If you are unmarried and have no children, but have a partner in life, there are things to consider when estate planning. A power of attorney should be named so that financial and healthcare decisions can be made should you become incapacitated. A power of attorney for finances will let you name someone to handle things such as bank accounts, bills, taxes and a small business if you have one. If your domestic partner is someone you'd like to name as a power of attorney, you can do so. They should be a trustworthy person that can make good judgment calls when it comes to health and finances.
Unmarried Couples and Estate Planning | Lawyer in Raleigh NC
If you do not have an estate plan explaining how you want your asset to be dispersed when you pass away, then it is ultimately left up to the laws of your state. In that case, your hard earned estate could be divided up and dispersed to people you would not have chosen, or if you do not have relatives, it could end up going to the state.
We hope this information inspires you to start estate planning now if you haven't already. Contact our lawyer in Raleigh NC, today to begin. Also be sure to visit back with our previous blog for more information if you missed it!
Eldreth Law Firm | Lawyer in Raleigh NC
When planning your estate, you may want to consider which assets are subject to probate and which are not so that you can make the best decisions in how you designate heirs. If you need additional help, reach out to our lawyer in Raleigh NC to ensure that you are creating the best plan for your situation.
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also, contact us 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 lawyer is here to help you with all your legal matters, whether it be entertainment law, trademarking, copyrighting, or DWI issues.