3 Common Myths Of NC Estate Planning
There are many myths and misunderstandings floating around when it comes to North Carolina estate planning. Your estate plan should be constructed based on sound legal advice and your family considerations in mind. Not based on misconceptions of the process.
I’ve listed 3 of the most common myths about North Carolina Estate planning below.
1. I don’t think I need a will because my wife or husband will get what I have – In North Carolina, you estate will be divided amongst your children or parents. When you do not have a will in place, the state makes decisions on how your property is distributed. The best thing to do is to plan out the distribution of your estate ahead of time so that your wishes are upheld.
2. Creating A Will Avoids The Need For Probate – A will is a legal document that enables the court to supervise your estate distribution through the probate process. Simply having a will does not guarantee that your family will avoid probate. There are ways to avoid probate including using a living trust. It’s a good idea to discuss your options with an attorney.
3. I’m not going anywhere for awhile, all this stuff can wait – We never know what life is going to bring our way. It’s better to be prepared and plan for the benefit of your family and loved ones. In difficult times, you don’t want your thoughts to be consumed with worrying about what happens to your family. It’s best to speak with a North Carolina estate planning attorney to address these issues sooner rather than later.
Take the initiative to address your estate plan with a North Carolina estate planning attorney. Getting your affairs in order is a loving thing to do for both yourself and your family.
North Carolina estate planning lawyer, Sabrina Winters, will alter your concept of Estate Planning as the need to merely “create it and forget it”. We strive to build lifetime relationships with our clients.Get a free consultation over the phone with a North Carolina estate planning lawyer who has your interests in mind.
