Estate planning can help your family make important decisions during difficult times. It is the process of anticipating and arranging for the disposal of an estate during your life. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses.
Last Wills & Testaments, Living Wills (Advanced Healthcare Directives), Powers of Attorney, and Trusts
These legal documents are commonly confused because of their similar-sounding names. While all three are vital estate planning tools, each one serves a distinct purpose. Here are some of their key differences:
A Last Will is used to distribute property to beneficiaries, specify last wishes, and name guardians for minor children. It is an important part of any estate plan. Without one, the courts will make these critical decisions for you.
A Living Trust is used to transfer property to beneficiaries. But unlike a last will, a living trust is not usually subject to probate court, which can take years and cost thousands in attorneys' and court fees.
A Living Will lets you outline important healthcare decisions in advance, such as whether or not to remain on artificial life support. A Health Care Power of Attorney allows you to appoint someone you trust to make critical health care decisions for you if you cannot.
We can prepare a comprehensive will packet for you that will prepare you for a number of future events, that includes all types of Powers of Attorney.
Estate Administration/ Probate
Probate is the court process for the validation of a last will and testament, as well as officiating over the distribution of estate assets as stipulated in the last will and testament. If the decedent passes without a will, then the decedent is Intestate. In this case, the estate would be administered through the court and under the North Carolina Intestacy Statute.
Whether you are entering into a relationship with a customer, a vendor or an independent contractor, contracts are a fact of business. You need them because they serve as legally valid agreements protecting your interests. It is always good business practice to put every binding agreement in writing. We also offer breach of contract services.
Incorporation (Inc.) is the forming of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.
Real Property/ Deed Preparation
Owning or acquiring real property can cause numerous legal issues. Whether there is a deed that needs to be filed or created, establishing an easement, title search, or a conveyance of property needs to occur, our firm can guide you through the process to avoid potential pitfalls and issues. This service also includes deed preparation, among other real property services.
General notary services are available at a small fee. We can notarize various documents including affidavits, documents in support of disability claims, wills or medical directives.