Putting Together The Right Sort Of Will
Many young adults mistakenly believe that they don’t need a will because they haven’t started families yet. Or, they are under the impression that wills are only helpful for those who have substantial assets or property to distribute to heirs or charitable causes.
At Tally & Tally, our experienced Fayetteville wills and trusts attorneys provide comprehensive estate planning representation to clients throughout Cumberland County. We believe that everyone should have a properly drafted will to help protect the loved ones they leave behind.
Why Having A Will Is So Important
In North Carolina, when an individual dies without leaving a will, his or her property must go through the strict, often costly, intestate process. Your probate administrator would be required to purchase a bond under state law, which is typically more expensive than the cost of a will. We urge you to take the time to consult with a qualified lawyer to discuss your wishes and record them in a properly drafted will.
Our legal team has decades of experience handling complex estate planning issues. We will review, revise and draft appropriate directives to help minimize tax implications and preserve your estate. Our extensive representation includes:
- Power of attorney
- Medical power of attorney
- Living will
- Durable power of attorney
- Health care power of attorney
- Trust creation
Reviewing Your Plan After Life Changes
We understand that many events in your life can affect your long-term estate planning. We advise our clients to review and revise their estate plans, including life insurance beneficiaries, after the following:
- Birth or adoption of a child
- Diagnosis of a serious, debilitating or life-threatening illness
- Selling a family business
- Restructuring a family business