Careful Creation Of Your Will Or Trust
You should not leave your long-term financial planning to chance. Should you die without a valid will, the assets of your estate may end up distributed to unintended beneficiaries. Without a trust to shield assets from taxes and expense, you risk losing everything you have.
At Rouse Law Office, our attorney and staff take the necessary action to protect everything for which you worked so hard to obtain. We listen to your concerns and create wills and trusts that meet your individual circumstances. In the event of life changes, we will modify documentation to address current needs.
Why Having A Will Is Important
Young and old alike should have a will in place. A will puts into writing your wishes regarding distribution of your belongings. A well-written will states specifically who gets what.
During recent years, the makeup of families has become more complex. More parents are remarrying or raising stepchildren. Many choose to adopt. Often individuals are raising children with special needs.
Unfortunately, unclear provisions in the will can ultimately lead to will contests and disputes among family members. Our skilled estate planning lawyer can review or prepare well-drafted wills that comply with North Carolina requirements. We can also advise you on what a will can and cannot do when it comes to protecting your assets.
What Is The Purpose Of A Trust?
A trust serves a number of purposes. You can possibly shield money placed in a trust from taxation and expense. A trust also allows you to be able to maintain control over your estate even after you are gone. You can create testamentary trusts to accompany a will.
We understand the sorts of trusts you can use to meet your concerns. When speaking to our lawyer, we will advise you on what sort of trust is best for your situation.
Creation Of A Special Needs Trust
In the event you have a child who is a minor or has special needs, you can create a special needs trust that will direct how money should be used to care for that individual. A special needs trust allows for you to put money aside for minor children or adult children with disabilities who are unable to take care of their own affairs. Such a trust allows for you to make sure specific funds are available to take care of the child’s needs.