Estate Planning Laws in Winston-Salem

Understanding the Estate Plan Process

Allman Spry Leggett & Crumpler can provide you with a number of estate planning services in the Winston-Salem area and throughout North Carolina. There is more than one way to plan for the inevitable and our attorneys can help to work out the best option for your unique situation.

As a North Carolina estate planning law firm, we understand that a well-thought out plan can avoid future inheritance disputes. We also encourage our clients to update their plan whenever they experience a life change such as a marriage, divorce, or the birth of a child.

Estate planning involves much more than simply filling in the blanks on a form.  Often complex tax issues are involved, and we can assist you in deciding on what is best for your situation. Call Allman Spry Leggett & Crumpler, P.A., and discuss how you can properly plan for the future.

Common estate planning services in Winston-Salem

The most common estate planning services requested in Winston-Salem are the drafting wills and formation of trusts. If you want to establish a will, Allman Spry Leggett & Crumpler, P.A., can draft a document or update your existing will.

A trust can be an effective tool for use in every estate plan. There are several types of trusts, some of which require the transfer of the property’s title while you are alive. Some are irrevocable, while others can be changed during your lifetime as your situation changes.

All wills and trusts should indicate what, if any, assets will be transferred to your spouse, children, other family members, or friends. Dying without an effective will in place pursuant to a good estate plan leaves the transfer of your property and possessions solely up to North Carolina law.

Alternatives to a will are available

There are alternatives to wills and trusts that can privately transfer ownership of property. These may be more suitable for you and your loved ones since the details of wills become public knowledge once they are filed.

• Life insurance policies
• Trusts
• Gifting assets, including cash, before death
• Transfer on death or payable on death bank accounts
• Retirement plans or IRAs

Estate planning does not necessarily mean you are getting ready to die. Creating an estate plan is a method of protecting your loved ones and establishing a more secure future for them. Let Allman Spry Leggett & Crumpler, P.A., show you how.

Call 1 336-722-2300 for an estate plan attorney in Winston-Salem