Wills & Estate Planning
We have a wealth of experience as Charlotte Wills & Estate Planning Attorneys and can guide you through the process of creating a will and estate planning. Please contact us if you have any questions or would like to schedule a consultation. We are happy to provide more details on Wills and Estate Planning below:
A visit to an estate planning attorney’s office can be time well spent. It is one of the least expensive services offered by Hatcher Law Group. Benjamin Franklin is thought to be the author of the saying, “In this world nothing can be said to be certain, except death and taxes.” Because of the uncertainty of how and when you may leave this world and the costs associated with your demise, everyone over eighteen years of age needs to do some estate planning. For taxation purposes, your estate consists of all your tangible assets such as your automobiles, jewelry, personal property, precious metals, and real estate. It also consists of your share of intangible assets such as annuities, bank accounts, bonds, IRAs, Keogh plans, possibly life insurance proceeds, limited partnership interests, mutual fund shares, partnership interests, pension plans, profit sharing plans, retirement plan proceeds, and stocks.
Everyone has different objectives in what they wish to accomplish with proper planning, but generally you will be able to:
- Determine who is to receive your assets.
- Appoint an executor(s) or personal representative(s) of your estate.
- Appoint a guardian(s) for the person of your minor children.
- Appoint a trustee(s) for the assets of your minor children.
- Place restrictions upon when and in what form individual heirs will receive property.
- Reduce estate taxes or transfer costs and plan for how taxes will be paid.
- Reduce or eliminate probate costs.
- Establish living or testamentary trusts.
- Establish plans for lifetime giving.
- Establishing plans for management of your affairs in the event you become incapacitated.
- Establish a living will, durable financial power of attorney and health care power of attorney.
Estate planning becomes even more important for those undergoing a divorce, planning a second marriage, starting a family, or in a non traditional family relationship. You are encouraged to not delay making your estate plans. Do not rely simply upon operation of the law and the state’s intestacy laws to pass your estate to others.