An Affordable Estate Plan

We believe everyone deserves an affordable estate plan. If you have minor children, you absolutely need one. Too often, clients are pressured into expensive and complicated trust vehicles designed for tax savings that benefit the wealthy. What most of us need is a Simple Will, Power of Attorney, and a Living Will. We proudly offer an affordable estate plan to clients in Charlotte and the surrounding area.

What Is A Simple Will?

Your will is the document which dictates your wishes upon your death. Specifically, it gives you a chance to direct the treatment of certain assets—your home, your belongings, and the remainder or “residual” of your estate. The will also gives you a chance to detail your burial wishes and make other special requests.

While protecting your assets from being administered by a statutory process, the will also is your chance to clearly lay out your wishes. The importance of this cannot be over-stated. By doing so, you give family clear direction as to the disposal of your assets and minimize any confusion among surviving siblings or children as to “who gets what”.

Your will also gives you the chance to name a guardian for your minor children in the event you pass away before your children reach an age of majority. If you are married, this is only necessary if both parents pass away– our affordable estate plan addresses that. You also have an opportunity to name a trustee to look after the assets of your estate if your children are minors when you pass. This way, your minor children do not have full access to the assets until an age that you determine is appropriate.

It’s important that your will follow the rules for execution in North Carolina, which are defined in the North Carolina General Statutes. In order to have a valid will, you must meet these requirements. Our office can assure you that your estate plan will be valid and recognized in North Carolina.

Healthcare Power of Attorney

Our estate plan also includes a healthcare power Of attorney. This document names someone to make healthcare decisions for you if you’re unable to do so yourself. This document is invaluable if your health declines and you can’t communicate with doctors and healthcare facilities. It enables those same doctors and facilities to administer care by considering the voice of your healthcare agent, who you will name in your healthcare power of attorney.

Living Will

Often confused with a will, your living will is a document which clearly communicates to doctors and healthcare professionals what your desires are regarding treatment under certain circumstances. If you are terminal and incurable, or in a persistent vegetative state, this document is your authority to withhold certain treatment. Without it, healthcare professionals strongly hesitate to withhold care for fear of liability.

Family members often are placed in a difficult position if you don’t have a living will. During a time of crisis, this document allows the family and doctors to clearly be made aware of your wishes regarding treatment like extraordinary measures and artificial nutrition and hydration (Commonly referred to as “tube feeding”).

Financial Power Of Attorney

Lastly, your estate plan includes a financial power of attorney. This document names an individual who can handle your finances in the event you are unable to do so for yourself. This empowers the family to fund healthcare from your accounts and also to carry on your ongoing financial business during a time when you’re unable to do so for health reasons.

It’s Easy To Get Started

Obtaining an estate plan through our office is easy. There is a questionnaire you fill out, which asks basic questions regarding who you would like to name to take care of your health and financial matters if you can’t do it. It also asks if you have any specific wishes to be carried out through your will.

You do not need to turn over a ton of paperwork or financials in order to obtain an affordable estate plan. If you need advanced estate planning down the road for tax purposes, we can assist with that when the time is right.

Speak With A Charlotte Attorney Today

If you would like to speak with an attorney about getting your affordable estate plan done, call us. The consultation is free. You can call 704.749.7747 or click to request a FREE CONSULTATION.