Who me? Estate planning? Many people assume that there is no need for an estate plan or that it is okay to put it off for a later day. While it can be difficult to think about hard issues such as death and illness, it is important to have a plan in place for the future.
Yes, even YOU need an estate plan! Take a look at some of the reasons why you need an estate plan.
Then, schedule a time to meet with an estate planning attorney today!
- If you want to have a say in how your assets will be distributed, you need an estate plan. Do you have certain preferences about who will inherit your assets? Have you already discussed certain inheritances with some of your loved ones? It is important to have an estate plan that will outline how your assets will be distributed after your death. Otherwise, you will have no say.
- If you want to prepare for medical emergencies ahead of time, you need an estate plan. Medical emergencies can happen at any time. Without a proper plan in place, you may have no say as to what type of medical treatment will be preformed. With an estate plan, you can choose someone who will be responsible for making sure your wishes are followed. You can also outline important medical wishes such as whether you wish to be hooked up to medical equipment in order to stay alive.
- If you want to prepare for estate taxes ahead of time, you need an estate plan. Estate taxes can be extremely costly. With estate planning, you are able to prepare for estate and inheritance taxes ahead of time. This can allow you to minimize the taxes that are associated with your estate. This can save your loves ones a lot of time and money.
If you want to have a control over what happens to your assets, you NEED an estate plan.
If you have any questions about the need for an estate plan, consult with a qualified estate planning attorney.
John Potter is an Estate Planning and Elder Law attorney in the Charlotte, North Carolina, area with offices in Ballantyne and Huntersville. John has been designated as a Certified Elder Law Attorney (CELA) by the National Elder Law Foundation and a Board Certified Specialist in Elder Law by the North Carolina State Bar.
John’s practice focuses on the use of Wills and Living Trusts in Estate Planning to help individuals protect their families and preserve their legacies after their deaths, but his practice also focuses on the critical issues of protecting individuals with dementia or other diminished capacity, assisting individuals in qualifying for Medicaid and other government benefits to offset the costs of long-term care, and providing special needs planning.
John is admitted to practice law in North Carolina, South Carolina, Kentucky, and Ohio, and he is accredited by the Department of Veterans Affairs.
John’s practice focuses on the use of Wills and Living Trusts in Estate Planning to help individuals protect their families and preserve their legacies after their deaths, but his practice also focuses on the critical issues of protecting individuals with dementia or other diminished capacity, assisting individuals in qualifying for Medicaid and other government benefits to offset the costs of long-term care, and providing special needs planning.
John is admitted to practice law in North Carolina, South Carolina, Kentucky, and Ohio, and he is accredited by the Department of Veterans Affairs.
Latest posts by John Potter (see all)
- What You Need to Know about the Medicaid Look-Back Rule - January 3, 2023
- How to Pass Down Your Legacy in Your Estate Plan - October 3, 2022
- Practical Steps to Take after Receiving a Terminal Diagnosis - September 30, 2022
