Waxhaw Estate Planning Attorneys

What Is Estate Planning?

Your estate plan determines how your estate is distributed if you become medically incapacitated or pass away.

At Blood Law, PPLC, we provide the following estate planning services:

• Estate administration. After an individual passes away, their estate is distributed to the people named in their will and trust. Estate administration is legally complex and involves various other processes, such as probate and will and trust management. We can help you set up an effective estate administration procedure for your estate plan or help you navigate manners like probate when a loved one passes away.
• Wills. Your last will and testament plays a crucial role in your estate plan, determining things like what kind of care you want to receive at the end of your life, guardians for your children, asset distribution, and more. We'll help you draft a comprehensive will that protects your legacy.
• Trusts. A trust can help you distribute assets and deal with certain parts of estate administration, such as probate, more easily. Our lawyers will work with you to develop a thorough trust that meets all your needs.

We know that estate planning can be uncomfortable. Our compassionate, experienced Waxhaw estate planning attorneys can help you move through the estate planning process with confidence, so you can rest assured knowing your estate is in good hands.

How Does Estate Planning Work in NC?

The estate planning process typically looks something like this:

• Appoint a health care agent. If you become medically incapacitated, a health care agent can ensure you receive the medical care you deserve. Health Care Power of Attorney allows you to stipulate what your health care agent can or cannot do while looking after you.

Appoint a financial agent. Your financial agent, established using Durable Financial Power of Attorney, can manage your financial affairs if you become incapacitated.

• Inventory your assets and liabilities. To distribute your estate successfully (and equitably), you need to know what assets and liabilities (bank accounts, life insurance, vehicles, real estate, businesses, debts, etc.) you possess.
• Name beneficiaries. Your beneficiaries are the individuals who will receive your assets after you pass away.
• Execute the living will or trust. Finally, working with the correct officials and legal professionals to draft and sign your will and trust will make the documents legally binding, completing the estate planning process.

Why Should I Have an Estate Plan?

Estate plans have a multitude of benefits. Here are just a few reasons you should consider developing an estate plan:

• It makes things easier for your loved ones if you pass away or become incapacitated. Having a comprehensive estate plan gives your loved ones time to grieve their loss, instead of having to worry about how they're going to handle the estate. If you have a family member you think may try to compromise your estate, an estate plan can also protect your other beneficiaries.
• It speeds up estate administration. Certain processes, like probate, can take a long time. Using an estate plan can help you streamline estate administration for your beneficiaries.
• It protects your child(ren). If you have a kid (or kids), you can establish guardianship for them using your will, ensuring they receive proper care if you pass away or become incapacitated.
• It helps you fulfill your last wishes. A legally sound estate plan enables you to rest easy, knowing that your last wishes will be fulfilled once you pass away.

Our Waxhaw estate planning attorneys will usher you through the estate planning process to ensure your estate plan is tailor-made to suit your specific needs and circumstances.

To schedule a consultation with our team or learn more about our services, contact us online or via phone at (704) 286-0570.