Estate planning is the process by which you ensure that your wishes will be properly carried out in the event of your incapacitation or death. While it is not an easy topic to discuss, it is an important one to ensure that your family’s future is secure.
At Farmer & Morris Law, PLLC, we can help you with every step of the estate planning process, from naming your power of attorney to drafting your will and allocating your assets. Everyone is unique, and our Rutherford County estate planning lawyer is committed to helping you make the best decisions for you and your loved ones.
Creating Your Estate Plan in Rutherford County, NC
Do not wait to create a plan for your estate. Some of the items covered in estate planning are:
- End-of-life health care choices
- Treatment options if incapacitated
- Naming the guardian of your children in the event of your death
- Designating power of attorney
- Creating your will
Creating a will is an important part of the estate planning process. G.S. § 31-1 lays out the rules for creating a will. Most people 18 years of age or older and of sound mind can draft one. There is no benefit to waiting to do this, but there can be serious consequences.
To avoid any difficulties, place your trust in Farmer & Morris Law, PLLC. We will work with you to ensure that your property, assets, and everything else you’ve worked your whole life to earn are all properly handled per your wishes.
What Happens if You Don’t Create a Will?
Without a will, North Carolina state law will determine the distribution of your property and assets. The N.C. Intestate Succession Act sets in place a line of succession that will be followed depending on the surviving members of your family. People who could receive benefits are:
- Your spouse
- Your children
- Your parents
- Extended family members
In the event that you are married without children, all assets would pass to your spouse. For those with a spouse and children, the amount is divided based on how many children you have.
While it may seem like your family is being taken care of in this situation, the state is actually using a predetermined plan to decide how to allocate your assets. Your life and loved ones are unique, and the plan for their future should be, too.
Securing Your Family’s Future
We will help you through the legal process of your estate plan to give you control over your family’s future and your own.
By creating a plan, you are not just determining how your assets and property are divided among your loved ones, but you’re also preventing your family from dealing with any difficulties, such as:
- Paying your outstanding debts
- Paying your remaining taxes
- Having to make end-of-life decisions for you
These burdens can be especially taxing for a family that is already going through a hardship. Planning for these moments now will help your loved ones in the future.
Designating Power of Attorney
Once you organize your assets, you will designate power of attorney. This should be someone you trust completely, as they will be the one making the final decision regarding your estate if you become incapacitated.
There are different types of power of attorney. Our team will ensure that you understand the differences between them, so the correct decisions are made regarding your finances and your health.
You will also designate an executor for your will. The power of attorney and executor can be the same person, but they serve two different roles. The power of attorney makes decisions if you are unable to but still alive, while the executor is granted the legal right to final decisions about your property, assets, and investments following your death.
During our consultation, we will discuss options for power of attorney and the executor of your will, making sure that you are choosing the appropriate person for your situation.
Our Estate Planning Lawyer Cares About You and Your Family
It is of the utmost importance to us that the clients of Farmer & Morris Law, PLLC receive the best experience. Previous satisfied clients have said:
- “I was extremely at rest after Ms Davies executed the directives of my Will and Power of Attorney especially as I have seen families scurry and rush around trying to put pieces of a puzzle together at the passing of a loved one, and at the last minute. Ms. Davies was concise, professional, and I felt relieved that she covered questions I had not thought to ask, making sure all aspects of my directives were achieved. Thank you! Hannah!” – Lynne
- “I recently got up the courage to face end of life planning, a topic I have been avoiding due to the overall unpleasant nature of the idea. Hannah gracefully approached this topic with wisdom and put it in a business-like perspective that made it virtually painless. We were simply putting in place a plan that will orchestrate important details in my absence should it occur. It gave me and my family so much peace knowing these papers are in force and ready. Her whole team is courteous and helpful. I would highly recommend Mrs. Hannah Davies for your will or estate planning needs. Better to do it now, than wait and your family wish you had! Call Mrs. Davies today!” – Anonymous
Contact Us Today to Begin Planning Your Estate in Southwestern North Carolina
Estate planning can be a difficult topic to face, but at Farmer & Morris Law, PLLC, we’re ready to help you make the difficult decisions and secure your family’s future. We will help you prepare all documents required by North Carolina law and ensure that your wishes are carried out properly.
Don’t wait until it’s too late. Connect with our Rutherford County estate planning lawyer, Hannah Davies, today.