What is a Living Will and Why Do I Need One?

A Living Will deals with your wishes about your end-of life medical care. A living will, also known as an advanced directive, is an important estate planning document that aids your family in understanding your wishes at the end of your life.

What is a Living Will?

A living will provides instructions regarding your end of life care to your health care providers.

It instructs your doctors whether you want to withhold life-prolonging care in certain situations and die a natural death.  If you suffer an irreversible condition that will soon result in death, if you are unconscious and it is unlikely you will ever regain consciousness or if you are suffering from advanced dementia and any loss in your cognitive ability is irreversible, your Living Will authorizes health care providers to withhold artificial life support.

Why do I Need a Living Will?

If you do not have a living will, your loved ones may face the added stress of making these choices for you in an already stressful situation. Having one gives your loved ones the peace of mind of knowing that you have a plan in place to receive the treatment that you want or don’t want. Additionally, it can ensure that your family will not be put in the position of making gut-wrenching end of life decisions on your behalf.  This reduces stress and can help to avoid family conflicts over your care.

The lawyers at Perry, Bundy, Plyler and Long LLP have over 110 years of combined experience writing living wills for North Carolina families. Give us a call at 704-289-2519, and we can help you think through what your desires are for end of life care and ensure that your wishes are properly documented.

4 Essential Estate Planning Steps for Newly Weds

Estate Planning Tips For Newly Weds

Engaged? Congratulations! Between the dress shopping and cake tasting, don’t forget to add “call our lawyer about estate planning” to your long list of wedding “To-do’s.”

 

While preparing a will and thinking about future emergencies is not as fun as choosing floral arrangements, it is a smart way to say, “I Do” to a safe financial future. Here are the four essential estate planning steps we recommend for newly weds:

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3 Common Concerns of a First-Time Executor

1st time executor of an estate struggling with estate distribution

Acting as an executor for the first time can be a daunting experience as there are many tasks to complete and serious legal and financial issues hanging in the balance. Being named as an executor means your deceased loved one selected you to be legally in charge of handling their estate and fulfilling their final financial obligations.

Here are three tips for making your job as an executor go as smoothly as possible.

 

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Common Estate Planning Errors That Will Cost Your Family Money

Couple struggling to resolve estate planning errors.

Getting your estate planning affairs in order? We often see estate planning errors that can be time consuming and expensive for your loved ones to resolve.

Here are our tips for avoiding these common estate planning mistakes:

 

1. Not Having an Estate Plan

Having no estate plan is the number one mistake you can make.

It will be extremely expensive for your family to administer your estate without a plan to follow. The state of North Carolina will dictate how your assets are distributed. If your family wants to change what is mandated by state laws they will have to engage in a difficult and expensive legal battle. A simple estate plan that includes your Last Will and Testament will provide enough guidance to your family to avoid these expensive legal costs.

For more on dying without a will, see our previous post: Does my spouse get Everything If I Don’t Have A Will In North Carolina?

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3 Reasons to Have a Special Needs Trust

If you or a loved one have special needs, you understand the financial strains that comes with providing the appropriate care for those needs. One way to address these concerns is through a special needs trust.  A special needs trust is a tool that allows the trustee to provide financial support for an individual with special needs while also allowing the individual to receive and maintain government benefits.

 

Speaking to a qualified estate planning attorney about a special needs trust can help you have peace of mind that you or your loved one’s special needs will be cared for:

 

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FAQs About Contesting a Will in NC

Woman contesting a will in NC

Are you interested in contesting a will in North Carolina?

Do you believe that your loved one’s probated will is not a true representation of their estate wishes?

Do you have a more recent version of his or her will that has not been probated?

If you believe that there is some error in a will, you can contest it. Though it is not an easy process, it can be done. Here are some common questions about contesting a will in North Carolina:

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Monroe Attorney Spotlight: Ashley McBride

 

Get to know your local Monroe, NC attorneys at

Perry, Bundy, Plyler & Long LLP.

 

 

Ashley McBride joined Perry, Bundy, Plyer & Long in 2016 after graduating Magna Cum Laude from Campbell Law. Ashley focuses her practice on Real Estate, Estate Planning, Estate Administration, and Elder Law and Special Needs Planning.

 

Here is our interview with Ashley:

 

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