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  • Huntersville Office

    Address

    11330 Vanstory Dr.
    Huntersville, North Carolina 28078

    Phone

    704-464-8809

Reviews and Testimonials

  • " I have had the pleasure of working with Attorney Sabourin and would recommend him to anyone requiring legal advice or representation. He is well informed, prepared, professional and serves his clients with patience and compassion."

    - E H. – 5 out of 5 stars Yelp
  • "I asked Andrew to write my will. He was extremely honest with me regarding the price, and very fair. He explained everything, and made sure all my questions were answered. He made the entire process painless. I would highly recommend him."

    - Deborah S. – 5 out of 5 stars Yelp
  • "Andrew Sabourin was a pleasure to work with. He was very personable and responsive throughout the entire process, and answered all our questions. He was easy to communicate with, whether via phone call, email or in person. He is very professional, and made the process and paperwork feel easy. I would highly recommend him!"

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    Read More - Angela C – 5 out of 5 stars Google

  • " Attorney Sabourin handled our legal matter with superior professionalism and was responsive in a very timely manner and very supportive from the first phone call and remained consistent throughout the entire process. He is easy to talk to, very knowledgeable, and it was a pleasure working with him. My husband and I would highly recommend Attorney Sabourin."

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    Read More - Gina C.– 5 out 5 stars Google

  • " Attorney Sabourin handled our legal matter with superior professionalism and was responsive in a very timely manner and very supportive from the first phone call and remained consistent throughout the entire process. He is easy to talk to, very knowledgeable, and it was a pleasure working with him. My husband and I would highly recommend Attorney Sabourin."

    ...
    Read More - Anonymous – 5 out of 5 stars Lawyers.com

Thirteen Estate Planning Terms You Need to Know

Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you become ill, minimizing taxes so you can pass more wealth onto your family members, and stating how and to whom you would like to pass your estate on to when you pass away.

While it should be at the top of everyone’s to-do list, it can be an overwhelming topic to dive into. To help you get situated, below are some important terms you should know as you think about your own estate plan.

Assets

Generally, anything a person owns, including a home and other real estate, bank accounts, life insurance, investments, furniture, jewelry, art, clothing, and collectibles.

Beneficiary

A person or entity (such as a charity) that receives a beneficial interest in something, such as an estate, trust, account, or insurance policy.

Distribution

A payment in cash or asset(s) to the beneficiary, individual, or entity who is entitled to receive it.

Estate

All assets and debts left by an individual at death.

Fiduciary

A person with a legal obligation (duty) to act primarily for another person’s benefit, e.g., a trustee or agent under a power of attorney. “Fiduciary” implies great confidence and trust, and a high degree of good faith.

Funding

The process of transferring (re-titling) assets to a living trust. A living trust will only avoid probate at the trustmaker’s death if it is fully funded, meaning it contains all of the decedent’s assets.

Incapacitated/Incompetent

Unable to manage one’s own affairs, either temporarily or permanently; often involves a lack of mental capacity.

Inheritance

The assets received from someone who has died.

Living probate

The court-supervised process of managing the assets of an incapacitated person.  Conservatorship is another term used for this process.

Marital deduction

A deduction on the federal estate tax return, it lets the first spouse to die leave an unlimited amount of assets to the surviving spouse free of estate taxes. However, if no other tax planning is used and the surviving spouse’s estate is more than the amount of the federal estate tax exemption in effect at the time of the surviving spouse’s death, estate taxes will be due at that time.

Settle an estate

The process of winding down the final affairs (valuation of assets, payment of debts and taxes, distribution of assets to beneficiaries) after someone dies.

Trust

A fiduciary relationship in which one party, known as the trustmaker or settlor, gives another party, known as the trustee, the right to hold property or assets for the benefit of another party, the beneficiary. The trust should be memorialized by a written trust agreement, outlining how the trust assets will be distributed to the beneficiary.

Will

A written document with instructions for disposing of assets after death. A will can only be enforced through a probate court. A will can also contain the nomination of guardian for minor children.



If you have any additional questions about estate planning, or would like to consult an estate planning professional, please contact our offices. We can make sure you have a comprehensive plan that is tailored to your unique needs and goals.