Wills, Estates and Trusts in Huntersville, NC Ensure the Proper Distribution of an Estate
People work hard to build up their personal wealth over their lifetime. Therefore it’s understandable that they want to control what happens to it after they die. Lawyers can create Wills, Estates, Trusts in Huntersville, NC to ensure that their wishes are carried out. In addition to passing wealth on to family and friends, it’s also a way for parents and siblings to care for family members who are disabled. If the disability includes mental or intellectual limitations, the trust has to ensure that the person gets help using the funds wisely.
Crafting a will is a very emotional experience. It means deciding which child, relative or friend is given or not given money or items. It also requires that a person think about their own mortality. This combination of emotions can make thinking about an estate or will very stressful. A compassionate Wills, Estates and Trusts lawyer from the Lake Law Office in Huntersville, NC can help a person through this process. The attorney will make sure that everything is legal and the person can focus on their wishes. That will make the process go as quickly and smoothly as possible.
Divorce is much more common today. Over a long lifetime a person may have had several spouses. They may be in a long-term unmarried relationship at the end of their life. Wills, Estates, Trusts in Huntersville, NC have to be designed to take all of these intricate relationships into consideration. This ensures that the will will stand up in court if challenged by children or former spouses.
If a family business is involved, the future careers of many people and family members can be affected. It’s important for the business owners to work with a Wills, Estates and Trusts lawyer in Huntersville, NC to ensure an orderly transition. Not only can a will or trust document outline an orderly transition, it can minimize tax liabilities as well. Many family businesses have been destroyed because of the estate taxes that were due upon the death of a partner. Federal and state laws may require several transition years to ensure the financial viability of a company. It’s therefore important that business owners start early to craft the proper estate agreements. You can Contact The Lake Law Office, PLLC for more information on Wills, Estates and Trusts Lawyers in Huntersville, NC.