Thoughtful Lawyer Drafts and Modifies Wills in Huntersville
Creating last wills and testaments for people throughout North Carolina
The will is one of the oldest and most familiar estate planning tools in America. It is essential to all estate plans even with a trust-based estate plan (revocable or irrevocable). A will allows you to direct where your assets go in the future — relatives, friends, charities — and they can help expedite the probate process, saving your family time and money down the road. At Lake Norman Wealth Counsel in Huntersville, we help people throughout North Carolina create wills that accomplish their unique goals.
The starting point: will drafting
If you have been thinking about creating a will but find yourself putting it off, you aren’t alone. It can be challenging to find a lawyer you feel comfortable with, knowing how much personal information you’ll need to share. When you work with our firm, we’ll patiently answer all of your questions during the confidential conversations we’ll have throughout the will drafting process, including whether you should also have a trust, what you can distribute to whom and how to change your will later if you so desire.
Changing a will: the codicil
After you make a will, life goes on and things can change. The people involved can get divorced, have kids, pass away or have fallings-out, for example. Events like these might prompt you to change your will, and that is completely fine. In fact, will modifications happen so often that they have their own name: the codicil. A codicil is an amendment, or change, to an existing will. Codicils must meet the requirements of North Carolina law, and we’ll ensure that yours does.
Using a will to appoint a guardian
Wills can be used for more than just distribution of property. If you have minor children, you can use your will to designate a legal guardian who will care for them if they are still minors when you pass away. This way, you get peace of mind knowing that your kids will be under the care of someone you trust should anything happen to you.
How wills and probate interact
In simple terms, probate is the process of settling an estate according to the wishes of the deceased as stated in the will; it is the way in which debts and final bills are paid and assets are taken out of the decedent’s name and passed on. Generally, distributing your assets during your lifetime is more economically advantageous than passing them upon death. Using wills, trusts and other estate planning tools, we can help you plan for the probate process in ways that simplify things for beneficiaries as much as possible.
ADDITIONAL INFORMATION ON THE DIFFERENCES BETWEEN WILLS, TRUSTS AND DYING WITHOUT AN ESTATE PLAN/WILL
Please read some additional information on the differences between having a Will, a Trust based Estate Plan or having no Plan at all:
Get a free attorney consultation to talk about creating a will in North Carolina
Lake Norman Wealth Counsel in Huntersville, North Carolina is ready to help you create a will or change an existing one. Get started with a free consultation today. Call 704-727-2026 or contact us online.