Estate Planning

Which Estate Documents Do I Need?

A well-rounded estate plan should include a Last Will and Testament, a General Power of Attorney, a Health Care Power of Attorney, and a Living Will. These documents address various aspects of estate planning, such as asset distribution, financial management, healthcare decisions, desire for a natural death. While a Last Will and Testament is an essential part of an estate plan, it’s important to note that it alone does not address all aspects of the estate.

What Happens After I Get a Will?

A Will does not have legal authority to manage a person’s affairs in the event of incapacitation caused by illness or injury. For managing such situations, it is necessary to have a General Power of Attorney and a Health Care Power of Attorney. These documents empower designated individuals to make financial and healthcare decisions on behalf of the incapacitated person. A Will becomes legally effective only after death, and it is submitted to the probate court to guide the handling of the estate. Having a Will at the time of passing does not bypass the probate process. Instead, the Will outlines your wishes regarding asset distribution and provides instructions on how you want your estate to be handled.

If you require assistance or have questions about estate planning, please don’t hesitate to contact The Law Group. We can guide you through the process and help create an estate plan that protects your interests and provides peace of mind.

The Law Group and its network of attorneys can help you in eastern North Carolina and New Hanover, Pender & Brunswick Counties.