Planning for your loved ones' future can be an overwhelming responsibility. You worked your entire life to earn what you have and want to make sure that your assets and property are handled with the best care. It is possible for individuals to do this on their own, but even the slightest mistake may cost your family dearly. What you need is the advice of an estate planning lawyer at Thompson & Pureza who will help you design a plan to make the distribution of your assets to your family or loved ones as simple as possible.
Some Questions to Consider When Planning Your Estate
When planning your estate there are many decisions one has to make including:
- What is the estimated value of your assets?
- Who should manage your assets if you are unable to do so?
- Who should make medical and financial decisions for you if you are unable to do so?
- Who would you like to be the beneficiaries of your assets?
- Who is responsible for your children or other dependents if you are unable to care for them?
Failing to plan for your estate means these decisions will be made by your family or the court system, which may not be in your best interests.
What is Probate or Estate Administration?
When an individual dies, the legal process of finalizing their estate is known as probate or estate administration. The steps taken in probate include determining the total value of the assets of the person's estate, paying off remaining debts and distributing assets to beneficiaries. Along with planning your estate, our law team can help make sure everything is settled properly when a person passes away.
Contact Us for Estate Planning or Probate Advice
Thompson & Pureza would like to be your estate planning attorneys. We have helped plan the estates for hundreds of clients in Elizabeth City, the Outer Banks and surrounding areas of North Carolina. With our experience and insight we can guide you through even the toughest decisions on handling your estate. The firm prepares wills, health care powers of attorney, other advance directives for health care, living trusts, and durable powers of attorney.