Changing a Will
You may need to change your will because of a marriage, divorce, a new baby, a death in the family, or a disagreement. These types of changes sometimes mean that you should rewrite your will. Other times you can make a change with a codicil. Stay prepared for the future by keeping your will current. Learn about changing a will to make the corrections you need.
What You Should Never Put in Your Will
Creating a last will and testament is not complicated or expensive. You can even write your own will. But does it make sense legally? It’s crucial to devise a will if you have any assets such as a home, bank accounts, or any children. Writing your will protects your loved ones’ future. However, there are some things you should never put in your will. Let’s look at the items best left out of a last will and testament.
Last Will and Testament Template for NC
Writing your own will from a template makes it easy to create your last will and testament. However, making a free will from a template has its drawbacks. When writing a will, you can easily miss crucial facts about yourself that you didn’t consider. Working with experienced legal counsel can help you avoid the pitfalls of using a free Last Will and Testament Template to make your will.
What is a Gun Trust?
Some gun laws could cause a friend to face felony charges for possessing or firing your gun. A gun trust can help you legally share weapons with friends or pass down guns to others as an inheritance. Let’s look at exactly what a gun trust is and why you might need one.
Why Open a Qualified Disability Trust?
With proper planning, disabled individuals can benefit from the formation of a qualified disability trust. This type of trust, also called a Special Needs Trust, or 3rd Party Trust, provides additional income while allowing for governmental benefits for their lifetime. A Qualified Disability Trust can help you provide for the future of your special needs or disabled family member.
Asset Protection Strategies
Asset protection strategies are not just for the uber-wealthy. If you work hard, you likely own assets that you don’t want to lose. Let’s look at some asset protection strategies to consider as you reach retirement age.
Power Of Attorney and Guardianship: What’s the Difference?
Who will care for you if you experience a medical event that keeps you from communicating or taking care of yourself and your finances? A court may appoint a guardian to care for you. However, if you establish a power of attorney (POA), you can avoid the courtroom and choose your own care person. A POA has advantages far beyond court-ordered guardianship. If you plan for your future now, you can choose who will care for you. If you wait, a court may do it for you.
What Is A Trust Agreement?
A trust agreement is part of the process of setting up a trust fund. The words “trust fund” often bring to mind images of the wealthy. However, a trust is just a legal tool used to reach specific financial goals. Different kinds of trusts accomplish different goals. Let’s look at what a trust agreement is and what it can do for you.
Why You Need a Special Needs Trust Attorney
If you have a special needs child or face your own disabilities due to accident or injury, you may have questions about special needs trusts. It is possible to receive payments from assets that don’t count against your benefits eligibility. Learn how a special needs trust attorney can help you plan for the future of a disabled individual.
What Happens to a Power Of Attorney After Death?
A power of attorney can give authority to someone else to manage some or all of your financial needs and health care decisions while you are alive. However, after your death, a power of attorney ends. Learn what a power of attorney is and what it can and can’t do.