When you’re young, you think about things like starting your career, getting married, buying a house, and starting a family. Chances are your plans don’t extend beyond the next few years. As you get a little older, you start to think more long-term about paying for college for your children and saving for retirement.
What most people aren’t thinking about — often until it’s too late — is what would happen if they were no longer there. No matter your age, it’s important to plan for the hopefully unlikely event of a tragic accident or illness, especially if you have a family whose interests you want to protect or own property that you’d like to see distributed in a particular way. It’s never too early to have a will or a living will in place so that your wishes are known in the event that you pass away or experience a debilitating illness.
You have options in North Carolina for when you want to plan for the future — whether it’s your personal future and your medical wishes or the future of your family if you’re no longer there. Depending on your needs, you may want to talk to a North Carolina family lawyer about drafting a:
A North Carolina will attorney can discuss your circumstances and help you decide on the best course of action for you, as well as create documents that meet North Carolina’s legal requirements.
Attorney Jonathan Breeden has more than 20 years of experience helping families in Johnston, Wake, and Harnett counties, including communities such as Garner, Raleigh, Angier, and Smithfield, with wills, living wills, and power of attorney documents. He understands how important it is to you to have a plan in place to protect your interests and those of your family, and can provide knowledgeable and compassionate advice about the best ways to accomplish your goals.
Call Breeden Law at (919) 661-4970 to schedule your appointment today.
If you pass away without having a valid will in place, known in legal terms as dying intestate, your estate — basically everything you own — will go to your next living relative or relatives according to a formula under North Carolina’s intestate succession laws.
In the simplest terms, a will is a written, legally binding document that instructs your heirs and the court on how to handle your estate when you pass. Generally, your estate is everything you own, including money, personal property, and real estate. Depending on your wishes and the size of your estate, wills range from very simple to incredibly complex documents.
In a will, you can state how your property and money should be specifically divided among your friends, family, and organizations. If you want pieces of furniture to go a certain relative or a sum to be donated to charity, this is the place to let that desire be formally known.
You can also name an executor of your estate, who will be the person responsible for overseeing your wishes and ensuring your debts and taxes are paid. You aren’t required to name an executor, and, if you choose not to, the court will appoint an administrator.
At its most basic, a will is a document that states how you want your property distributed after your death. A will can be a complex document depending on the nature of the estate you’re leaving behind. If you have significant financial assets, such as bank accounts, investments, insurance policies, business interests, and other property that you want to be divided among numerous family members, friends, business associates, or charities, your will may be a complicated document.
If you pass away without having a valid will in place, known in legal terms as dying intestate, your estate — basically everything you own — will go to your next living relative or relatives according to a formula under North Carolina’s intestate succession laws. If you have no relatives who can inherit under the state’s intestacy laws, your estate goes to the state to support students at a North Carolina college or university.
Simply put, if you want control over how your estate is distributed, such as wanting to “disinherit” any of your legal heirs or wanting to leave your money and property to a beloved charity, you need a valid will in North Carolina. Otherwise, that distribution is pre-determined by North Carolina’s intestacy laws.
Without a will, your estate will be distributed using North Carolina’s intestate succession formula. This means your property and money will be divided by a predetermined rule that doesn’t necessarily correspond with how you’d prefer that your money and property be inherited.
Some of the many benefits of leaving behind a valid will are:
To write a will that the court will uphold, you must follow specific rules. In most states, it isn’t enough to informally write down your wishes and stick it in your desk drawer or safe unless the document is wholly in your handwriting.
Here are the rules you must follow to create a valid North Carolina will:
Those who have been deemed incompetent by a previous legal proceeding cannot create a valid will.
Additionally, the witnesses must not be beneficiaries under the will or beneficiaries under North Carolina intestate succession laws of your estate. If a witness is to receive a gift, you would need two other disinterested witnesses, otherwise, the gift is void.
The best way to ensure that your will is valid is to hire a skilled North Carolina estate planning attorney to write your will. A lawyer who is experienced with writing wills in North Carolina can ensure that your will meets all of the requirements to be valid — and help your family avoid lengthy and potentially contentious probate proceedings.
Upon a person’s death and the discovery of a will, the written document must be filed with the Clerk of the Superior Court in the county of residence of the deceased. The court will issue what are known as “letters” to the executor named in the will or to the person who is qualified to be the administrator of the estate.
Upon receiving this document, the executor has the legal duty to execute your will, including:
There are many specific steps executors must take during the probate process, but when the executor is finished with these tasks and provides a final account to the court, the court will then release him or her from any further duties or liabilities that may arise in the future.
An advance directive, or living will, is a legal document that states your wishes regarding life-saving medical treatment if you are unable to express those wishes yourself. A living will tells doctors whether you want to receive measures to prolong your life if you:
This document is especially important in taking away the burden of difficult medical decisions that family members might be called upon to make as they are in shock or worried about your medical condition.
A living will also specifies whether you want to receive treatments such as:
Many people consider writing a living will when they reach an advanced age or are diagnosed with a chronic or terminal illness that may affect their ability to express their desires about end-of-life decisions later on.
However, anyone at any age can experience a catastrophic accident, such as a car crash that causes severe brain damage. In that kind of circumstance, a living will offers legal protections so that your wishes are obeyed, whether that means you receive treatment to prolong your life or refuse such treatment through your advance directive.
A skilled North Carolina will attorney can help you to write a living will that clearly states your wishes and helps protect you and your family in the event of a tragic accident or illness.
A power of attorney is a document that gives another person legal authority to make decisions on your behalf, such as selling assets or signing contracts. A power of attorney can come in different forms that grant different types of legal authority. In the context of estate planning, you might consider one of the following:
A North Carolina estate planning lawyer can explain more about the differences between the different types of power of attorney documents and recommend which type or types may be right for your needs.
A power of attorney can come in different forms that grant different types of legal authority. When you’re planning for your family’s future, you want to know that your will, living will, or power of attorney is in skilled and trustworthy hands.