3 Things People Think About Estate Planning That Are Not True
Frequently, people have misconceptions about North Carolina estate planning and what it entails. You should be building your estate plan with the best interests of your family in mind. Sound legal advice should guide you with regards to the estate plan that is best for you, not myths and misunderstandings.
I’ve listed 3 of the most common myths about North Carolina Estate planning below.
1. A will is unnecessary – The consequence of not having a will in place is that the state will decide how your property is handled. North Carolina will share property between children or parents. The state will also decide such things as guardians for children that are minors. The best course of action is make these decisions ahead of time so that your wishes are followed through.
2. If I have a will than I will not need to go through probate proceedings – A will does not guarantee that you will not go through the probate process. What a will does is to serve as an order to the court to supervise your estate distribution. The probate process facilitates this. There are other ways of avoiding probate including a living trust. The best thing to do is discuss your wishes and options with an estate planning 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 attorney, Sabrina Winters, will change your concept of Estate Planning as the need to merely “create it and forget it”. Although the documents are important and necessary, building lifetime relationships with our clients are as important to our Firm. Discuss your estate plan with a North Carolina estate planning attorney who has your interests in mind.