Our next seminar is scheduled for Tuesday May 8th at 10:00 a.m. Seating is limited so we ask that everyone who plans to attend registers by calling 919-825-3112 or by signing up online. Although it is helpful for both parents to attend, it is not necessary.
Top Myths about Estate Planning for Families
Myth #1: My family knows what I want to happen with my children and they will take care of it if something happens to me.
Reality: If you are a parent of a child under 18, it is critical that you sign properly drafted estate planning documents. This is the only way for your to make your wishes known. Without your guidance, the Court will decide where your children will live, who will raise them and who will be in control of any money or property that they inherit at your death.
Myth #2: I don't have enough money or property to need estate planning.
Reality: Everyone needs estate planning done by an attorney, even if they do not own much. It may be possible to accomplish the distribution of your property without the need for complicated trust planning, but you need a will to make sure your property goes to the people you want to have it at your death. You also need documents written to set up who will make financial and medical decisions for you if you are unable to make them for yourself.
Myth #3: The adults I leave behind will make sure that the money I leave for my children is spent wisely, including on their college education.
Reality: If you have not properly protected the money and any other assets your child inherits, then your child will receive their inheritance at age 18 and they will be able to spend it in any way they want.