When Should I Consider Estate Planning?
While it may come as a surprise to many, it’s never too early to address the issue of estate planning. Even you haven’t started a family yet and are in the early stages of your career, moving forward with estate planning is not a bad idea. The fact is that as long as you are alive to do so, your estate plan can be altered to fit your needs at any time. If you haven’t even begun the process, it makes the matter that much more complicated, and it becomes that much more likely that you simply won’t get around to it. If you are interested in diving into estate planning –or simply in learning more – contact an experienced estate planning attorney in North Carolina today.
Protect Your Loved Ones with an Estate Plan
If you are young, the thought of implementing an estate plan may strike you as preposterous, and the fact is that you are likely to be around for your loved ones for a long time to come. If tragedy were to strike, however, your loved ones would be left in the lurch, and if you are your children’s only parent, their guardianship would be left to the court’s discretion, which is not what you want. Because it’s never too early to protect your loved ones, it’s likely not too early to begin considering your estate planning.
Estate Planning Can Save Your Family Time & Money
If you don’t have a living trust or other arrangements in place upon your death, your estate will have to go through probate. Some of the reasons to avoid probate include:
- Probate can result in significant costs, all of which can deplete the assets left over for your beneficiaries
- Probate takes time and deprives your loved ones of the benefits you’ve left them until the process is completed.
Leave your loved ones the whole of your estate by tending to your estate planning now.
Stop Ugly Squabbling in Its Tracks
When someone dies, the stress involved can drive people to behave irrationally, and sometimes the division of the estate can lead to serious infighting. If your estate planning is in solid order, you can provide your loved ones with careful guidance that comports with your wishes regarding your estate, and this can go a long way toward quelling discord. Further, when done well, your estate planning efforts will leave no room for ambiguity and can help silence other people’s interpretations of your wishes.
An Experienced North Carolina Estate Planning Attorney Can Help
If you have a family, now is a good time to consider estate planning. If you have amassed some assets and have loved ones whom you would want those assets to flow to upon your death, estate planning should be on your mind. The dedicated estate planning attorneys at King Law Firm in North Carolina understand that estate planning is a complicated legal matter that many people are only too happy to ignore. Our knowledgeable and compassionate legal team is here to help you cut through the confusion and hammer out an estate plan that provides you with peace of mind. To begin your important estate-planning journey, please don’t hesitate to contact or call us today.