It is a curious dichotomy that most North Carolina residents probably know how important estate planning is, yet many people don’t actually have estate planning documents in place. But, it is also somewhat understandable because, for some people, the estate planning process can seem rather daunting. Even a basic understanding of the available options may lead people to believe that there are simply too many scenarios to think about and, therefore, they exercise the “out of sight, out of mind” option.
However, while there is a wide variety of estate planning tools to consider, that doesn’t mean that taking care of your needs will be an overly complex matter. Even those who simply have a will in place are lightyears ahead of those who are willing to risk the distribution of their estate to North Carolina’s intestate laws. After all, the point of an estate plan is making sure that your assets go where you intend them to go.
Beyond a will, when people hear about trusts and power of attorney documents, they may start to think they are in too deep. But, even with these tools that have “legalese”-sounding names, just consider that they are all part of the plan to protect your assets and make sure that decisions are being made that you would agree with.
At our law firm, we understand how important it is for North Carolina residents to consider all available options in the estate planning process. We do our best to help our clients attempt to find the right solutions. For more information, please visit the estate planning overview section of our law firm’s website.