checklist in estate planning template nc

Checklist in estate planning template nc how to#

WillsĪ Will, or last will, is a legal document that gives you the power to control how your property passes and to whom it passes at your death.įor example, a Will may be used to specify who will receive your home or another real estate, your automobile, furniture, jewelry, bank accounts, and more. The most basic foundational estate plan consists of a Will, Health Care Power of Attorney, and Financial Durable Power of Attorney. What aspect of estate planning is most important to you? Call us to discuss: (919) 443-3035.

Making sure family keepsakes and heirlooms are properly preserved and are not sold to cover administrative expenses.ĭepending on the needs of you and your family, Carolina Family Estate Planning will help you come up with a plan that works for you and addresses all of your concerns.

Planning to reduce or eliminate estate taxes, gift taxes, income taxes, court fees, and/or administrative fees.

Keeping your family’s assets private from public records and prying eyes.

Ensuring that your assets will not get tied up in the court system and that your family and loved ones will be protected and will avoid unnecessary expense, angst, and frustration.

Protecting yourself, your spouse, and your assets if you either should require a nursing home or long-term care due to a health decline.

Appointing a person to make your health care decisions if you become unable to.

Taking control of who will manage household affairs on behalf of you and your family if an accident should occur.

Making sure that your business will be preserved after your death in the manner that best suits your desires and your business.

Make sure your business is set up in such a way so that it will never be taken from you if you are sued or if you get divorced.

Reducing familial disputes and confusion, especially in the case of blended families or second marriages.

Leaving a legacy to a foundation, university, religious institution, or other non-profit entity that is near and dear to your heart.

Acquiring adequate life insurance to provide for the needs of your family.

Making sure that your pets will be loved and cared for if something should happen to you.

Taking extra precautions in planning for a family member with special needs.

Preserving and managing your assets for your children until they are mature enough to manage them themselves.

Peace of mind that you haven’t just “gone through the motions” by preparing a will, but that you’ve taken the time to make the best decisions for your family so that they can have the safest and most secure life possible.

Checklist in estate planning template nc how to#

Making things easier for your family by making sure all relevant information is gathered in one place where your family knows how to access it.Especially for your children, your mementos will be cherished for years and years to come.

Passing on not just financial assets, but memories, special family heirlooms, letters, hopes, and desires.Legally documenting who will take care of your children if you are in an accident.Recognizing that although you may be young, disaster can strike at any time and it is important that you ensure that your family and loved ones are as best equipped as possible to handle whatever curveballs life may throw your way.For each individual, estate planning may include one or more of the following: You & Your Family: It depends on each person’s life status, goals, and desires. Strategizing Your North Carolina Estate Plan Now Can Bring Peace of Mind LaterĮstate planning can encompass different things for different people.