Last Will & Testament: Are your affairs in order?
It may be difficult to think about what will happen to your finances and possessions after you are gone. You may think you have plenty of time to prepare your Will, but the reality is that none of us know how much time we have. Ease the burden on your loved ones by creating your Last Will and Testament. In your Will you designate an executor of your estate and allocate your funds and possessions.
Most people do not know what to expect from the estate planning or probate process. It can be confusing without the help of a professional. For all legal matters to be in order it is important to have your Will drafted and approved by an attorney. An estate planning attorney can help you through this process and find solutions tailored to your needs.
You need an estate planning attorney
An estate planning attorney will help you determine the most effective strategy for setting up the orderly distribution of assets upon death, and will draft all the documents necessary to put your estate plan in place. This includes wills, trusts (including special needs trusts, life insurance trusts, trusts for tax planning, dynasty trusts, revocable and irrevocable trusts, etc.), powers of attorney, and advance healthcare directives. A trust is another way to designate beneficiaries of certain funds. The trust process makes it possible for beneficiaries to receive funds sooner and minimizes state taxes. Trusts sometimes include certain terms and conditions that dictate how the funds are dispersed.
Power of attorney and other healthcare directives give a designated person the right to act on your behalf in matters of medical and financial decisions should the person lose the ability to make these decisions on their own. Sound confusing? Our law firm is here to help you understand and make the right choices for you and your family.
Experienced NC estate planning firms help keep your personal matters private
Particularly in the areas of estate planning law, you will be discussing confidential and personal matters with your attorney, which will be protected by attorney-client privilege. As such, it is important to work with law firms who have the experience to protect your interests and who will understand your unique concerns, such as Donald R. Vaughan and Associates.
If you need help drafting or making changes to your Last Will and Testament, call Don Vaughan and Associates now at (336) 273-1415 to arrange your initial free consultation. We are available 24 hours a day, 7 days a week.