Estate planning is a process designed to help you manage and divide your estate so everything will be in order following your death. The Wills, Estates and Trusts Lawyers at Lake Law Office, PLLC can help ensure your wishes are met after your death. Legal documents are necessary to prevent the division of your property from being determined by the courts.
There are a number of legal documents that can help your family and spouse know what your intentions were. For example, wills are legal documents that an attorney from Lake Law Office, PLLC can help you draft that typically includes which family members will receive specific items, including your home. Estates and Trusts in Mooresville NC helps to reduce the tax burden for property following death. A trust can also be beneficial in providing protection against legal actions that may occur as a result of debt collectors, a lawsuit or creditors.
It is important to note that a living will is a document that provides information about your wishes regarding medical treatments and prolonging life. For example, if you do not wish to be put on life support, a living will helps to establish the wishes you made prior to becoming unable to verbalize them. Many people who are suffering with life threatening illnesses visit their attorney to draft a living will in order to ease the burden on family members when faced with these decisions.
The first step to estate planning is to contact an estate, will and trust attorney. Your attorney will help you understand what documents are necessary for your individual needs as well as assist you with filling out and filing the documents. It is important to have estate planning done while you are alert and coherent in order to ensure that all of your wishes are met. Depending on the extent of your estate, you may need to provide your attorney with various documents, such as a copy of the property deed to make sure that everything is in order and the property can be legally be transferred to a family member following your death. A will also prevents any disagreements from occurring among family members regarding who gets what of your personal items.
