12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
Edit & Print a Free North Carolina Last Will & Testament
  • Written by expert Attorneys
  • Guaranteed for your State
  • Personalized for your situation
  • Finish and print in minutes!

Overview of Estate Planning in Asheboro, NC

Overview of Estate Planning in Asheboro, NC


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Download & Print a Free NC Last Will Personalize This Document
Page 1
 
Download & Print a Free NC Living Trust Personalize This Document
Page 1
  Answer Easy
Questions
answer simple questions online step by step
Easy Questions, Instant Documents
  • Finish in Minutes
  • Download Immediately
  • Written by Attorneys
  • 100% Guaranteed
  Get Instant Legal
    Documents

Print, save or email your finished legal document immediately!
Last Will & Testament
Related Legal Services near Asheboro, NC
Spencer Beverly R
624 S Fayetteville St
Asheboro, NC 27203
(877) 513-9580
Attorneys, Litigation & Tort Attorneys
Scott Dunn, Attorney
162 E Ward St
Asheboro, NC 27203
(336) 308-8798
Social Security & Disability Law Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys,
Ivey & Eggleston
111 Worth St
Asheboro, NC 27203
(336) 308-8790
Attorneys, General Practice Attorneys, Litigation & Tort Attorneys
Williams Robert P
111 Davis St # C
Asheboro, NC 27203
(336) 625-8700
Attorneys, Criminal Law Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attor
Davis Andrew
200 Worth St # J
Asheboro, NC 27203
(336) 625-8515
Criminal Law Attorneys, Attorneys
Moser Schmidly & Roose
19 S Fayetteville St
Asheboro, NC 27203
(336) 626-8000
Adoption Law Attorneys, Attorneys, Family Law Attorneys
Joel W. Sawyer, PLLC
624 S. Fayetteville St. Suite F-9
Asheboro, NC 27203
(336) 457-7357
Criminal Law Attorneys, Drug Charges Attorneys, DUI & DWI Attorneys, Sex Offense Attorneys, Traffic
Gavin & Cox
113 Worth St
Asheboro, NC 27203
(336) 521-7338
Attorneys, Litigation & Tort Attorneys, General Practice Attorneys
Neely & Lanier, PLLC
350 North Cox Street, Suite 25
Asheboro, NC 27203
(336) 629-6529
Attorneys, Family Law Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attorne
Smith Alexander & Morgan LLP
141 Worth St
Asheboro, NC 27203
(336) 625-6104
Wills, Trusts & Estate Planning Attorneys, Attorneys, Real Estate Attorneys, Legal Service Plans
Mason Robert A
350 N Cox St # 9
Asheboro, NC 27203
(336) 610-6000
Attorneys, Elder Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Estate Planning Attorneys
Bell Clark R Lawyer
179 E Salisbury St
Asheboro, NC 27203
(336) 629-5883
Criminal Law Attorneys, Attorneys, DUI & DWI Attorneys, Legal Service Plans, Traffic Law Attorneys
Megerian & Wells
175 E Salisbury St
Asheboro, NC 27203
(336) 308-5616
Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Civil Litigation & Trial Law Att
Ben C Morgan
150 Scarboro St
Asheboro, NC 27203
(336) 308-5615
Attorneys, Civil Litigation & Trial Law Attorneys
Matthew F. Altamura
615 Sunset Avenue
Asheboro, NC 27203
(336) 308-5603
Criminal Law Attorneys,  DUI & DWI Attorneys,  Family Law Attorneys,  Personal Injury Law Attorneys,
Heafner William H
127 Worth St
Asheboro, NC 27203
(336) 625-5555
Divorce Attorneys, Attorneys, Family Law Attorneys, Criminal Law Attorneys, Estate Planning Attorney
Crumley Roberts
1157 S Cox St
Asheboro, NC 27203
(704) 899-5522
Attorneys, Legal Service Plans, Attorneys Referral & Information Service
Wilhoit Pugh & Allen LLP
119 Worth St
Asheboro, NC 27203
(336) 308-5329
Attorneys, Litigation & Tort Attorneys
Lee Law Offices PA
191 Nc Highway 42 N # H
Asheboro, NC 27203
(336) 625-4948
Attorneys,  Social Security & Disability Law Attorneys,  Accident & Property Damage Attorneys,  Corp
Jeffrey L. Little
200 Worth St. Suite E
Asheboro, NC 27203
(336) 629-4529
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  DUI & DWI Attorneys,  General Practice A
Hayes Shaun L
342 Hill St
Asheboro, NC 27203
(336) 633-4529
Family Law Attorneys, DUI & DWI Attorneys, Attorneys
Hayes Law Firm
342 Hill St
Asheboro, NC 27203
(336) 633-4529
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys, Estate Planning Attorney
Egerton Lawrence
523 E Dixie Dr
Asheboro, NC 27203
(336) 626-4529
Attorneys, Legal Service Plans
Oxner Thomas & Permar
904 S Cox St
Asheboro, NC 27203
(336) 633-4494
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans, Employee Benefits & Worker
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US