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Things to Consider During Initial Estate Planning Stages, Part One

Planning to begin estate planning in 2018? If so, there are several things to consider. Our estate planning attorney in Cary NC is here to help you. Below, you'll find some information that can help.

Things to Consider | Estate Planning Attorney in Cary NC

  • Families are not always traditional with two parents and a set of children.
  • Planning out how assets will be distributed can be tricky, especially if there are stepchildren, elderly parents or other family members you want to name as beneficiaries.
  • You may need help determining how to best distribute the assets based on what they are capable of managing.
  • If you have set up a trust, you will need to fund it. It does not exist until it holds assets.
  • If it is a revocable trust, you will need to rename the titles to the heir or heirs you have designated.
  • If a trust is not funded, then your estate could be subject to probate, which is something you were probably trying to avoid by creating an estate plan to being with.
  • An estate planning attorney in Cary NC who has worked in estate planning can help you craft a comprehensive estate plan that meets your needs.
  • An attorney will know the right questions to ask to access your situation in the beginning stages of estate planning.
  • This will probably involve more than the generic solution a DIY kit or web site will provide.  Please contact our office to get started.
  • If you missed our previous blog post, be sure to visit back with it, here. Also, consider calling our estate planning attorney in Cary NC whenever you need help with drafting an estate plan. We are here to help.

Eldreth Law Firm, PLLC

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 Cary 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, we are here to help you with all your legal matters, whether it be divorce, child custody, trademarking, copyrighting, or DWI issues.

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