When you think about estate planning in Cary NC, do you often push it to the side because you worry your estate isn’t large enough to warrant planning for the future? Are you concerned that developing a plan and working with a lawyer might be too expensive?
Things to Consider for Estate Planning in Cary NC this Year!
Sometimes, estate planning in Cary NC can be overwhelming for many different reasons. However, that doesn’t mean that it should be neglected, especially if concerns about finances or lack of estate are the reason. Working with a lawyer can help you work towards planning without it being a burden, financially. Things can be done in steps. Your lawyer can help with this.
In our previous blog, we talked about one of the biggest things you should do this year in the way of completing a few estate planning tasks. After all, the year is almost half over. For those that haven’t started or finished their estate plan, set a goal for getting it done this year. Consider the following if you already have a plan in place.
Often, people create an estate plan and never follow up with it. That means life changes are not recorded and information included in the documents becomes outdated. Before the year is out, take a look at your life since you created your initial plan. Have you had any financial changes? Did you get married, divorced, or have children? If these things are not documented within your plan, revisions should be considered.
It’s also important to consider tax laws, executor or trustee appointments, and business ventures. All of these factors should be documented and up-to-date. Sometimes, working with your lawyer to update your plan once every year or two may be necessary. Estate planning in Cary NC is never truly complete. The need for changes occurs all the time.
Even the smallest things like purchasing a new car or selling a boat could affect your estate plan.
Neglecting to update your estate plan to make revisions as things change over time could result in a legal issue in the event of an untimely death. Leaving your loved ones to deal with probate and other problems that come with an invalid estate plan could be very difficult for them. Consider contacting our law firm to learn more about estate planning in Cary NC and how you can update your plan every one to two years.
Also be sure to visit back with our blog soon. We will have several more tips for you when it comes to estate planning this year!
Eldreth Law Firm | Estate Planning in Cary NC
Remember, if you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate lawyer is here to help you get your estate planning in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Contact our office.
As always, feel free to contact us at our office to schedule a consultation if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and DWI issues.
Be sure to visit other blogs in this series, below: