Wills and trusts are two of the most basic components of any estate plan in Concord.
Estate planning is for people of every age– not just for the elderly or ill. Estate planning is for those who are realistic, those who want to be prepared, and for those who wish to protect their family members from inadvertent consequences. Estate planning can benefit adults ages 18 years and older, married couples, families with minor children, people who recently moved to North Carolina, and people who want to change their existing estate plan. Estate planning is also for those who want to save on taxes, protect their special needs children, or give charitably.
Wills and trusts are two of the most basic components of any estate plan. Here at NorthPointe Law Group, we have experience drafting wills and trusts for people of all ages and in all stages of life, and we are ready and waiting to help you put together these important documents in Concord, North Carolina.
One of the most well-known, effective estate planning tools, wills are only effective after the creator passes away. For this reason, you might edit your will multiple times throughout your lifetime. The main purpose of this document is to appoint guardians, distribute assets to children, and name beneficiaries. In comparison, trusts provide legal protection if you were every to become physically or mentally incapacitated.
At NorthPointe Law Group, we are dedicated to client education, so we would be happy to provide further information about the differences between wills and trusts. Schedule your consultation with our firm by reaching out to us today.