An estate refers to everything you own – your car, home, savings, life insurance policy, and anything else that comprises or contributes to your net worth. An estate also includes any debts and obligations you may have, like a mortgage or outstanding credit card balances. When you pass away, your estate is distributed to your beneficiaries according to the terms of your pre-established will and testament. If you die without a will, North Carolina’s intestacy laws will take place. With such important items at stake, it’s crucial to gather an experienced estate planning attorney on your side now who can help you plan for the future and protect your assets.
At Pinnacle Law, we understand that estate planning is an important but often overlooked task. Many people put off estate planning because they don’t want to consider their own mortality. Others believe that they don’t have enough assets to warrant estate planning. However, everyone can benefit from having a well-drafted estate plan in place. Estate planning can help you achieve peace of mind knowing that your loved ones will be taken care of after you’re gone. We go the extra mile to ensure that our client’s estate planning needs are met and that their wishes are carried out. Connect with us today to learn more.
Estate planning is the crucial activity of anticipating and arranging for the management and disposal of your assets during life and after death. An estate plan can help you:
There are many different types of estate plans, and the best plan for you will depend on your circumstances. The most common types of estate plans include:
When considering what items to include in your estate plan, you should determine your goals. Once clear on what to achieve, you can work with an experienced estate planning attorney to create a detailed plan that will honor those future objectives. Some of the most common items that are included in estate plans are:
You can ultimately choose to include anything in your estate plan that you want. The most important thing is to make sure that your wishes are clearly stated and that your estate plan is properly executed.
Procrastination is one of the most common obstacles to estate planning. Many people put off creating an estate plan because they think they do not have enough assets or because they think they are too young to need one. However, estate planning is not just for the wealthy or the elderly. Life is filled with unpredictability; to best be prepared, it is important to have an estate plan in place no matter what your age or circumstances.
Confusion regarding the process is another common obstacle to estate planning. Estate planning can be complex, and there are many different options to consider. However, an experienced estate planning attorney can help you navigate the process and make sure that your estate plan meets your unique needs.
Finally, some people are reluctant to create an estate plan because they do not want to think about their mortality. However, estate planning is not solely about death – it’s about preserving your legacy and ensuring that your loved ones are taken care of after you die.
Estate planning is an important life process that everyone should go through. If you have not already done so, now is the time to start. An experienced estate planning attorney can help you create a plan that meets your estate goals.
At Pinnacle Law, we are legal experts in helping people create comprehensive estate plans. Each of our clients receives personalized attention and guidance throughout the estate planning process that sets their future up for success. Contact us today to schedule a consultation with one of our attorneys. We would be happy to answer any questions you have about estate planning and show you what sets us apart from other firms.