Estate Planning Lawyer in Leland, NC

Unfortunately, every person in this world will pass away. However, how individuals handle their assets makes a world of difference for the loved ones left behind. It is always best to have everything put in writing because if you do not, your property and personal items could be awarded to someone you might not have wanted the items left to.

What is an Estate Planning Lawyer?

An estate lawyer, also referred to as a trust lawyer or probate attorney, ensures that a person's last wishes are met by what was written in a will while they were alive. They can also assist with items that should be included in a will. An estate lawyer can also help with:

Living Wills

This type of will designate the right person/persons to make your health care decisions if you are unable to do so. These wills, otherwise known as an Advance Directive for Natural Death, can include your decision on life-support or life-sustaining measures. The clarity living will provide in the event of a health emergency makes them a helpful tool.

Power of Attorney

A power of attorney is a document that allows another individual the authority and responsibility to act as your agent. This can include being able to cash or withdraw funds from a bank. There are different types of power of attorneys, each with distinct advantages.

Will Creation

North Carolina has specific requirements for creating a will. An estate planning lawyer can ensure your will is legally valid and prevent future disputes over your property after your passing.

Trusts

North Carolina's Uniform Trust Code governs trusts in North Carolina. To be considered valid in North Carolina, trusts must meet specific legal requirements. An estate planning lawyer can assist you in determining which property is best suited for placement in a trust, drafting foolproof provisions for the trust administration, and even acting as the trustee responsible for administering the trust according to your wishes.

The above are just some ways an estate planning lawyer can help. To fully understand how they can assist, it is best to contact an estate planning lawyer in Leland, NC.

Choosing an Estate Planning Lawyer in Leland, NC

When choosing a Leland estate planning attorney, you should consider a lawyer specializing in this law. Lawyers with vast experience in estate planning, like our skilled team at Bespoke Law, know the best way to ensure that one's last wishes are legally protected and effectuated upon one's death.

Although some people might draw up a will without hiring a lawyer, it is always best to have one. When you hire a lawyer, they will meet with you to understand your needs before they develop the perfect strategy to assist you. While the prospect of a DIY trust or will may seem a cost-efficient strategy up-front, it will likely result in future complications and costs. Without the proper legal experience, you will likely commit many drafting mistakes that will ultimately prevent your last wishes for your property from being correctly carried out.

What Does an Estate Planning Lawyer Charge in Leland, NC?

There are many different ways an attorney may charge for their services.

Flat Rate

A one-time fee for the attorney's service.

Hourly Rate

A fee is charged for each hour the attorney works on your case. This includes the time the attorney spends speaking with you on the phone, drafting your agreements, and attending court on your behalf, among other things.

Contingency Fee

Your attorney will be paid when the case is found in favor of the client or a fair settlement is reached. If the client does not win, the attorney will not be paid. This fee arrangement is prevalent when you expect to receive money from a successful outcome in negotiations or litigation. This option will not be available for simple estate planning services.

Retainers

A client may be asked to prepay for services provided by the attorney. This money is put into an account and withdrawn as the attorney renders services. The client may be asked to add more funds to that account. For example, the account might need more funds if the case goes longer than expected.

Hybrid Billing

An attorney could charge more than one type of fee, making it more affordable for the client. For example, you may be charged a cheaper hourly rate with a contingency rate.

Discuss your financial capabilities openly and honestly when considering a Leeland estate planning attorney. More likely than not, the attorney can find a situation that works for both parties.

Contact Our Estate Planning Lawyers in Leland, NC

Contacting an estate planning attorney in Leland is the right decision for anybody with estate planning needs. Bespoke Estate Law is well-equipped to handle estate planning, wills, trusts, probate, business law, and other matters. Please get in touch if you have any questions, or if you would like to schedule a free consultation.

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