Welcome back to our blog series concerning estate planning for beginners. In this article, we are going to take time to talk about two aspects of planning that are important for business owners and those that have loved ones they'd like to leave belongings to.
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.
It’s important to name a beneficiary for all financials. This helps the accounts become automatically payable upon death to the correct person.
We hope you've learned important information over the course of this blog series. Being a beginner estate planner can be quite overwhelming and stressful. That's why our estate lawyers in Cary NC are here. We can help you with each step of the overall process.
In our final blog post, we will offer a quick recap of all things learned over the course of the previous articles. Be sure to check back with us soon.
Eldreth Law Firm | Estate Lawyers in Cary NC
Do you have a current estate plan in place that hasn't been updated in years? If so, it might be time to revisit it to ensure all information is valid and up-to-date. This task can be just as important as the initial creation of an estate plan. Don't let things become outdated. Call today to start updating your plan.
Also, feel free to contact our office to schedule a consultation with us if you are looking for estate lawyers in Cary NC. We are here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.
To learn more about estate planning and essential parts that should be considered to be included, be sure to visit back with other blogs in the series. You’ll learn about trusts, wills, powers of attorney, guardians and more.
- Estate Planning Checklist for Beginners, Part One
- Estate Planning Checklist for Beginners, Part Two
- Estate Planning Checklist for Beginners, Part Three
- Estate Planning Checklist for Beginners, Part Four
- Estate Planning Checklist for Beginners, Part Five
- Estate Planning Checklist for Beginners, Part Six