Why do I need Estate Planning? Protecting your assets and caring for your family are important issues during life and after death. Wills, Trusts and Powers of Attorney are strategic documents to accomplish this goal. To be certain that your needs and desires are adequately met, schedule a consultation today. Who May Have a Will? Anyone 18 years of age or older may have a will. Without a will, NC Law determines how and to whom your money, property, and personal belongings will pass. If you already have a will and circumstances in your life have changed, review it to e certain that it still expresses your wishes and desires. If you have a will from another state, you should have your will reviewed by a North Carolina attorney to ensure that it meets the requirements of NC Law.
What is a Power of Attorney?
Otherwise known as a "POA", it is a legal document in which a person, called the "principal," gives authority to an agent to act on behalf of the principal.
What is a POA Used For?
There are wo common POAs, the one for financial matters, (sometimes called a "General" or "Financial Power of Attorney") and the one for health care decisions (usually referred to as a "Health Care Power of Attorney"). The Financial Power of Attorney allows you to name someone to pay bills and handle business or property transactions for you. The Health Care Power of Attorney allows you to name some one to make health care decisions if you are unable to do so for yourself.
These questions as well as others such as:
What is the estate tax?
What is a Revocable Living Trust?
What happens after probate has started?
...can be answered during your estate planning consultation.
LAW OFFICE OF C. DOUGLAS MAXWELL, JR. P.O. Box 2465, Fayetteville, North Carolina 28302 Telephone: (910) 483-1414 FAX: (910) 483-7443