Providing Guidance For Your Family
Why Do I Need An Estate Plan?
If you do not have an estate plan, it can cause chaos for your family members when you die or if you become incapacitated. They could be forced to make difficult decisions, and disagreements could fracture the family. For example, some family members may want to sell land or property, while others may want to divide it up. A dispute such as this could end up in court, which can be costly and time-consuming.
At Foster Law, PLLC, we will craft an estate plan that ensures your wishes will be known to your family, heirs and beneficiaries. Your instructions will be clear, which will help your family or executor and agents make decisions aligned with your values. These decisions can include everything from your medical treatment and end-of-life care to property distribution.
More Than A Will
A will is an essential part of an estate plan, and clearly outlines your wishes regarding important aspects of your estate. But a comprehensive estate plan may also include trusts, which protects assets from taxation upon transfer to a family member or other named beneficiary. There are many types of trusts available, which we can discuss at your free initial consultation. We can also discuss medical and financial powers of attorney, important designations that empower chosen individuals to make important decisions about your health care and financial status.
Do I Really Need An Estate Plan?
Some people who are just starting out in life, or have relatively few assets, wonder if they need an estate plan. Many assume that estate plans are just for the wealthy. But regardless of your age or the size of your estate, it is important to discuss your options with a lawyer. We can help you decide how your property will be split up among family members or other beneficiaries. An estate plan can also designate what will happen to your children should something happen to you. We can also ensure that your property is transferred as quickly as possible. We can discuss tax laws and what needs to be paid once the estate is moved to the executor of your will.
Contact Our Office Today To Get Started
It is important to act soon to determine the distribution of your estate and who will have powers of attorney for finances and medical care. Whether you are in the military, or have a growing business or a home, we can help. Call our Fayetteville, North Carolina, office today for a free consultation at 910-600-0149 or fill out our contact form.