Welcome back! We are here to recap more on a previous blog post that can help newlyweds understand how to get an estate plan together! Below, you'll find things to consider adding. To learn more or talk with our attorney in Raleigh NC, contact us!
Attorney in Raleigh NC Talks Newlywed Estate Planning!
Update your policies - Once you’ve taken care of your life insurance, don’t forget to update your other policies as well. These include retirement accounts such as 401ks, IRAs or other investment accounts.
Create powers of attorney - If something should happen and you are not able to make financial or medical decisions on your own, you will 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 health care directive gives someone the ability to make medical decisions for you if you are not able to make them. Most couples will designate each other, but anyone can be named. For more information, visit our original post, here.
Plan for the care of children and pets - If you have children from a previous marriage, children together, or own pets, you will need to plan for their care should something happen to both of you. A will can outline who you want to become guardians of your children or pets. You can also plan how your assets will either be distributed to your children or used to help care for them.
Missed our previous blog? Visit back with it, here. You'll find even more tips from our attorney in Raleigh NC.
Eldreth Law Firm, PLLC
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.