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What Should I Know About Estate Planning?

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Estate planning is something people often try to avoid though it is important to guarantee your wishes are carried out after your passing, so your loved ones are taken care of. A professional estate planning attorney will ease your mind and create a legal document with your exact wishes in mind.

If you need help with planning your estate, the attorneys of GPS Law Group have decades of experience and will respect your wishes from the start. Our experienced lawyers will guide you through the paperwork to help you through this process. Below is an explanation of what to expect at your estate planning consultation.

What is Estate Planning?

Estate planning helps you arrange for your assets, property, and other things to be transferred to the intended individual after your passing. This can include family, friends, business associates, and charities. Some benefits of estate planning include:

  • Prevents state law from controlling disbursement of your assets
  • Naming a guardian for children
  • Guarantee your wishes are fulfilled with sans confusion
  • Manage assets left to underaged beneficiaries
  • Minimize taxes and other fees your family could face without a plan

It is also important to revisit your estate plan regularly after it is drawn up by your lawyer. Updating your document as significant changes take place in your life will keep even the smallest detail from being overlooked. The birth of a child, marriage, divorce, or death of a loved one would need to be accompanied by an updated estate plan reflecting those changes.

What Does an Estate Planning Attorney Do?

Hiring a lawyer well versed in estate planning is your best option to make sure your assets are protected, and your beneficiaries receive them as intended. For those in North Carolina, GPS Law Group can help you set up an estate plan to minimize taxes and other costs that could be passed on to your loved ones. Estate planning includes:

  • Creating a list of your wishes
  • A plan to fulfill those wishes
  • Creation of necessary documentation

Creating an estate plan with guarantee that your assets are dispersed amongst your beneficiaries with no unnecessary obstacles. It is better to be prepared then let the division of your assets be decided by the state.

At GPS Law Group, we can schedule a consultation to learn more about your options and what to expect during estate planning. Coming prepared with the right expectations and documents will help your lawyer become familiar with your case. The attorneys at GPS Law Firm will treat your case with the attentive care you deserve streamline this process for you.

If you would like to discuss estate planning with an experienced lawyer, call GPS Law Group at (704) 549-1950 to schedule a consultation

Serving the residents of Charlotte, Gastonia, Concord, Huntersville, and surrounding communities in Mecklenburg County, Rowan County, Cabarrus County, Iredell County, Gaston County in North Carolina, attorneys at GPS Law Group have been helping clients since 1992. GPS Law Group has grown significantly over the years, thanks to our legal experience, commitment to our clients, and the honest and diligent way in which we handle cases.