Your estate may include your house, car, real estate, checking and saving accounts, life insurance, investments, and other possessions. If you are like most people, you may want to dictate how these assets are distributed to the people and organizations you care about. This is where estate planning comes into play. An estate plan lists your asset recipients, what they will get, and when they will get it. With a good estate plan, your wishes will be carried out. That is why you must hire an estate planning attorney monroe nc. Meeting an experienced estate plan lawyer will ensure you and your family are well-protected. Your lawyer can also help you with the following:
Ensure Your Loved One’s Don’t to Go Through the Probate Process
The probate process is carried by the court to transfer the estate of a deceased person to the rightful heirs and beneficiaries. This process can cost those you leave behind when you die significant amounts of money. Also, the probate process can take up to a couple of years and is quite public. But, you can avoid probate when your assets are designated to beneficiaries.
Give You Peace of Mind
A great estate plan includes documents that help make sure your loved ones don’t deal with issues upon your passing. It includes a will, trust, power of attorney, general assignment, medical directive, and guardianship nomination. Your lawyer will make sure all of the bases are covered, letting you have peace of mind.
Help Avoid Mistakes
An experienced estate planning lawyer can draft up a complete estate plan that can help avoid paying more in professional fees, taxes, and court costs. Planning your estate with an attorney will help organize your records and wishes ensuring your family can easily find essential financial records, insurance policies, titles, and beneficiary designations upon your passing.