It is important for everyone to plan for the unexpected, regardless of age or circumstance. Without proper financial and estate planning, you run the risk of unintended and sometimes severe consequences for those you leave behind.
Prudent estate planning takes into consideration the following:
(1) Making clear and unmistakable provisions for loved ones in your Last Will and Testament, such that your true intentions are known and conflict is avoided;
(2) Planning for minor heirs in your will, including provision of guardianship for children and trusts for the benefit of those who are incompetent or have not reached a certain age;
(3) Careful consideration of any tax consequences your estate planning may trigger;
(4) The pros and cons of avoiding the probate process, and consideration of ways to pass your property to the next generation outside of your Last Will and Testament;
(5) Identifying and designating the appropriate persons to serve in the important capacities of Executor, Trustee, and Guardian for children;
(6) Assuring that your estate plans are consistent with those of your spouse or partner, so as not to create any ambiguities that could draw into question your joint intentions.
Attorney McElwee has over twenty years of experience assisting clients with their estate planning. He understands all of the above considerations, and can help you and your spouse or partner make plans that will be abundantly clear, with an eye toward avoiding any unintended consequences.
In the event you or your family find yourself in conflict over a will or estate matter, Attorney McElwee also has experience with helping clients resolve such issues, which may include filing a Caveat to a loved one’s will when there is concern that their true intentions are not being followed.
We have offices in Winston-Salem and North Wilkesboro and are available to represent clients throughout the area.