Estate Planning Documents | Estate Planning Attorney Raleigh NC
As 2015 enters it's second full week, it's important to continue to discuss the importance of estate planning for the new year. As we stated in our last post, estate planning should be a priority resolution for everyone.
Below, you'll find a few important estate planning documents that you can create with your estate planning attorney in Raleigh NC:
Power of Attorney – A Will is often thought of as the most important part of an estate plan. In many cases, a Power of Attorney is just as important, if not more. Financial affairs must be dealt with no matter what situation you find yourself in. Incapacitation and death are no exception. It's important to establish a Power of Attorney to take over your financials in the event that you become physically or mentally incapacitated. Not having a Power of Attorney in place can lead to a court hearing, extra expenses and frustration on behalf of your appointed Power of Attorney. Before appointing your Power of Attorney, it's important to talk with your estate planning attorney in Raleigh NC to make sure your candidate meets all the requirements and can be trusted with your affairs.
Oftentimes, individuals hesitate when thinking of preparing and signing a power of attorney. It might seem like you're loosing your independence. There's nothing to be afraid of when putting a power of attorney in place. It's one of the most important things you'll do when estate planning. What might be more fearful is the thought of your family not being able to care for you or make decisions for you and your well being. Leaving your family to deal with things that might be out of their hands could create a situation that’s hard to deal with. Your estate planning attorney in Raleigh, NC will help you easily prepare your durable power of attorney.
It's also important to choose a power of attorney wisely. While a power of attorney can be revised or revoked at any time, it’s best to consider all options before appointing an someone to be your power of attorney. Making the best decision from the beginning can help avoid changes and revocations in the long run.
For more information on the essential estate planning documents that you should put in place, visit back with our blog soon. Our estate planning lawyer in Raleigh NC will offer more documents and explanations of them.
Eldreth Law Firm, PLLC | Attorney in Raleigh NC
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact our estate planning attorney in Raleigh NC to schedule a consultation if you have yet to start estate planning. It's never too early to make plans for your wishes upon death. In addition, our attorney in Raleigh NC is here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.