Raleigh Lawyer - Why You Need an Estate Plan
Why should I care about getting a will or setting up a trust? What's in it for me? The simple answer is this: if you don't have an estate plan, the state will have one for you. This is an important life decision that should not be left to anyone else but you.
Then why do I need an estate planning attorney? You need a professional who understands the law, the specific consequences of a will or trust and the repercussions of an estate planning tool that is not properly drafted or executed. Think of it this way. You would only trust a dentist to fill in your tooth. Then why would you trust anyone but an experienced estate planning attorney to handle your future financial interests?
At Armor Trust Attorneys, we believe in taking the simplest route to protect your financial and legal interests. This efficient approach comes from a law practice that is focused solely on estate planning and wealth preservation. We serve clients in Raleigh, Durham, Chapel Hill, and the surrounding Triangle counties.
It is better to plan for the inevitable rather than leave it up to chance. To start discussing your estate planning needs with an experienced attorney, please contact us at our office in Raleigh, North Carolina. Call (919) 571-4398.
Reasons for Estate Planning
A common misconception people tend to have is that estate planning is only for the wealthy. This is not true. No matter what assets you have, they are still yours. Everyone deserves the opportunity to protect assets, take advantage of tax reductions and preserve assets for their future heirs.
Here are some other reasons for estate planning:
- You need a plan in place: No one can ask you after you are deceased how you wanted your assets distributed. Get a plan in place by an attorney who can get it done correctly.
- Wills are essential: You need a will. Period. This is your chance to explain how you want your estate handled for your surviving loved ones and designate a guardian for any minor children.
- Trusts can reduce estate taxes: People have a strange aversion to trusts because they think it is only for the rich. That is not true. Trusts provide asset protection, let you place conditions on your assets and in some cases reduce estate or gift taxes.
- Take care of those with special needs: If you are worried about a loved one who has special needs, estate planning can provide for this, such as with a Special Needs Trust.
- Support a charity: If there is a cause or charity close to your heart, charitable gift planning can help you fulfill this need.
Contact Our North Carolina Estate Planning Attorney
Contact our Raleigh office at (919) 571-4398 to arrange an appointment with our dedicated Raleigh estate planning lawyer. We will take the time to identify your family's estate planning goals and the risks unique to your situation.