Are you in a unique situation when it comes to estate planning? If so, our estate lawyer in Cary NC is here to help you better understand how to plan for these special circumstances.
In some situations, a couple chooses not to get married. They live together or separately for decades, without making they are union legal. When this is the case, that doesn't mean you don't want to leave them your assets when you pass. However, because there are no legal documents in place to make your significant other a spouse, planning may be different.
Unique Situations | Estate Lawyer Cary NC
In situations where unmarried partners have no children, there are things to consider as well. With no natural beneficiaries, the estate plan can be tricky. It's important to work with an estate lawyer in Cary NC during the situation. That way, you can avoid intestate laws that might not take care of your significant other.
Sometimes, children are left without living parents. In this case, grandparents often step in to raise the children. When this is the case, estate planning is different. There are several rules that should be considered when planning. Again, contacting our lawyer can help you better understand these legal rules.
For those that have a collection of valuables or a hobby that is considered a passion, it can be difficult to plan for this within the estate. Collectibles are a unique challenge when it comes to inheritance. For example, many beneficiaries will not consider the collectibles as valuable as they are not passionate about it. They may not want to inherit these belongings. Collections require space and storage. When art, vehicles or wine are involved, special storage is needed to ensure the collectibles are kept properly. Even more, if multiple children or beneficiaries are involved, dividing them properly can be a challenge, as well. Most collectible should be kept together rather than divided.
In some situations, selling the collectibles is the beneficiaries choice. However, some choose to donate them to a charity. Whatever the case, it's important to consider all options with the lawyer before choosing your course of action.
For those that do not have an estate plan in place, or haven’t reviewed theirs in several years, now might be the best time to start. Our estate lawyer in Raleigh NC is here to help you get your estate plan in order 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 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