Estate planning lawyers, also known as probate lawyers or estate law attorneys, are qualified and experienced legal professionals with an extensive knowledge of both federal and state laws that affect your estate. An estate is a legal term that describes the process by which your assets are held until you die or pass away. An estate attorney is a lawyer who helps you navigate the often confusing waters that surround estate planning. If you are starting a new business, setting up a new bank account, or attempting to resolve some estate issues, an estate attorney can be extremely helpful. If you are considering certain financial maneuvers, an estate attorney may even be able to stop or prevent creditors from coming after you in the future. Get the facts about Chapel Hill Estate Planning Attorney
wills are one type of legal documents that you will need the assistance of an estate planning attorney for. Wills allow you to appoint an individual, organization, or entity to handle your assets on your death or at least for a specified period of time so that your property will not be subject to anyone’s claim at all. Without a will, any property you own could be distributed to your personal representatives or other beneficiaries without your permission. It is important that you have a will prepared at the time you make your final demise so that you can leave your loved ones an opportunity to utilize the property for their benefit. There are a number of different types of wills, including express, limited, and revocable will, and although you can complete the process yourself, having a will professional close at hand can help you avoid future complications and potential legal squabbles.
Another type of legal document you will need the services of an estate planning attorney for is a trust. A trust is a legal document that allows your beneficiaries to obtain money or property from your estate when you die. In order to set up a trust, you must first establish a legal foundation consisting of specific instructions for how the money or property will be divided. Without a trust, these instructions would be difficult to follow and your beneficiaries could have trouble establishing themselves with no proper instructions.
1777 Fordham Blvd. Suite 101, Chapel Hill, North Carolina 27514