Understanding Why You Need an Estate Plan in Charlotte, North Carolina

Preparing an estate plan in Charlotte can seem overwhelming. For this reason, many families do not have a clearly defined estate plan in place. One question frequently asked is why a person needs an estate plan, especially if they are not exceptionally wealthy. The answer is that estate planning attorneys in Charlotte, NC have seen firsthand the difficulties families experience when they do not have an estate plan in place.

An estate plan helps to dictate who will inherit property and assets after you are gone. Are there any conditions you want to place on who inherits your property? Estate planning attorneys in Charlotte, NC can help you accomplish that. If you die and you do not have an estate plan, any assets you have will be distributed according to North Carolina’s intestacy laws.

Under these laws, someone you might not have chosen can end up with all your assets. Additionally, any money that you have, even if it’s a relatively small amount, could be locked up in the probate process for decades as the courts decide how your assets should be distributed.

The only way to ensure that your wishes regarding your estate are followed in a timely and cost-effective manner is to work with an estate planning attorney to create a plan that works for you. Each estate plan is as unique as the individual it is being created for. An attorney will discuss your unique situation with you and help you create an estate plan that ensures that your goals and desires are met.