time? Who gets the estate when the second person passes away? These are questions a childless couple might need to consider. Our estate lawyers in Cary NC are also here to help you make a decision. Contact us with any questions you might have.
Having an estate plan will solve two potential dilemmas if you are married without children– it will determine where your assets will go and who will handle your financial and/or medical affairs if you or your spouse becomes incapacitated. These tasks usually fall on the children, so if you are a couple without kids, you will need to decide who you want to represent your interests.
An estate plan, which can be completed with the help of an attorney who has handled these situations, can help ease the worry about what happens to your assets when you don’t have children. If you leave it up to state law, the state could actually end up with your assets if you don’t have other immediate family members.
The simplest way to protect your assets is to create two wills that leave everything to the other spouse upon death, and then designates where assets will go if both of you die at the same time. It should also note where they will go when the surviving spouse passes away. Your estate can go to nieces, nephews, other family members, or caregivers. You can also set up a charitable trust to give money to an organization that you want to support.
We hope these tips help you understand why estate planning, despite not having children is important. Please contact our lawyers if you have any questions. Also, be sure to visit back with our next blog post as well, as you'll find other tips.
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 plan 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 estate planning. Contact our office, today, to get started.
Eldreth and Eldreth PLLC | Estate Lawyers in Cary NC
Our law office offers various types of legal services for you. While we do offer estate lawyers in Cary Nc, we also handle other types of legal needs, as well. Whether it’s entertainment law, family law, small business law or others, we are available to help you through your legal situation. Contact us to make an appointment.