Hickory Wills & Trust Attorney

Hickory Wills & Trust Lawyer

If you are considering estate planning, you should contact a Hickory wills & trust attorney to help you get started. An attorney can be the needed resource to help you understand the benefits of creating a will, a trust, or other estate planning tools. These documents are critical to a strong estate plan and, if set up correctly, can go a long way in protecting the assets you’ve worked so hard to accumulate. A skilled wills and trusts lawyer from The Jonas Law Firm, P.L.L.C. can help guide you through the process. Contact today to get the free consultation from our expert lawyers.

Purpose of a Will

A will is a legal document that outlines the wishes of an individual in regard to the distribution of their assets after their death. A will names an executor who will administer the distribution of the estate once the testator dies. The goal of a will is to provide a means for assets to be properly and effectively distributed without having to go through the state’s intestacy laws.

It’s important to know that while a will is created to make this process easier, that doesn’t mean there won’t be legal challenges or conflicts that could arise. It is critical that you have a wills and trust attorney on your side who can help you navigate this process.

Purpose of a Trust

A trust is created to place assets in order to reduce tax implications upon the transfer of assets. There are several different types of trusts that can be created, but each one assumes ownership of the assets. Some trusts can be altered during their lifetime, like revocable trusts, and some cannot be altered, like irrevocable trusts. Understanding the implications of trusts is also important when considering matters such as contesting a will. A divorce lawyer or a child custody lawyer can help ensure that trusts are properly addressed in divorce proceedings, particularly when dividing assets or when considering the impact of a trust on alimony, child support, or other financial matters.

Important Legal Terms to Know

There are four main legal terms that are important to know when it comes to wills and trusts.

• This is the individual who creates the will.
• This is the individual appointed by the testator to carry out the will.
• This is who will inherit the estate and or property. It can be a single person or multiple people and/or organizations.
• This is the judicial process where the will will be proven in court and honored if created correctly.

When Should I Speak With a Lawyer?

You should speak with a lawyer as soon as possible. Life is unpredictable, and it is comforting to be prepared for the unexpected. If you have a substantial amount of assets or have specific wishes for your property in Hickory, NC, you should promptly engage a lawyer to make them known in a formal way.

FAQs

How Much Does a Lawyer Charge for a Will in North Carolina?

The cost a lawyer can charge for a will in North Carolina depends on a few things. First, you must consider the lawyer’s fee structure. Some lawyers may charge by the hour, and some may charge a flat fee. It’s important to inquire about the lawyer’s fee structure before you sign anything. The fee structure often depends on the complexity of your estate. Additionally, the experience level of the attorney should be considered.

Do I Need a Lawyer for a Will in North Carolina?

While you’re not legally required to have a lawyer for a will in North Carolina, it’s highly recommended. A lawyer can be very helpful in creating a will. They thoroughly understand North Carolina state laws and what pitfalls to avoid. If you have a large or complex estate, it would be absolutely necessary to hire an experienced real estate lawyer. Also, if you have any special conditions or believe your will will be contested, you may need a lawyer.

What Is the Difference Between a Will and a Trust?

The difference between a will and a trust is that a will is a legally binding document that outlines how a person wishes for their property and assets to be distributed after their death. It can be used to nominate legal guardians. A trust can be created to hold assets. One of the main differences is that a will goes into effect after death, while a trust goes into effect immediately. However, both documents can be created with the help of a lawyer.

Does a Will in North Carolina Need to Be Notarized?

No, a will does not need to be notarized in North Carolina. A will can be legally recognized without the need for a notary. However, there are benefits to having your will notarized. For one, it can make the probate process much faster. An experienced wills and trust attorney can help you decide if you should get your will notarized.

What Happens to a Property Without a Will in North Carolina?

If someone dies without a will in North Carolina, their property may be distributed according to the state’s intestacy laws. This means the property will be divided among the surviving family members in an order determined by the law. This can include spouses, children, parents, and other relatives. Having a will in place is vital because it’s a useful way for your family to avoid the complications of intestacy laws. A lawyer can help you put a will in place.

Contact The Jonas Law Firm, P.L.L.C. for Help With Your Will or Trust

Estate planning can seem overwhelming, and it can be challenging to fully understand your rights under North Carolina law. However, it is a vitally important aspect of life. Having a strong plan in place can give you comfort and safety in knowing your assets and family members are taken care of. This is why you need the help of a reputable law firm that can help you with your estate plan.

The legal team at The Jonas Law Firm, P.L.L.C., has the resources and know-how necessary to offer you the quality support you deserve. Since 1912, members of the extended Jonas family practice have been successfully representing clients all over North Carolina. With offices in Lincolnton and Denver, we are well-positioned to support Hickory residents. Contact us today to speak with a member of our team.