Your Trusted Greensboro Estate Planning Lawyers
Planning for the future isn’t always an easy topic of discussion. No one likes thinking about what will happen to them as they age or when they die. However, getting your affairs in order is one of the most important things you can do as an adult.
Estate planning is necessary for everyone – no matter your age or wealth. At Coltrane & Overfield PLLC, our experienced estate planning lawyers have helped families and individuals across Greensboro to successfully prepare for their future with a comprehensive estate plan that protects their loved ones, their assets, and themselves.
Estate Planning Representation When You Need It Most
Many people put off estate planning because they don’t believe they have enough assets or they think they’re still too young. You don’t need a certain age or have a certain amount of money to prepare for your own future. With an estate plan, you can rest assured that your needs are met if you face an untimely illness or death.
Our estate planning lawyers represent clients in the following areas:
- Wills
- Trusts
- Powers of attorney
- Estate administration
We can help you establish a valid North Carolina will, protect your assets through a trust, and ensure your financial and medical wishes are met with the appropriate powers of attorney.
As our lawyers are also skilled in family law matters, real estate, and business law issues, we can help you navigate unique situations where these areas overlap. For example, we can help update an estate plan after a divorce or ensure that assets are passed down with proper ownership after a loved one’s death. We’re familiar with how contentious estate administration may become and help executors and families overcome conflicts and estate litigation.
The estate planning process is often overwhelming. There are many legal documents you need to gather and create, which is why it’s essential to consult with an estate planning lawyer. We will help ensure your estate plan is thorough and valid, so you can have peace of mind for the future.
Wills Versus Trusts: What’s The Difference?
Many people assume wills and trusts serve the same function in an estate plan, but that’s not the case. In fact, they are two separate tools that have completely different roles. Everyone needs a will, but not everyone needs a trust.
A will is a legal document that outlines certain crucial factors after your death, including:
- How you want to distribute your assets to your heirs
- Your funeral wishes
- The name of your estate executor
- The name of a guardian for any minor children
On the other hand, a trust is a legal document that serves as a contract for where you can store certain assets that will be distributed upon your death according to the contract. Trusts often include three key players: the owner of the trust, the trustee (the person who oversees the trust), and the beneficiary (the person who receives the assets within the trust).
Our lawyers handle a variety of trusts, including living trusts, revocable and irrevocable trusts, testamentary trusts and special needs trusts. We can help you determine what type of trust you need for your interests, just as we can help you draft and prepare a strong will that includes every important detail.
Get Started On Your Estate Plan Today
Don’t wait too long to begin estate planning. With a strong estate plan, you can rest easier knowing you’re fully prepared for whatever may come in the future.
Our knowledgeable estate planning lawyers are here to help. Call us today at 336-691-2822 or send an email at your convenience.