Estate Planning Attorneys
Estate Planning Attorneys in North Carolina – Barham McCoy, PLLC
Estate planning is essential for safeguarding your assets and ensuring your loved ones are cared for after you pass. At Barham McCoy, our experienced estate planning attorneys are dedicated to creating tailored plans that meet your unique needs.
Whether it’s drafting wills, setting up trusts, or prepare for healthcare directives, we are here to guide you every step of the way.
Why Do You Need Estate Planning?
Our estate planning attorneys provide personalized services, including:
Wills and Trusts: Drafting and updating wills and trusts to ensure your assets are distributed as intended.
Powers of Attorney: Designating trusted individuals to manage your financial or healthcare decisions if you become unable to do so.
Probate Administration: Navigating the probate process to ensure a smooth transfer of assets and resolution of debts.
Planning your estate is more than just writing a will. It involves detailed planning to protect your assets, minimize tax liabilities, and provide clear instructions for your beneficiaries.
Hiring professional estate planning attorneys ensures that your estate is handled according to your wishes.
Last Will and Testament: A will is a legal document that outlines how a person’s assets should be distributed after their death. It also allows the individual to designate guardianship for minor children and specify other important matters.
Revocable Living Trust: A trust is a legal arrangement where assets are held by a trustee for the benefit of beneficiaries. A revocable living trust allows the individual (grantor) to retain control of their assets during their lifetime and specify how those assets should be managed and distributed after their death, often avoiding the probate process.
Durable Power of Attorney: A general POA appoints someone to make financial and legal decisions on behalf of the individual if they become incapacitated or unable to make decisions for themselves.
Healthcare Power of Attorney: A Healthcare POA designates someone to make medical decisions on behalf of the individual if they are unable to do so themselves.
Living Will (Advance Directive): A living will outlines the individual’s wishes regarding medical treatment and end-of-life if they become terminally ill or permanently unconscious.
Beneficiary Designations: These documents specify who will receive assets from retirement accounts, life insurance policies, and other accounts with designated beneficiaries.
HIPAA Authorization: A HIPAA authorizes healthcare providers to disclose medical information to specified individuals.
Disposition of Final Remains: A disposition declaration outlines the individual’s wishes regarding funeral and burial arrangements.
Asset Inventory: While not a formal legal document, an asset inventory lists all of the individual’s assets and their locations, which can be helpful for executors and trustees
How Barham McCoy Attorneys Can Help You?
Choosing the right estate planning attorneys can make a significant difference in the management of your estate. At Barham McCoy, our attorneys work closely with clients to develop a comprehensive estate plan.
This process includes identifying your goals, assessing your assets, and understanding any potential tax implications.
