Are you beginning to start your estate plan but aren’t sure where to start? It’s an overwhelming process that is also very important. Over the course of the past few blogs, as well as future ones, our lawyer in Cary NC will talk further, offering a checklist of things that should be included in your plan. Below, you’ll find information about two essential parts, Trusts and Guardians.
Estate Planning | Lawyer in Cary NC
Designating a Guardian – An untimely death can leave your children without a parent. It's important to select a guardian that can care for your children when you pass. This individual should be someone that you trust to raise your children as their own. They will make financial decisions for them, as well as other life decisions.
Should you not designate a guardian for your children before unexpectedly passing, the court system may lack guidance for making arrangements for your child's care. Your children might end up with strangers or in foster care until a costly court hearing can rule differently.
To learn more about guardians and the different types you might want to include in your estate plan, visit with previous blog posts, below:
- Understanding Adult Guardianship, Part One
- Understanding Adult Guardianship, Part Two
- Understanding Adult Guardianship, Part Three
- Understanding Adult Guardianship, Part Four
Also check back with these, as well. They offer even more information about guardianship:
- Different Types of Guardians Part One
- Different Types of Guardians Part Two
- Different Types of Guardians Part Three
Trusts | Lawyer in Cary NC
Those that have children need to consider setting up a trust. These documents are designed to properly care for your children after you've passed, until they're of age or mature enough to care for themselves financially.
Eldreth Law Firm | Lawyer in Cary NC
Regardless of whether you're married, single, wealthy,childless or a parent, it's important for all adults to have an estate plan and the proper documents in place at the beginning of each year. If you're ready to begin planning your estate contact our lawyer in Cary NC today.
Remember, for more information on basic estate planning from our lawyer in Cary NC, be sure to visit back with us soon! If you have questions about the information you’ve received here contact us. We are here to help. Also check with other blog posts in this series below:
- 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