Estate Planning Lawyers in Chapel Hill Developing an Estate Plan That Is Right for You
Estate planning is often overlooked by many people even though it can be one of the most important things you do for your family. Coming up with an effective estate plan can provide you and your family with tremendous benefits in the immediate future and the long run. Estate planning consists of utilizing several legal tools and documents that can dictate the terms of your future, including after you die. Documents such as a valid will, trusts, and more can help your estate become more secure while providing you with benefits such a reduced taxes and even the ability to bypass probate with a trust. Whatever your needs are, our law firm can help you choose the right options to build a strong estate plan for you and your family.
Why Should I Create an Estate Plan?
First and foremost, many estate plans are created to have a sense of control over your assets and estate even after you die. By utilizing a variety of trusts that can fit your needs, you can dictate which beneficiaries receive what from your estate after you pass away, all while making it easier for your family to deal with that process. An estate plan can redistribute assets in order for you or your loved ones to qualify for certain government care options which can make a world of difference for you and your family’s health. With so many financial benefits and quality of life improvements that an estate plan can provide, you should consider working with our lawyers to ensure your estate plan has everything you need to prosper now and in the future.
Is Creating an Estate Plan Easy?
Creating an estate plan can be complicated. With so many revolving parts and potential contingencies needing to be set within your estate plan, you may need the help of a skilled estate planning attorney to help you create the best plan for your estate. From creating a will with legalese that ensures it will be valid once you die, to determining power of attorney for someone you trust that gives them the ability to act on your behalf in case you are unable to manage aspects of your estate and health, considering every aspect of an estate plan can be a tough task without the right help. Get the help you need by contacting Thomas-Walters, PLLC today. Our team of estate planning lawyers can speak with you to learn more about what you need from an estate plan. We can then work with you to make sure everything within your estate plan is in order.
What is an Executor in Estate Plan?
Along with your estate plan, you may also need to list an executor of your estate in the event that you pass away. An executor is basically a person that you designate to settle the affairs of your estate. This can be paying off creditors that are owed a debt, paying taxes on the estate itself, and distributing your assets to your beneficiaries the way you have dictated in your will. When choosing an executor, you should consider enlisting someone that you trust that is capable of completing the tasks required of them when settling your estate. Our team of lawyers can talk you through your choices, help you pick an executor, and even help your executor fulfill their duties when the time comes.
How Can an Estate Planning Attorney Assist Me?
Building an estate plan that fits your needs can be incredibly challenging without the proper guidance. Our estate planning attorneys can work alongside you making sure everything in your estate plan is binding and set in stone. If you need to modify any aspect of an estate plan you already have in place, we can help with that too. No matter what your needs are, Thomas-Walters, PLLC has you covered. Give our law location a call at (919) 424-8277 to schedule a free consultation.