If you're not familiar with an estate plan, there are many factors that go into one. Our lawyer is here to walk you through the various parts of estate planning in Cary NC so that when you're ready to get started, you'll have a better idea of everything it may include. If you've missed previous blogs, check back with previous blogs for more information.
Understanding Estate Taxes. Estate taxes are difficult to understand. However, they are something to consider. To learn more about this contact our office. Our estate lawyer is available to go over all federal estate taxes with you so that you can better understand them.
Planning for End of Life. Funeral expenses may not be something that you are ready to think about. Unfortunately, not planning for this could be leaving a big burden on your family in the event of your death. Consider leaving your wishes for funeral plans, as well as how it will be paid for in your estate plan. Then, your loved ones will be able to go through the grieving process without having to worry about these things.
Making Arrangements for Incapacitation. Though it's something that we don't give much thought to, planning for incapacitation is an important part of estate planning. Who will take care of you should you be unable to care for yourself? Who will make decisions on your behalf, financially and for healthcare purposes? These things can be documented in your estate plan so that your loved ones will know your wishes for these situations.
Eldreth Law Firm, PLLC | Estate Planning in Cary NC
Remember, estate planning 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.
Regardless of whether you're married, single, wealthy, childless or a parent, it's important for all adults to have an estate plan and the proper documents in place at the beginning of each year. Call our lawyer now to get started with your estate planning in Cary NC.