Lawyer in Raleigh NC | Estate Planning for Younger Individuals
Welcome back. Today, our estate lawyers in Raleigh NC are here to offer one final tip for those younger individuals that are thinking of getting started estate planning. To take a further look, visit back with our previous post.
Lawyer in Raleigh NC | Insufficient Assets
Many people erroneously believe that an estate plan is only valuable for the wealthy. However, this is typically not the case. Even if a person does not presently own substantial wealth, their assets may grow as they age. Additionally, people often fail to consider the equity in their homes and other properties. Often, people forget about their ultimate life insurance and retirement accounts that transfer upon their passing. Without an appropriate estate plan, the equity in the home, or the benefits of insurance and retirement accounts may pass to the incorrect person. Or, without the proper planning that can be achieved through a trust, a person may pass that equity or insurance/retirement benefits to a young son or daughter without any restrictions on how the child may spend the money.
For more information on estate planning in Raleigh be sure to visit back with our lawyer in Raleigh NC soon. If you’re ready to begin your estate plan now, to avoid a serious problem, later on, feel free to contact us to set up a consultation, soon.
