Welcome back! We are here to talk more about things to consider when estate planning in Raleigh NC. If you haven't read our previous blog, visit there for additional information.
For those who already begun estate planning in Raleigh NC, it's important to continually update it. Things like divorce, having children, name changes or other life altering situations can make your current estate plan invalid.
More Things to Consider for Estate Planning in Raleigh NC
An example might be women who get married and change their names. If you get married, change your name and forget to update that within estate planning documents, it might pose an issue upon your death.
Also, those who choose to change their name at some point in life, outside of a marriage, also need to update their estate plans. Anyone who has included you in their estate plan should do the updates, as well.
Another example, Mary Elizabeth Smith prefers to go by Beth Smith. When Beth Smith gets married, she doesn't immediately change her name to her married name. However, she and her husband choose to begin creating an estate plan. Within that plan, Mary Elizabeth Smith is the legal name used as a beneficiary. Five years into marriage, Mary Elizabeth Smith chooses to change her name to Beth Spencer. Unfortunately, her name was not changed within the estate planning documents. Upon her husband's death, the will was deemed invalid and had to go through probate.
This example hopefully helps you better understand why updating any life change, no matter how small it is, within your estate plan is essential for keeping it valid.
We hope this information helps you better understand things that should be considered when estate planning in Raleigh NC. If you have questions, contact our lawyer. To learn more, take a look at our previous blog, as well.
Call Eldreth Law Firm to Get Started With Estate Planning in Raleigh NC
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 attorney is here to help you get your estate planning in Raleigh NC started and in order. That way, should you pass in an untimely manner or become incapacitated at some point it will be there for your loved ones. It’s better to be safe than sorry when it comes to an estate plan. Contact our office today to get started estate planning.
As always, feel free to contact us with any questions or concerns you may have concerning legal issues. Contact our lawyer to schedule a consultation if you have questions about small business needs, trademarking, copyrighting, or other legal situations. Call today to talk with our lawyer!