There are individuals that are misinformed when it comes to estate planning. Misconceptions about what it is and what should be done are abundant. Your estate plan should come together as a result of good legal guidance and a plan that is best for you and your family.
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 don’t plan on leaving anytime soon so I think I’ll keep procrastinating – Unfortunately, we can never plan for life and what challenges it might bring. It is better to plan and be prepared than for you and your family to be stuck in an awful situation. Speaking with a North Carolina estate planning attorney can put your mind at ease and take care of these issues ahead of time.
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 attorney, Sabrina Winters, will alter your idea of Estate Planning as the need to merely “create it and forget it”. We strive to build lifetime relationships with our clients.Discuss your estate plan with a North Carolina estate planning attorney who has your interests in mind.
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