Estate Planning Law Firm in Winston-Salem
What is the right age to start planning my estate?
The world is unpredictable, full of unforeseen illnesses and accidents. In order to provide for your spouse, children, or family, you should create an estate plan as early as possible.
The earliest you can enter into a binding estate plan is when you reach age 18. While you may not have many assets at that age it would be in your best interest to have a will created, just in case the unthinkable should happen.
In 2007, most American adults did not have a will in place. Since almost every adult dies owning some form of property, it is imperative to declare how you want that property to be distributed after you pass away.
If you do not, the State of
How an estate planning attorney in Winston-Salem
No matter what age you are or what assets you possess a quality attorney in the
Some misconceptions about estate planning can leave your family fighting over your estate and may fail to provide proper guardians for your minor children.
I am healthy and do not need to plan my estate distribution. Everyone is healthy at one point or another, but unexpected problems can arise and no age group is excused from untimely death. Just because you are in peak condition today does not ensure your health tomorrow.
Why do I need a will? I do not have enough assets. Whatever assets you do have will have to be transferred to someone after you pass away. If there are possessions that have special meaning to your loved ones, you should take that into consideration before anything happens to you.
Where do I begin? There are websites and software that claim they can create a will for you. However, these documents have to comply with strict statutory requirements which differ from state to state, and a will can be deemed completely invalid if it is not properly prepared.
The best way to declare how you want your possessions distributed after death is to contact an experienced estate planning attorney.
