Estate Planning Attorneys in Charlotte, NC
Contact Viebrock + De Nittis in Charlotte NC today
Many people perceive estate plans as tools for the wealthy alone, but nothing could be more inaccurate. When a beloved family member dies, they leave behind family members to care for and an estate to be distributed. Estate planning involves making advance arrangements on who will care for your children upon your death and how you want your property distributed. Proper planning can provide comfort and clarity to a family that is grieving the loss of a loved one.
The word “estate” finds its origins in Latin where it is defined simply as one’s state or condition. Your state and condition include both your assets and your liabilities, your real estate and your minor dependents. There is no minimum net worth that calls for an estate plan; it is our existence in modern society with its attendant legal and financial considerations that create the need for one. An effective plan will help maintain the status of your dependents and loved ones long after you are personally able to do so.
If you wish to create an estate plan but are uncertain about how to go about it or are anxious about the whole process, we are here to walk you through every step. Our skilled estate planning attorneys at Viebrock + De Nittis have broad experience guiding clients through the estate planning process and afterward through estate administration.
You don’t need to own your own railroad or even a top hat and monocle to benefit from an estate plan.
Our Estate Planning Approach
A properly executed estate plan brings clarity and calms anxiety during some of life’s most challenging events. A will of course outlines an individual’s wishes to future generations and can provide financial protection to those who come after them. Our comprehensive approach to estate planning also includes integral documents such as advance directives, financial powers of attorney, healthcare proxies, and HIPAA waivers. We can’t predict every scenario, but we can build plans that bring clarity and comfort to your families during life’s most difficult moments.
We tailor our plans to individuals and families based on a myriad of factors, including the age of a person’s heirs and the size the estate. One of the most common estate planning tools we recommend to clients is establishing a revocable trust. Trusts of course conjure up images of 19th Century robber barons like J.P. Morgan or Andrew Carnegie, but revocable trusts can shield assets from probate, making them immediately available to your beneficiaries, rather than having them held up by the judicial process. We can also set up guardianship trusts to protect your beneficiaries from careless spending after your death.
For certain clients, it is appropriate to develop more advanced plans. We work closely with our network of financial planners and accountants to develop estate plans that take into account each client’s specific situation and attitude towards charitable giving and wealth preservation while at the same time always being mindful of state and federal tax implications.