Often times we think about estate planning in Raleigh NC for traditional family situations. However, there are many instances where these types of plans will not work. Sometimes, unique estate planning is necessary. Over the course of the next few blog posts our lawyer is going to talk more about the special circumstances. If you or someone you know need help with this type of estate planning, feel free to contact our lawyer. We are here to help.
Unique Estate Planning in Raleigh NC
Business owners have a special circumstance when estate planning in Raleigh NC. It's important to consider incorporating the business within the estate plan. For those who have a partner, it's important to consider this, as well.
For those family businesses that employee relatives, this also requires a different type of estate planning. There should be a succession plan in place, as well. When primary owners pass away, part owners do not become legal owners unless the succession plan allows it.
In situations where there is a second or third marriage, stepchildren can be a unique situation. It's important to plan properly so that stepchildren are able to receive gifts that you leave them. Unfortunately, state laws might leave them without any inheritance if proper planning does not take place. Probate might leave the distribution of your belongings two children from your first marriage and exclude new children or stepchildren.
If you have any questions about blended families and second marriages when it comes to a state planning, be sure to contact our lawyer. This is a unique situation that might take a little more planning in order to ensure everything is properly planned.
Eldreth Law Firm | Estate Planning 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.
Missed other blogs on this topic?
- Unique Estate Planning Situations, Part One
- Unique Estate Planning Situations, Part Two
- Unique Estate Planning Situations, Part Three