It may be the most important term you may not fully understand. This can leave you and your family open to disaster down the road.
"Estate" is a term commonly used to denote the sum total of all types of property owned by a person at a particular time, usually upon their death (or incapacity). It may be better to think of an estate is a legal entity, or "thing,” that springs into being upon the death of a person.
It makes sense, because, generally, a deceased person cannot by law deal with property. This means they cannot own property, be indebted, and give property away. It is the deceased person's "estate" that assumes these roles and responsibilities.
In the most straightforward aspect, it determines what happens to your property.
There are some essential questions you need to answer about yourself and your goals.
Answering these questions may be difficult. It always is. Once you have determined the answers to these questions, your next step is speaking with an experienced North Carolina estate planning attorney.
The Neagle Law Firm provides estate planning using wills, durable powers of attorney, healthcare powers of attorney, living wills, and final directives. In some cases, the use of revocable and irrevocable trusts can be a key part of an estate plan.If you’re not sure what’s best for your future and that of your family, contact attorney Thomas J. Neagle to find out.
Make the right decision about your future. Call attorney Thomas J. Neagle or set up a consultation through this website to give yourself a chance to make an informed decision. Thomas has provided legal services to clients across North Carolina to secure their legacies for years. Now is the time to make a plan with The Neagle Law Firm.