Welcome back to the next installment of this blog series. Our attorney in Raleigh NC has been going over information that can help you better understand why it's important to create an estate plan. If you missed the previous blogs, visit back with them here and here.
Protect Your Beneficiaries
Making sure your loved ones are cared for after your death is important to many individuals. The best way to ensure they’re taken care of is by documenting your wishes for them in an estate plan. You may be able to protect minor and adult beneficiaries from a divorced spouse, credit issues, influences from outsiders, bad decisions, and more.
Minor beneficiaries may need protection from more than bad decisions and financial situations. They should also have a guardian appointed in the event that there is no longer a parent alive to take care of them. Aspects of estate planning in Raleigh NC include being able to care for and protect your minor children after you've passed or become incapacitated.
Sometimes, making these decisions and documenting them in your estate plan can cause issues in the family. Though this may be a situation you could face, it’s important to document your wishes. You may also choose to talk with your loved ones about your decisions so that they’ll begin to understand them, have time to ask questions and express concerns. It might be difficult to do this, but it’s better to give them time to understand now than to wait until you have passed on.
Head over to our final blog in this series to learn more about why it's important to create an estate plan now. Don't wait. It's never too soon to begin.
Eldreth Law Firm | Attorney in Raleigh 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 with 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.
