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Most Overlooked Aspects of Estate Planning Part One

If you are considering estate planning in Cary NC, you are ahead of most. Many people put off planning what will happen when they pass away because it can be an uncomfortable subject to deal with or simply because they forget. Having an estate plan can ensure that your assets are distributed the way you would want them to be. It also allows you to take care of the family and friends you leave behind.

Things to Consider When Estate Planning in Cary NC

Estate planning in Cary NC should consist of documents contain a will, which outlines who will get your assets. But it is best to not stop there. Your estate plan should also include information about trusts, power of attorney, beneficiaries, a living will or medical directive, an inventory of your assets, and information regarding who should care for your children if they are under 18 or unable to care for themselves.  
Many of these things are not included in an estate plan because many people think a will is enough to cover everything. In the next two posts we will look at the most overlooked aspects of estate planning, which include many of these important documents.
Let’s get started!
Durable power of attorney for healthcare
A durable power of attorney or health care proxy is important if you want a trusted family member or friend to be able to make healthcare decisions on your behalf should you become unable to do so. No one likes to think that something like that could happen, but it does. If you are in an accident and are not able to make decisions about your medical care, you would want your spouse or other family member to be able to act on your behalf.
Another aspect of a power of attorney can involve your children. If you have an adult child who is still under your healthcare insurance, if something happens to him or her, you will not be able to make decisions without permission. A signed durable power of attorney for healthcare can give you permission to make those decisions.
To learn more about important parts of estate planning in Cary NC and things you should never overlook, visit back with our next blog where we will discuss more!
Estate planning in Cary NC is important. It’s a way to ensure your loved ones are cared for after you’ve passed. It’s also a way to distribute your belongings to specific loved ones as well. It’s important that one not pass without this document. Doing so can result in a court case that will leave your loved ones stuck in probate court. This could be not only time consuming but expensive as well.
For more information on basic estate planning from our lawyer, 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.

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