Raleigh Comprehensive Estate Planning Lawyer Helping Families Prepare For the Future
Just because you’ve made some estate planning decisions regarding your future does not mean that all of your bases are covered. Estate planning is complex, so many people create incomplete plans that omit crucial details.
Turn to an estate planning lawyer at NC Planning to ensure you have a comprehensive estate plan in place that protects your assets and prepares your family for the future. Our attorneys take a comprehensive approach to estate planning, which means we ensure you are completely protected. As your life continues to evolve and change, so does your comprehensive estate plan strategy to meet you and your loved one’s needs.
What Is A Comprehensive Estate Plan?
Everyone’s financial situation is different, which is why no two estate plans are alike. Because of this, it’s important to work with an attorney who will work tirelessly to learn more about your situation and ensure you have not omitted any crucial details in your estate plan.
An estate plan may consist of:
- A last will and testament
- A living will
- Guardianship for minors
- Powers of attorney for healthcare or financial matters
- A living trust
These are the basics of estate planning. But an estate plan is comprehensive when it also addresses other important issues, including:
- Estate and gift taxes
- Credit shelter trusts
- Irrevocable life insurance trusts
- Business succession planning
- Asset protection planning
The overall goal is to piece together a plan that provides complete protection. If you are ready to create a comprehensive estate plan, contact the attorneys at NC Planning as soon as possible. Tell us about your situation so we can create a comprehensive estate plan to fit your family’s needs.
What is Estate & Gift Tax Planning?
Your loved ones may need to pay taxes on the assets they are awarded from your estate. Fortunately, an effective estate plan can help your loved ones minimize or avoid estate and gift taxes. Our estate planning attorneys can help you ensure that your loved ones aren’t left with massive tax bills after your death.
Credit Shelter & Other Complex Revocable Trusts
Establishing a credit shelter trust allows certain individuals to minimize or completely avoid estate taxes imposed on assets passed on to heirs. Many people don’t consider credit shelter trusts because they assume that they are only for high net worth individuals. It’s true that high net worth individuals often take advantage of these trusts, but that does not mean that others can’t benefit from a credit shelter trust as well. You should explore all of your options, including credit shelter trusts, with the help of an estate planning attorney at NC Planning.
What Are Irrevocable Life Insurance Trusts?
If you want to put your life insurance policy in a trust, you may want to consider establishing an irrevocable life insurance trust. An irrevocable life insurance trust cannot be amended or modified once it has been established. For this reason, many people hesitate to create this type of trust, but it’s something you should consider when creating a comprehensive estate plan.
What is Business Succession Planning?
Building a business from the ground up is no easy task–it takes time, resources, and tons of hard work. Most business owners have long-term goals, fantasizing about the day that they’ll be able to pass down the family business to their loved ones or sell the business for a profit. Our estate planning team is ready to help you secure that vision with comprehensive planning that addresses what will happen to your business once you are ready to move on.
Take a Comprehensive Approach To Estate Planning with NC Planning
NC Planning makes it easy for you to organize a thorough and detailed plan for the future. It’s important for us to understand your current situation, your goals, and future plans so that we can build a comprehensive estate plan that meets your needs. Plus, our legal planning leaves room for future adjustments as you continue to grow and your estate prospers.
The best way to determine your next steps is to give us a call at (919) 900 4720 to schedule a consultation regarding your estate plan. You can also schedule a consultation by submitting your information using the form on this website.