Everyone will eventually reach the time in their lives when they want to start planning for what happens after they pass on. Here, we will discuss what a Winston-Salem estate planning attorney can help you with to give you peace of mind.
At Robinson & Lawing, located in Winston-Salem, NC, our estate planning attorneys will assist in forming wills, trusts, and other estate documents you want to have. Our services accommodate each client to ensure they are being treated with the utmost care. For more information, give us a call at (336) 631-8500 or contact us online today.
Creating a Plan
By forming an estate plan, you are essentially reducing the amount of stress on your family and loved ones. An estate planning attorney in Winston-Salem will help you figure out what you want to do with your belongings and property after you pass. Read below for an easy-to-follow checklist to keep handy when creating your estate.
- Perform an Inventory Check
- These items can include but aren’t limited to your home or other owned properties, vehicles, furniture, jewelry or clothing, bank accounts, and life insurance.
- Create a Last Will and Testament
- In this, you will name who your estate executor is, determine who will receive any property, and appoint someone to be a guardian to your children.
- Consider Estate Executors
- Choose someone responsible, financially stable, and mentally fit to carry out your estate.
- Consider a Living Trust
- This will determine how your assets are distributed
- Search For an Estate Planning Attorney
- When you opt for a POA, you’re appointing someone you trust to handle any financial or medical affairs.
- Write a Living Will
- This will help you decide what your end-of-life care will be in the event you aren’t able to communicate your preference.
- Prepare For Tax Obligations
- Your estate planning attorney can help make sure you’re up to date on the IRS regulations for estates.
- Make Sure Your Digital Assets Are in Order
- Facebook, Instagram, Venmo, Cash App, etc.
- Create a Guide for Your Executors
- Gather information for all your bank accounts, credit cards, insurance policies, vehicle loans, etc.
- Revisit Your Documents Frequently
- This should be done once a year to account for any changes (death, divorce, marriage, etc.).
Estate Planning Attorneys in Winston-Salem
At Robinson & Lawing, located in Winston-Salem, NC, our estate planning attorneys can assist in estate and trust planning, administration, and litigation. To speak to one of our lawyers, call (336) 631-8500 today.