Estate planning can seem overwhelming and may even be a little scary. You are planning what will happen to your assets when you are no longer here. No one wants to think about their death, but it is an important step to take in order to keep what you have worked for protected. It can also help keep your family secure financially when you’re no longer here to take care of them.
Estate Planning Questions | Estate Lawyer in Raleigh
You may have questions about estate planning, so our estate lawyer in Raleigh is here to answer them. We will review the most commonly asked questions over the course of this series.
What is estate planning?
In the simplest terms, estate planning is organizing your financial affairs so that your assets will be protected and provide the best benefits during your life and to those who will inherit them after your death. A proper estate plan should outline who receives your benefits, and it should be handled in such a way that it reduces taxes on your estate and allows for it to be passed onto your heirs without a costly and time-consuming probate process.
What is included in an estate plan?
An estate plan includes a will or trust, a document outlining the status of your assets, a directive regarding a durable power of attorney, and any other final instructions you wish to leave.
When should I create an estate plan?
Right away. Having an estate plan in place can help you feel more secure knowing that you have control over what happens to your assets when you are gone. It can also provide instructions on what to do should you become incapacitated.
For more frequently asked questions about estate planning, be sure to visit back with the next part of our series, soon!
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 a different series, as well. You’ll learn about trusts, wills, powers of attorney, guardians and more. Our estate lawyer in Raleigh hopes to help you get your estate plan in order, as soon as possible!
- 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
Eldreth Law Firm, PLLC | Estate Lawyer in Raleigh
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. Our estate lawyer in Raleigh is here to help you with all your legal matters, whether it be small business, trademarking, copyrighting, or DWI issues.
If you missed other blogs in this series, be sure to visit back with those, as well, below: