You’ve worked hard your whole life to get to where you are now. However, earning an income is just half the battle—how can you protect and hold onto your hard-earned assets during your retirement years? How can you protect your legacy and ensure your loved ones receive the support they need to enjoy a bright and stable future, even after you are gone? Although thinking through these topics may not seem pleasant, taking a proactive approach to estate planning can give you the confidence and reassurance you need to feel optimistic about the future, no matter what it may hold. Let’s take a look at what aging individuals and couples should know about the estate planning process in North Carolina and what steps to take to keep the future bright.
Getting Organized
A good place to start would be to download the Mason Law, PC preplanning checklist.
First, you will need to understand your financial situation, such as identifying your assets and any debts you owe. If you’ve kept your financial records and other essential documents in an organized filing system, this aspect of estate planning will move forward more quickly than those who need time to sort through various bank statements, stock portfolios, and other documents. This organizational task may seem daunting, but you do not have to go through it alone. Enlist the guidance of a trusted and friendly elder law attorney to help you identify exactly what information you need to start developing your estate plan.
To help with this process you can download the Mason Law, PC, quick financial overview form.
Customized Estate Planning Services to Suit Your Needs
Many people assume that estate planning is a one-size-fits-all process. While there are certain documents that most estate plans should include, estate planning is actually a highly customizable process. It may be tempting to use online forms to establish an estate plan on your own, but these generic documents usually include overly broad language that leaves room for legal disputes later on. Working with an estate planning attorney who can help you articulate your goals and develop a personalized plan is the best way to protect your estate and your legacy.
Planning for What the Future May Bring
While we can’t predict the future, we can anticipate various scenarios that could arise. Creating an estate plan that offers guidance in the case of physical incapacitation or mental deterioration is key to protecting your and your family’s best interests. Your estate planning attorney can help you designate a power of attorney to handle financial decisions on your behalf, document your wishes regarding end-of-life care, establish a living trust to help your beneficiaries avoid probate, and explore other estate planning options designed to safeguard your legacy. It’s never too early to start working on your estate plan, so reach out to a caring and friendly Charlotte elder law attorney today to discuss your goals.
Contact Mason Law, PC, today to discuss your estate planning options. Call our Charlotte office at (704) 276-6446 to get started with a dedicated and friendly elder law and estate planning attorney.
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