Estate Attorney Raleigh NC: Basics of Estate Planning
Welcome back! In our last few posts, our attorney in Raleigh NC has been breaking estate planning down to the basics. In addition to discussing detailed information we are also going back to the basics so that those who are just beginning their estate planning know what to include!
Today we are going to continue taking it back to the basics with estate planning in Raleigh NC. Our estate lawyers are here to help you make sure you start off on the right foot upon making the decision to begin estate planning.
Remember, in our last post, we mentioned that your attorney in Raleigh NC and/or your executor might need to have more information than you realize, after your passing. It’s important to make sure you leave them with every bit of information possible, so they can take care of your estate, when the time comes. Below, you'll find a few more things that should be included in your basic estate plan.
Business Protection
If you own a business at the time of your death you should include a succession plan in your estate plan. If you own a partnership, there should be a plan or buyout agreement set forth so there aren’t any loose ends upon your death.
Beneficiaries
It’s important to name a beneficiary for all financials. This helps the accounts become automatically payable upon death, to the correct person.
You can register the following to transfer to your beneficiary upon your death without any further steps, as long as you have named a specific beneficiary
- Bonds
- Stocks
- Brokerage Accounts
- Bank Accounts
- Retirement Plans
For more information from Eldreth Law Firm, PLLC, estate planning in Raleigh NC be sure to visit back with us, soon! As always, feel free to contact us with any questions or concerns you may have about your current estate plan.
Also, feel free to contact our office to schedule a consultation with us if you are looking for an attorney in Raleigh NC. We are here to help you with all your legal matters, whether it be estate planning in Raleigh NC, trademarking, copyrighting, or DWI issues.
